A week or so ago, legendary trader and UVa alum Paul Tudor Jones gave the commencement speech to a ninth grade class at The Buckley School (an all boys school). He talks to them about Failure and the difficulties it presents but also its importance as a motivator and learning tool.
It is an excellent read.
As we so often do, TILB brings it to you first (see Ackman's GGP pitch and Ira Sohn notes).
Paul Tudor Jones - Failure Speech June 2009