Earlier quoted context omitted.
That's the magic of monads: the errors are all handled for you (in an encapsulated, lossless way), and you can deal with them (if you choose) at the end of the chain, just the same as promises (because promises are a monad).
The same can be said of exceptions. However, my comment above had nothing to do with how you handle errors, it was about the unsoundness of comparing code that handles errors to code that doesn't.
For clarification, the error is handled implicitly (but you'd know what kind of error it was due to the type signature), but you can always handle it in manner you choose to at any point.