“I think people actually do not learn very much from failure. I think it ends up being quite damaging and demoralizing to people in the long run, and my sense is that the death of every business is a tragedy. It’s not some sort of beautiful aesthetic where there’s a lot of carnage, but that’s how progress happens, and it’s not some sort of educational imperative. So I think failure is neither a Darwinian nor an educational imperative. Failure is always simply a tragedy.”
