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The real difference is the master welcomes failure and learned from it whereas the beginner might find failure to be an actual failure instead of a mere stepping stone towards success. It is impossible to avoid failure but it is possible to make the best out of each failure.
The project owner's main focus is on the success of the project, and make it happen, however the scrum master's main focus is on the team and its development. Two different things which cannot be done successfully by one person at the same time. On the other hand there is the time issue.