Use it to reflect on a positive side of a mistake or bad experience. I missed the deadline, but I've learned to manage my time better now. You live and learn.
Pro Tip 2/3
Humble Admission
Express that you've gained wisdom or knowledge through experience. I used to be quick to judge, but interacting with diverse people changed my perspective. You live and learn.
Pro Tip 3/3
Encouraging Words
Offer comfort or motivate someone after a difficult or embarrassment. So you stumbled during your speech – it happens to everyone. You live and learn!