The speaker trusted a partner with the finances for a new gym venture, but the partner stole the money by claiming a false agreement. The partner refused to look at bank statements when confronted, indicating deception. Despite prior knowledge of the partner's indictment for fraud, the speaker believed his explanations. This experience taught the speaker a valuable lesson about trusting others and highlighted the importance of having a trustworthy partner. The speaker acknowledges his partner's excellent ability to judge character, contrasting his own tendency to be overly trusting.

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