How fast do you rebound? How quickly do you recover?

The same event can happen to two different people, yet one may recover faster, and move on to achieve greater things, while the other may take much longer to gather himself and get back on his feet.

In credit risk management, particularly in Expected Credit Loss (ECL), there is a concept called the recovery rate. It measures the extent to which a lender can recover its exposure after a borrower defaults. The higher the recovery rate, the lower the expected eventual loss.

Life is not so different.

Setbacks happen. Plans get disrupted. Deadlines are missed. Targets sometimes fall short. Sometimes, things simply don't go as planned.

But perhaps what matters even more than the setback itself is what happens afterwards.

Do you stay down? Do you keep mourning what happened? Do you allow the setback to define your next chapter?

Or do you get back up and move forward?

It's okay to cry. It's okay to feel disappointed.

But there comes a time when you have to wipe your face and move on to the next.