“trade and wealth creation is not all upside. It is failure, too.Failure is a necessary component to growth and success. Babe Ruthstruck out 1,330 times but also hit 714 home runs. We need to letfailing entities fail. Only then will successful people turn these enterprisesback into wealth-creating vehicles again. “Too big to fail” is aconcept that perpetuates failure and saps vitality from the rest of thewealth creators to do so.”

“Failure is so important. We speak about success all the time. It is the ability to resist failure or use failure that often leads to greater success. I've met people who don't want to try for fear of failing.”

“So you think that you're a failure, do you? Well, you probably are. What's wrong with that? In the first place, if you've any sense at all you must have learned by now that we pay just as dearly for our triumphs as we do for our defeats. Go ahead and fail. But fail with wit, fail with grace, fail with style. A mediocre failure is as insufferable as a mediocre success. Embrace failure! Seek it out. Learn to love it. That may be the only way any of us will ever be free.”

“Failure is not a pre-requisite for success. Already successful entrepreneurs are far more likely to succeed again than who failed”

“If you try to be anyone but yourself, you will fail; if you are not true to your own heart, you will fail. Then again, there's no success like failure”

“The surest path to success is to learn to have a healthy relationship with failure. If we aren't failing, then we aren't doing anything interesting.”