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Bussgang
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When I was a product manager, I used to lead post mortems after every release - probing on important questions like "What'd we do wrong?", "Why" and "What are we going to do differently next time?". We've continued that tradition at Flybridge when deals go bad - a discussion led by the lead GP - and found it quite useful. Perhaps others have similar frameworks for continuous learning. As you point out, this is a very long term business - it takes 10-15 years to see a few cycles and really learn from them.
Toggle Commented Dec 29, 2009 on DC-8s and Tigers and GPs! Oh my! at Super LP