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I think it's a great phrase, especially for those who think that to be successful they can't fail.
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One of my professors used to say, "There's nothing easy about success; it has a lot of failures," and that's something I still struggle to understand since I see so many successful people so quickly...
We don't know how many times someone has failed to create something unique; that's a fact. That includes the simple things we take for granted today, like cups or even pens!