My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Correct Lesson Learning Framework
A systematic approach to evaluate whether someone is drawing the correct conclusions from their experiences, rather than just having experiences.
How It Works
Most people experience events but learn incorrect lessons due to cognitive biases, self-serving narratives, or misattributing causation. Success comes from accurate pattern recognition.
Components
Listen for the lesson someone claims to have learned
Ask: 'Do you think that's the right lesson to learn from that?'
Evaluate if their conclusion follows logically from the facts
Check if they're attributing success/failure to controllable vs. random factors
Look for patterns across multiple experiences
When to Use
Evaluating potential hires, partners, or investments. Assessing your own learning patterns. Post-mortem analysis of successes and failures.
When Not to Use
Early in relationships before you have enough data points. When emotions are too high for objective analysis.
Anti-Patterns to Avoid
Example
“Someone says they learned to 'fail fast' from their startup failure, but the real lesson might be 'validate demand before building' - the speed wasn't the issue.”