It's easy to predict failure, because there are more failures than successes. It doesn't make any of you psychic or great businessmen, it's just playing the odds. You'll end up right most of the time. You have to ignore naysayers and haters and take the risks required to pursue your ideas.
There's this story about Edison. "He saw every failure as a success. The story goes that he failed 10,000 times in his storage battery experiments. But Edison said, "Why, I have not failed. I've just found 10,000 ways that won't work.""
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