What did Bilbo admit when he was describing his adventures?

Bilbo admitted that his adventures were not just filled with bravery and heroism; they also included moments of fear, uncertainty, and self-doubt. He reflected on how he often felt out of place and underestimated, yet those experiences shaped him into a more courageous and wise individual. Ultimately, Bilbo acknowledged the personal growth he achieved through his journey, despite the challenges he faced.