Now, what should happen when you make a mistake is this: You take your knocks, you learn your lessons, and then you move on.

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In your personal career, you can learn from the best business moves and apply their lessons to your role and responsibilities.

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Sometimes you learn the best lessons when you look in your own backyard.

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My advice to management anywhere is to be open to what your teams can learn from the military and apply the following five lessons.

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So take these lessons, learn from the past, and keep that promotion in your sights.

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One of the more painful lessons all investors learn is that a 20%-40% loser in your portfolio can offset the nice gains from the other holdings.

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If you pay your kids enough to allow them to do and buy whatever they want, then they will not learn vital lessons about how to wisely allocate limited resources.

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