Making the Most of Your Mistakes

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Hidden Brain

2026-08-04

1 小时 25 分钟
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When you're learning, or trying new things, you're going to make mistakes. The trick is to try to fail in a way that gives you useful information. This week, we revisit a favorite conversation with researcher Amy Edmondson. She explains the difference between constructive failures and those we should try to avoid. Then, John Dinsmore answers listener questions about the psychology of debt, in our latest installment of Your Questions Answered. Ever wondered how your parents' and grandparents' attitudes toward money shapes your financial decisions? Check out our latest YouTube video to learn more about the hidden financial behaviors you inherited from your family.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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  • This is Hidden Brain.

  • I'm Shankar Vedantam.

  • In 2009, British businessman Philip Davison Sebrey was celebrating his wife's 50th birthday in the Maldives

  • when he got a phone call.

  • The caller asked for a business meeting the next day at 8 a.m.

  • Philip explained that that would be a little difficult, seeing as he was 4,500 miles away from work on vacation.

  • What are you doing away at a time like this?

  • The voice at the other end of the line shouted.

  • Your company is in liquidation.

  • Philip thought it was a joke in poor taste.

  • In an interview with Wales Online, he recalled that the caller assured him that it was no joking matter.

  • Here's what happened.

  • A British government agency had reported the demise of Philip's 134-year-old engineering company, Taylor & Sons.

  • The government agency, known as Companies House, serves as a kind of registrar for British businesses.

  • It said that Taylor & Sons, created in 1875, was being shut down.

  • Turns out, a government clerk had made a typo.

  • The company that was going out of business was Taylor & Son in Manchester, not Taylor & Sons in Wales.

  • Philip felt sick.

  • His company had been doing well.

  • It had some 250 employees.