Meaning of the word "adversity and loss make a man wise" in English

What does "adversity and loss make a man wise" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

adversity and loss make a man wise

US /ədˈvɜːrsəti ænd lɔːs meɪk ə mæn waɪz/
UK /ədˈvɜːsəti ənd lɒs meɪk ə mən waɪz/
"adversity and loss make a man wise" picture

Idiom

Difficult experiences and failures teach people valuable lessons and help them gain wisdom.

Example:
After his business failed, he became much more cautious, proving that adversity and loss make a man wise.
She learned from her mistakes during the crisis; truly, adversity and loss make a man wise.