When it comes to investing, these guys have had their fair share of failures.
Self-made millionaires Michael "Rooster" McConaughey and Wayne "Butch" Gilliam, veterans of the oil-and-gas pipeline industry, know what it's like to lose and lose big.
Gilliam and McConaughey are no strangers to making mistakes, but they have found a way of tempering their losses.
"It's kind of like the stock market," Gilliam said. "That's why you diversify. You don't put all your eggs in one basket … some things's gonna go good, some are gonna be in the middle and some are gonna excel. And hopefully at the end of the day, when you add it all up, you know, you're ahead of the game."