"Good judgment comes from experience.In the meantime I noticed a lot of cases where the importance of experience was simply ignored - e.g. with hire and fire or outsourcing strategies of companies.
Experience comes from bad judgment."
~ Jim Horning
And today I stumbled again over this quote at 3 secrets to Financial Success.
Along with the ignorance of experience often comes the ignorance of how important knowhow in general is.
The importance of experience comes from the fact that in most cases experience is something gained over a long time with a lot of effort involved!
You can learn only to some extent from the experience of somebody else.
Related posts: People's history, Transferable knowhow, Fool me once..., Know better and act on it, Information and experience, The golden rule.