POINTS AND FIGURES: “Entrepreneurship is about a lot of things, and one of those things is failure. Instead of insulating ourselves from failure, we need to learn from failure.”

UPDATE: Reader Dennis Owens writes: “Unfortunately modern society, perfectly embodied in student loan debt, no longer allows people room to fail. Once you have a mortgage worth of unforgivable debt over your head, you no longer have the ability to take a low paying initial job to gain valuable skills, or take a risk and fail. This loss of margin of error has kept many people in my generation from taking the chances that are necessary for a thriving entrepreneurial society.”