Learning from Mistakes Vol

Learning from Mistakes Alan Bond is an Australian multi-millionaire. He is the owner of the yachts that have made 4 challenges for the greatest prize in sailing, America’s Cup. In 1874 he made his first challenge and was wiped out 4 nil in the best of seven series. Then, in 1977, the same thing happened. In 1980 he won one race only and was beaten 4-1. These defeats deeply disappointed him. Recalling them, he says: ‘Every time I’d go home depressed, and then think “next time I’ll know how to do it better.’’’ Sunday Times, London, September 25, 1973 Alan Bond did not waste time blaming others for his defeats. He kept on thinking what mistake it was that led to his losing time and time again. Every defeat taught him not to repeat his mistake. He did this again and again, until eventually, in 1983, he made a challenge for the coveted trophy with a new yacht, Australia II. After being 3-1 down in the series Australia II fought back to win by four races to three and take the cup from America for the first time in 120 years. The best way of turning defeat into victory, in every walk of life, is by learning from one’s mistakes. □ Phototypeset by The Word, Nehru Place, New Delhi, Printed by J.K. Offset Printers, Delhi. Annual Subscription Rates: INLAND Rs 36 Supporting Subscription Rs 200 ABROAD Air Mail US $ 20/£ 12 Surface Mail US $ 10/£ 6 Supporting Subscription US $ 50/£ 30 Cheques, drafts, postal orders and money orders should be made payable to: ‘Al-Risala Monthly’