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He had a good life, a company that made him earn money, married his wife from a good family and had three children who were teenagers then. But five years earlier, his wool knitwear business went into crisis due to customers who hadn’t paid him. So, he went bankrupt. His wife left him, and his three children went to live with her.
He was left with the family villa, which he still had to continue paying for, and he needed to pay alimony to his wife for his children. But that didn’t stop him. His theory was:
If something ends, do not stand there trying to recreate it to restart it from the same point in the same direction to get back the same thing you had. This constantly leads you to think about what you did wrong. One thing ended badly, stop there, start a completely new thing. The old one is finished, so put a stone on it and go somewhere else with the few things you are left with.
Instead of reopening a new shirt factory, trying to regain the trust of the banks, suppliers and customers who had already judged it after declaring bankruptcy, he started selling encyclopedias.