The thinking is that this will make it less likely that bright students from bad schools will suffer because they underestimate their abilities and therefore fail to think about applying to top universities until it is too late.
Not having the experience "of having tried things and had them fail" freed him to think differently about the children's apparel chain, he said.
The Citigroup analyst later said in reference to the renewables targets: "I think the industry is planning to fail".
Of course, it is rarely an actual decision and I think some people fail to realize that it is an election.
Moreover, his friends include many foreign governments, which do not even want to think about what would happen were Mr Wahid to fail.
"While I think a lot of people will try to prevent the holding company from failing, I don't think it is too big to fail, " said Thomas Brown, a hedge fund manager at Second Curve Capital and a long-time banking analyst, of Countrywide's situation.
The other thing we have to think about though is the dire consequences were we to fail there.
It is too early to think the defence will fail, says Scott Robinson, a Denver lawyer.
He says clients often fail to take that into account, and so think their mortgage is costing them far less after tax than it really is.
First, traditional retailers may need to think about closing more stores in 2012 as the least-trafficked outlets fail to generate enough sales to cover fixed overhead costs.
The head of the Royal College of Nursing, Dr Peter Carter, finds it incredible that some catering managers fail to visit wards to find out what patients think.
We fail to see positive catalysts on the horizon and think shares continue to lag the group as the company climbs out of its hole and looks to regain its footing.
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This is partly because in 1997 the new Labour government made metering voluntary: a policy that was bound to fail, because the only people likely to volunteer to have a meter installed are those who think they consume less than average and will receive lower bills.
When you talk to people who think like you do, you end up thinking the same, and you fail to see reality.
Bill Singer: Well, I just think that a lot of people fail to appreciate how significant the geopolitical change is that we're going through.
One common European pitfall is that entrepreneurs too often think locally or nationally, but fail to grasp that there are much bigger opportunities afforded elsewhere.
"I don't think any English club is going to fail, " said Mr Watkins, referring to that first 2014-15 season when the Uefa rules will be in place.
Overall, I think more startups do fail by being too early to market than fail by being too late.
No thank you Ms. Tice, I think it is far better to risk and fail than to have never risked at all.
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"I think a lot of people expected us to fail this year, so it's a bit of a bonus to be where we are, " said Robinson.
And I think it largely reflects their fears that if they fail to reflect the mood of the public that businesses have to be kept on the straight and narrow, the greater public will decided to take their savings to institutions whose relationship with businesses is more responsible.
The best Data teams think of their solutions as products and allow themselves to fail fast until they get it.
He eventually released Alice II for PS3, only to fail to follow up with a game that ended the story of Alice in a way I think anyone approved of.
How could Dodd-Frank think it was addressing Fin Reg without addressing too-big-to-fail in accounting firms too?
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"Perhaps it will not fail within this year, but I don't think Sharp has a viable business in the next three to five years, " said Tetsuro Ii, chief executive of Commons Asset Management in Tokyo.
BBC: Sharp issues survival warning as it forecasts huge loss
Though she says she doesn't want to play the blame game, Lagarde does think it was a mistake for Treasury Secretary Paulson to let the global financial services firm Lehman Brothers fail last month because that led to widespread distrust among banks which then became reluctant to lend to each other.
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