Liverpool boss Jurgen Klopp handed out praise to Bournemouth who scored three goals in the final 15 minutes to beat the reds 4-3.
It was Liverpool's first defeat in any competition since August and leaves Klopp's side in 3rd place in the Premier League.
The reds, who booked a League Cup semi final place in midweek, started the game well taking a 2-0 lead at half time before a disappointing second half allowed the Cherries to get back into the game.
Speaking after the game Klopp said:
"First of all I have to say a deserved win for Bournemouth. A big fight from them. We gave the game away at a decisive point. We opened the door and they ran through and scored some wonderful goals. So that's the deserved result.
"Even when we are in the lead at 2-0 it's how we try to play football then we were static. We gave the game away because we didn't play football any more.
"If we learn it's OK. At 2-0 or 3-1 the game is not decided but the way we played after we gave it away. We gave Bournemouth the ball. These things happen.
"In football it can lead to a result like this. We have to learn from it.
But Klopp was keen to downplay any overreactions.
"It doesn't feel too good right now but sometimes we need it. Of course this can help us. No road is without rocks and stones.
"It's three points no more, these things happen. You cannot be champions in December, relegated, promoted or whatever. The base is pretty good but we need to use our quality more."
Liverpool's current tally of 30 points after 14 games is however the highest since Rafa's 2008/09 season in charge - a season in which Liverpool ended up with 86 points.