A character trait that Americans tend to admire is the notion of the second chance, learning from a failure and then modifying the actions of your future self so that mistake does not happen all over again. Oftentimes, it’s hard to see: Take someone like Donald Trump. He is often criticized for his history of bankruptcies. That is a fair criticism. But a complete analysis would taken into account how he has modified his behavior: He now runs everything through dozens of holding companies, has over $350 million in cash against $264 million in debt, and could sustain a 75% drop in revenue at his golf courses before the secured property payments would exceed what he is bringing in. To go bankrupt before he dies, Donald Trump would have to drastically alter his current financial arrangements.