The Power of Admitting Mistakes

Mark Zuckerberg, the young CEO of Facebook went public recently by admitting he made “missteps”.  It was the first time Zuckerberg spoke about Facebook since his whirlwind social network went public in May.

After its stock offering, Facebook lost half of its market capital and analysts, investors and the public appear to be wondering if Facebook was overrated.

As soon as Zuckerberg stood up and admitted his mistakes, Facebook’s stock rose 3.5% in after-hours trading.

Confidence is earned when people do as Dale Carnegie suggested “admit your mistakes quickly and emphatically”.

In today’s world, we spin our mistakes.

Better to own up to them and earn the confidence of those around you.

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