Failure in what you like is better than success in what you hate. It is better to fail in something you like than to succeed in something you hate. Excuse me: lost here is the past tense of lost, but why doesn't win use won?
I don't know who first said this philosophical "famous saying" and who translated it into English. According to my search, no one abroad said that, and no one used it that way.
As far as all the dictionaries around me are concerned, lost has not been used as the prototype of verbs. It is a past tense, a past participle, and can also be used as an adjective.
If this sentence is said by an influential celebrity, even if it doesn't conform to the current grammar (morphology), as long as everyone believes it, more than 80% of people in China have said it, because there are many people, and foreigners have followed suit. Just like Long Time No See, this lost can be used as a prototype of a verb, which will be included in a new dictionary, and this sentence will be accepted by a book called "Quotation Sharing World Classics". This is a new grammar!