Talks & Entertainment

Most new products fail. So do most small businesses. And most of us, if we are honest, have experienced a major setback in our personal or professional lives. So what determines who will bounce back and follow up with a home run?

If you want to succeed in business and in life, Bloomberg View columnist Megan McArdle argues in The Up Side of Down: Why Failing Well Is the Key to Success, that you have to learn how to harness the power of failure.

Drawing on cutting-edge research in science, psychology, economics, and business, McArdle argues that America is unique in its willingness to let people and companies fail, but also in its determination to let them pick up after the fall. Failure is how people and businesses learn.

The Up Side of Down teaches us how to recognize mistakes early to channel setbacks into future success.