With my graduation pretty imminent (all things going well), I've been reading up on job hunting/interviewing techniques etc. etc. and came across this interesting comment thread via Hacker News, discussing the value of experience. I think one poster in particular hit the nail on the head:
Judgement comes not from success, but from failures. Most companies want to hire people that have had their failures paid for by previous companies
It's an interesting point to make that in order to achieve success, one must first experience failure. I sometimes find myself choosing the 'easier path' so as not to fail, but it's this failure which causes us to constantly evolve and grow.
Even the most skilled don't achieve success without a proportional amount of failure. This is how good judgement is earned.