People say it is ok to lose. And it is ok if we bounce back quick. But I believe the later in life you lose, the better it is. Not losing would be best, although an unavoidable task. Because those who win all the matches leading to finals- say upto semis- but lose finals still wins silver (2nd place) at olympics or any sporting event. It is far better than one who had lost semis but has won 3rd place playoff to get bronze. Rather win gold because you seed/rank better for next tournament and your likelihood of winning increases in next tournament as you have to face less challenging opponents in the initial rounds. You get in an easy draw. And if tournament is not about a draw but a series of single races like F1. You will be on a pole position if you win the qualifications.
So, win early win big, early winners are big gainers.