How Did These Huge Expensive Mistakes Happen?

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How Did These Huge Expensive Mistakes Happen?

Every action has a reaction. And whether we like it or not, that principle applies to pretty much every single part of our lives. If we work hard...we’ll get a reward for that. But if we mess up, we can’t expect to walk away without facing some consequences. I mean, some lucky people out there always manage to come out of trouble without major issues. But most of us have to pay for our actions. And sometimes, those mistakes can cost a lot of money - like the ones I’m about to show you. In today’s video, we’ll be asking ourselves, “How Did These Huge Mistakes Happen?” If you`re feeling down, and if you feel like you messed up while doing something, then I’m sure these videos will put a smile on your face. After all, I’m sure that none of the mistakes you’ve made in the past can compare to what I’m about to show you.

The Opportunity of a Lifetime

Sometimes, epic expensive mistakes don’t involve huge crazy accidents that cost a lot of money. Sometimes, we lose money simply by letting go of million-dollar ideas. And that’s what happened to the people at Blockbuster. A long time ago, Blockbuster was the place where you could go to get your VHSes or DVDs to watch at home. But Netflix came along and took over that industry, putting the good old Blockbuster out of business. However, back in the year 2000, Netflix asked Blockbuster to join forces in a way that Netflix would take care of the digital part of the business while Blockbuster handled physical operations. Unfortunately, Blockbuster passed on that opportunity. Today, there is only one Blockbuster store in the world while Netflix has hundreds of millions of users, and the numbers just keep growing.

Forgiving Hitler

Back in 1914, a British soldier named Henry Tandey found a wounded German soldier in a ditch during the First World War. Tandey was the most decorated private soldier of his country and still, he chose to spare the German soldier’s life, even though he was in the perfect spot to end it. That German guy was Adolf Hitler. And if you know history, you know about the awful things that this guy did. I wonder if Tandey would have spared Hitler’s life if he had known that he was going to become a very evil dictator.

Lost around Mars

Losing stuff is not fun, especially when it’s something that costs a lot of money. Sunglasses, wallets, keys...losing them can consume a lot of time - and money if we have to replace them. But can you imagine losing a 125 million dollar orbiter? That must be painful. And that’s exactly what happened to NASA after one of their engineers used English measurements instead of NASA’s metric calculations to keep the orbiter on track. As a result, they ended up losing the spacecraft.



The Ambitious Skyscraper

The building on 20 Fenchurch Street in London’s Financial District, also known as “The Walkie Talkie,” has been quite an ambitious project since the beginning. First of all, just look at its shape, it certainly looks like a walkie-talkie. But when architect Rafael Viñoly designed this space, he didn’t expect it to be the cause of some expensive problems. When the building was completed, they realized that one of its walls, which was covered in reflective glass, was redirecting the light of the sun in a way that was melting cars and causing fires! Can you imagine your car melting just because it’s parked in front of a fancy building!? Now imagine a lot of cars - of course, someone had to pay for those damages! And on top of that, they had to create some netting and a permanent sunshade to avoid future problems. But I guess it was worth it. The building looks cool.

That Other Guy Who Founded Apple

It seems like everyone has iPhones and apple computers these days. And over the years, as Apple became more popular, people got familiar with Steve Jobs and Steve Wozniak, the two guys who started this company. But actually, a long time ago, when no one even knew what Apple was about, a third guy was working with the two Steves. His name is Ronald Wayne, and he owned 10% of the company. However, Wayne was only part of Apple for 12 days before selling his stock to Jobs and Wozniak for 800 dollars. Today, Apple is a trillion-dollar company. And if Wayne hadn’t sold his stock, he would own a big chunk of that money. However, he says he doesn’t regret his decision. While he always believed in Apple, he knew that selling his stock was the best thing to do at that point.