# What Learning Through Experience means in The Art of Money Getting

> Barnum stresses that personal experience, including learning from mistakes, is crucial for understanding a business and achieving success, and that borrowed money or inherited wealth cannot substitute for earned knowledge.

## Explanation

Barnum stresses that personal experience, including learning from mistakes, is crucial for understanding a business and achieving success, and that borrowed money or inherited wealth cannot substitute for earned knowledge.

The chapter stresses that personal application and learning from mistakes are crucial to mastering a business.

Highlights that employees gain valuable experience over time, making them more beneficial to retain.

The ancient error of 'counting chickens before they are hatched' illustrates the need for realistic assessment based on experience.

Staying informed through newspapers is presented as a form of continuous learning essential for success.

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