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I guess my biggest failure was not getting reelected. [The loss taught me] not to ever let American hostages be held for 444 days in a foreign country without extracting them. I did the best I could, but I failed.

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A failure is a man who has blundered but is not able to cash in on the experience.

Perhaps I lost as a politician, perhaps my self-confidence played a trick on me because I did not recognize the double threat – from zealots and radicals, and from reactionaries in my immediate surroundings. Nonetheless, perestroika won. A relapse into the past is out of the question.

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Don’t be afraid to fail. The greatest failure of all is not to act when action is needed.

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