Failure is not a single, cataclysmic event. You don't fail overnight. Instead, failure is a few errors in judgement, repeated every day.
Property may be destroyed and money may lose its purchasing power; but, character, health, knowledge and good judgement will always be in demand under all conditions.
Good judgement comes from experience. Sometimes, experience comes from bad judgement.
The only justice is to follow the sincere intuition of the soul, angry or gentle. Anger is just, and pity is just, but judgement is never just.
David Herbert Lawrence
There are thus great swathes of the past where understanding is more important and reputable than judgement, because the principal actors performed in line with the ideas and values of that time, not of ours.