One advantage of abundant capital is that a first attempt that does not produce the intended result need not end the effort. The available capital can absorb the cost of that outcome and leave room for another attempt, potentially under better conditions.
But the second attempt may begin before the first has yielded a clear lesson. Even if the second one produces a better result, that improvement may reflect more capital, stronger advisers, better execution or different circumstances. Did attempt two reflect what was learned from attempt one—or simply that resources were available to try again?
At the same time, a poor first result does not necessarily mean the original judgment was poor; a sound decision can still produce a disappointing outcome because of timing or external circumstances. The better test is whether we can explain what changed, why it mattered, and what we would carry into the next decision.
The advantage is that abundant capital can give us another chance. The discipline is to make sure the learning is not postponed just because that chance is available.