Many of us here have discussed how much can be learned from failure, and how relatively little can be learned from success.
Thus it is gratifying to see the child of Memphis and legendary hedge fund owner Paul Tudor Jones delivering a 9th Grade graduation address to the "Buckley Boys" in which he declined to discuss the recommended sanctimonious topic of "service" and instead spoke about the value of failure.
Good on him. Almost all of my wisdom has come from my errors and failures - whether personal or professional. Read his speech, and invite your kids to read it too.