The Wonders of Blunders

Why I follow business failures, and why you should, too

“It’s fine to celebrate success but it is more important to heed the lessons of failure.” - Bill Gates.

I wrote my last column for The Wall Street Journal ten years ago.

I’d been writing about blunders, including the 2008 financial collapse and the ensuing bailouts, for many years, and some readers had complained that I appeared anti-business and even a t…