In the words of Thomas Edison, “I have not failed. I’ve just found 10,000 ways that won’t work.”

Failure, or even the lesser degree of “non-success” is how we all run into brick walls.

Said another way, not succeeding at something usually results in the end of our pursuit. We usually quit when we run into challenges, which means we fail.

But what if we look at failure another way? We condition our minds to look at challenges in a positive light, instead of creating the feeling of defeat.

Edison looked at every failure as one more step closer to his goal. It was like he was getting the frustrating challenges out of the way. He didn’t know how many times he’d have to fail in order to get to where he was going, but he knew that it was simply a long process of not quitting.

So, maybe that’s all that success is: Whoever can outlast failure the longest.

MACRO TRENDS

Transportation Revolution

ExxonMobil projects that only 3% of cars will be electric by the year 2040.
At the same time, GM is currently in the process of leasing cars to ride-sharing company, Lyft.

What most consumers (and companies) don’t realize is that Lyft and Uber are really the first stages of autonomous driving ride-sharing systems; that will use electric cars.

Of course it’s in ExxonMobil’s best interest to overlook this idea, as the increase in electric cars doesn’t bode well for the oil giant.

Similar to Kodak’s demise, there may be many traditional mega-corporations that are going to be blind-sided by this revolution in transportation.

Cannabis Amendment

“The Colorado cannabis industry raked in record revenue last month, bringing in $117.4 million in total receipts. It’s the third time in the history of the state’s legal cannabis program that total sales topped $100 million.”
This model for tax collection simply isn’t sustainable… for the US government. At some point, there will be multiple states collecting massive amounts of money, while the federal government will be missing out.