Why is making mistakes important?

Jim O'Shaughnessy underscores the significance of making mistakes as they are an integral part of the learning process and contribute to innovation and progress. He discusses embracing mistakes, especially those that are unique ("original mistakes"), as vital for any startup or venture. According to him, encountering and rectifying mistakes is a critical skill for success, as it allows individuals and businesses to progress and adapt. This perspective resonates with the idea that through mistakes, we push the boundaries of knowledge and improve, rather than remaining stagnant or regressing due to fear of failure 1 2.