The point is every good pilot should think of these kind of situation,and should know what to do when this kind of failure occurs in order to reduce the element of surprise which is a killer at times.
You should know what you have when you elect to stop or continue.
Can I fly the aircraft or should I stop it , fraction of seconds counts.And every pilot needs to improve his technical knowledge to know what he has left to operate the aircraft . Remember that you are paid to make sound decisions,and you are trusted with a huge responsibilty to act at the unexpected situations.You should know the penalty for stopping with various failures, its all in the books, you should always encourage task sharing and improve your communication skills.These kind of situation has nothing to do with old or new timers,as much as it has to do with good versus poor decisions.