You summarized your own though very well. You clearly missed the point.
Jaffe was taking about people that will ditch the value of a creative or executive person as soon they fail at something, like they aren't of any value anymore. There CLEARLY is such a tendency, at least in the american society. As soon as a successful person makes a mistake, we ditch them, like it was impossible for them to not be great. Well, real like is that exceptional people are taking exceptional risk and also encounter as much failure as normal people. Its just that they never did let a failure get the best of them and they always continued. They never gave up and got other successes. That's how life is and some people tend to forget it. So what you're babbling about here got nothing to do with Jaffe's saying, he just saying not to ditch Iwata because of the failure of the WiiU and he thinks there's also of great potential left into him.