Well I'm never happy when we lose but I'm fully immune to it I expect it even against the weaker teams even if we're 4-0 up, so it doesn't hurt me like it did before.
If it was as simple as missing out on the CL- The CL is nothing these days even if we get into the groups it's only delaying our exit.
If it was as simple as finishing 17th- We've been mid table for so long who cares.
If it was as simple as not winning any trophy- Ditto.
Fact is it's not as simple as that, the board and Wenger sure as hell don't care, all the board care about is profit and all Wenger cares about is being Dr Moreau being left alone on his island to his mad experiments, so it's left to us as the only ones who care.