Don’t never give up

Freakonomics did an episode they called "The Upside of Quitting". The quotes from Levitt always made me laugh: LEVITT: I try to talk my grad students into quitting all the time. DUBNER: Quitting grad school? LEVITT: Quitting grad school, yeah. A lot of people — you make choices without a lot of information and then you get new information. And quitting is often the right thing to do. I try to talk my kids into quitting soccer, baseball if they’re not good at it. I mean, I’ve never had any shame in quitting. I’ve quit economic theory, I quit macroeconomics. I’ve pretty much quit everything that I’m bad at. DUBNER: You do have this mantra: fail fast. LEVITT: Fail quickly, yeah, exactly. So if I were to say one of the single most important explanations for how I managed to succeed against all odds in the field of economics, it was by being a quitter. That ever since the beginning, my mantra has been “fail quickly.” If I started with a hundred ideas, I’m lucky if two or three of those ideas will ever turn into academic papers. One of my great skills as an economist has been to recognize the need to fail quickly and the willingness to jettison a project as soon as I realize it’s likely to fail.

http://freakonomics.com/podcast/new-freakonomics-radio-podcast-the-upside-of-quitting/

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