Reading Accident Reports: How to Avoid Making the Same Mistake

I love climbing in the mountains and try to do it as often as possible. goals motivation

Four hours north of my home sits one of my favorite places to climb, the Teton Range.

It’s a beautiful area, one of the most striking mountain ranges in the continental United States.

My favorite peak in this range is the Grand Teton, and I try to climb it once or twice a year.

This summer, I noticed something about my preclimbing routine.

Before I go, I find and read recent climbing accident reports.

I look for reports from accidents in the Tetons specifically, and it’s even better if they’re on the same route as the one I plan to climb.

I shared my newly discovered habit with friends, and they all wondered why I would want to review accident reports.

“That’s weird,” they said, “Why would you do that before you go?” Wasn’t I tempting fate?

When I started reading these reports, I judged climbers for making “stupid” mistakes.

But over time, I started reading them to understand instead of to judge

This simple switch in perspective has helped me avoid specific mistakes on multiple climbs.

As a result, these accident reports have become invaluable.

Some climbing accidents involve random risk, things we might refer to as irreducible risk.

There’s always a certain amount of risk left over, even after you have thought of everything else.

It’s just part of living, and climbing comes with varying levels of this risk.

But a whole bunch of accident reports include stories about people who, in hindsight, could have avoided their mistakes.

Reading these reports helps me identify things I might otherwise have done simply because I didn’t know better.

For instance, on this last trip, I was bringing my daughter with me, so I felt a heightened awareness about risk.

One report indicated we shouldn’t descend via a particular gully even though it looked quicker on the map.

During the winter, it’s full of snow and a faster path down the mountain.

But during the summer, it’s wet and dangerous because of a waterfall that forms.

The mistake was understandable. One of the climbers in the report took this route during winter.

To the best of his knowledge, there was no reason his group couldn’t descend via the gully in summer, too.

Because of this report, I avoided making the same mistake.

Imagine if I had been climbing with someone who had also made a similar winter descent.

Without that report, I wouldn’t know to avoid the gully during the summer.

I will continue to make mistakes, both in climbing and in life.

Other people will continue to make mistakes, too.

Luckily, there are plenty of “accident reports” we can read to learn from those mistakes money debt

I think about this opportunity often when I hear people predict with complete confidence that they would never be so stupid as to run up a lot of credit card debt.

They would never be so stupid as to take out an interest-only mortgage.

They would never be so stupid as to trust the guy guaranteeing double-digit returns — no matter what the markets have done historically.

We forget that even the smartest people can make mistakes.

The really smart people, however, understand this reality and seek out their own accident reports to help them avoid future mistakes.

Sometimes, it means reviewing our past behavior to see why we did what we did and how we can avoid similar mistakes in the future.

Whatever the process, it will require humility.

That seems less weird, and more wise, than sticking with the story that we are too smart ever to make a mistake.



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Carl Richards

About

Carl Richards is a Certified Financial Planner and a columnist for the New York Times, Morningstar magazine and Yahoo Finance. He is author of 2 books, The Behavior Gap & The One-Page Financial Plan. Carl lives with his family in Park City, Utah. You can find his work and sign up for his newsletter (which has an international audience) at www.behaviorgap.com/


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