I think we both made mistakes.

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We should both acknowledge our mistakes.

It's common for us to make errors occasionally.

Did you make any mistakes in your work?

If we hadn't made those mistakes, the outcome would have been different.

I believe we both committed errors.

I think we both messed up.

We both made wrong choices.

Committed errors or wrongdoings.

Both of us; including myself and the other person.