Failure Quote by Lee Iacocca
“I don't need a $100 million mistake. Try to make a $5 million mistake if you have to make one.”
About This Quote
Source Interview: Business Insights, 1995
Advocates taking smaller, manageable risks instead of massive, potentially ruinous ones.
In simple terms: Prefer smaller mistakes over huge ones.
Key Takeaway
Embrace calculated, limited risks.
Themes
risk management
learning
growth
Mood
cautious
pragmatic
Type
advisory
motivational
When to use this quote
- entrepreneurship
- investment decisions
- career moves
- personal finance
Key Concepts
Opportunity cost
risk tolerance
Questions to Reflect On
- What risk can you reduce in size?
- How do you evaluate acceptable loss?
A Different Perspective
Even small mistakes can have outsized consequences if not managed.
![“Maybe I'll just write books. I'd like to make another movie, but I don't want to go back and [do] what they want you to do, to make it for a million dollars. I did that. I don't need a lot, but I need what I used to get, and they don't give you that anymore.” quote by John Waters](https://sms4smile.com/quotes/img-quotes/4d4/john-waters-751_book_maybe-i-ll-just-write-books-i-d-like-to_139629.jpg)
![“They're on you day and night. Their oversight is just too extreme [. . .] That's why our 10-year loan, we paid it back in three years. We couldn't stand the government. The bureaucracy kills you.” quote by Lee Iacocca](https://sms4smile.com/quotes/img-quotes/8cc/lee-iacocca-3170_bureaucracy_they-re-on-you-day-and-night-their-overs_145905.jpg)
