Also, I don't view the Peter Principle as necessarily bad. How do I know my peak level without going beyond it? And, without going beyond, how do I continue to grow? Will I eventually reach some level that I can't go beyond no matter how much effort I put in? I'm sure I will, but I haven't yet so keep going.
4-5 years before founding TSMC, he was forced resign from Texas Instruments after 20 years there and then got fired or pushed out from 2 other companies in a few short years.
He finally and unexpectedly hit the jackpot after this, but it could have ended a lot worse.
Growth rarely seems to be something linear or predictable. There can be lots of ups and downs, of things that seem like contractions and setbacks, instead of growth.