I recently finished reading The Wizard of Menlo Park by Randall Stross, a book on Thomas Edison’s life. I marvel at Edison’s inventive genius at changing the face of many industries.

However, like all humans, Edison too was fallible. As Charlie Munger says, we can learn a lot from people’s mistakes.

Essay on learning from Edison’s mistakes:

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• Don’t ignore family

• Don’t ignore what customers want

• Don’t let fame get to you

• Don’t forget to value people (and your employees!)

• Don’t cede control of your company to investors you do not trust

• Don’t let your obstinacy get in the way of reality

The big question is are these mistakes simply a consequence of great invention?