different long-term impact

I believe it is important to separate good failures from

bad failures. Good failures happen when, even though you

made the correct decision, you still lost. Bad failures

happen because you made bad decisions, or worse, didn't

make a decision at all. Although the two feel the same,

they have a completely different long-term impact.

I'm a novice poker player. One of the first things I

learned was that there were good wins and bad wins. Good

wins were because you had a sound strategy of betting

where the odds were in your favor. Bad wins happened when

you just got lucky. Going all-in on a 2-7 off-suit might

win the hand. But it doesn't mean you're a good poker

player.