“When you win, do not gloat. When you lose, bleed profusely.”
This is interpreted to mean to study your losses closely to determine why did you lose? What can you learn from it? What would you do differently? Did you maintain grace under fire? Are you still credible? Are you still respected? Did you lose graciously? You will learn far more from losses than victories.
Cite: Ashworth, Kenneth (2001) CAUGHT BETWEEN THE DOG AND THE FIREPLUG: or How to Survive Public Service, Washington, DC, Georgetown University Press