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The Up Side of Down
- Why Failing Well Is the Key to Success
- Narrated by: Mia Barron
- Length: 10 hrs and 38 mins
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Publisher's summary
For fans of Drive, Outliers, and Daring Greatly, a counterintuitive, paradigm-shifting new take on what makes people and companies succeed.
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, Megan McArdle argues in this hugely thought-provoking book, you have to learn how to harness the power of failure. McArdle has been one of our most popular business bloggers for more than a decade, covering the rise and fall of some the world' s top companies and challenging us to think differently about how we live, learn, and work. Drawing on cutting-edge research in science, psychology, economics, and business, and taking insights from turnaround experts, emergency room doctors, venture capitalists, child psychologists, bankruptcy judges, and mountaineers, 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. So how do you reinvent yourself when you are down? Dynamic and punchy, McArdle teaches us how to recognize mistakes early to channel setbacks into future success. The Up Side of Down marks the emergence of an author with her thumb on the pulse whose book just might change the way you lead your life.
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The government is not a neutral arbiter of truth. It never has been. It never will be. Doubt everything. John Stossel does. A self-described skeptic, he has dismantled society's sacred cows with unerring common sense. Now he debunks the most sacred of them all: our intuition and belief that government can solve our problems. In No, They Can't, the New York Times best-selling author and Fox News commentator insists that we discard that idea of the "perfect" government - left or right - and retrain our brain to look only at the facts, to rethink our lives as independent individuals - and fast.
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Great Book, Must Listen
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The Plateau Effect
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The Plateau Effect is a powerful law of nature that affects everyone. Learn to identify plateaus and break through any stagnancy in your life - from diet and exercise, to work, to relationships. The Plateau Effect shows how athletes, scientists, therapists, companies, and musicians around the world are learning to break through their plateau - to turn off the forces that cause people to “get used to” things - and turn on human potential and happiness in ways that seemed impossible.
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Heath
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In a series of illuminating, often surprising experiments, MIT behavioral economist Dan Ariely refutes the common assumption that we behave in fundamentally rational ways. Blending everyday experience with groundbreaking research, Ariely explains how expectations, emotions, social norms, and other invisible, seemingly illogical forces skew our reasoning abilities.
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Good lessons, mediocre science?
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For the past few decades, Americans have spent billions of dollars on personal finance products. As salaries have stagnated and companies have cut back on benefits, we've taken matters into our own hands, embracing the can-do attitude that if we're smart enough, we can overcome even daunting financial obstacles. But that's not true. In this meticulously reported and shocking audiobook, journalist and former financial columnist Helaine Olen goes behind the curtain of the personal finance industry to expose the myths, contradictions, and outright lies it has perpetuated.
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The dark side of my industry
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The Behavior Gap
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Why do we lose money? It's easy to blame the economy or the financial markets - but the real trouble lies in the decisions we make. As a financial planner, Carl Richards grew frustrated watching people he cared about make the same mistakes over and over. They were letting emotion get in the way of smart financial decisions. He named this phenomenon - the distance between what we should do and what we actually do - "the behavior gap". He found that once people understood it, they started doing much better.
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Average across the board
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Nobody who works hard should be poor in America, writes Pulitzer Prize-winner David Shipler. Clear-headed, rigorous, and compassionate, he journeys deeply into the lives of individual store clerks and factory workers, farm laborers and sweat-shop seamstresses, illegal immigrants in menial jobs and Americans saddled with immense student loans and paltry wages. They are known as the working poor.
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Textbook Perfect Discussion of the Problem
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Today, number crunching affects your life in ways you might never imagine. In this lively and groundbreaking new audiobook, economist Ian Ayres shows how today's best and brightest organizations are analyzing massive databases at lightening speed to provide greater insights into human behavior. They are the Super Crunchers.
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Great book on
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Everyone knows "what's wrong with millennials". Glenn Beck says we've been ruined by "participation trophies". Simon Sinek says we have low self-esteem. An Australian millionaire says millennials could all afford homes if we'd just give up avocado toast. Thanks, millionaire. This millennial is here to prove them all wrong.
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A devastating dream of revolution
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A bold new remedy for the sprawling and wasteful health care industry. In this provocative book, Jonathan Bush, cofounder and CEO of athenahealth, calls for a revolution in health care to give customers more choices, freedom, power, and information, and at far lower prices.
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No critical thinking
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How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualities yet never earn much. In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine.
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Not what is advertised
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The Conservative Heart
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- Unabridged
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In The Conservative Heart, Arthur C. Brooks contends that after years of focusing on economic growth and traditional social values, it is time for a new kind of conservatism - one that helps the vulnerable without mortgaging our children's future. In Brooks' daring vision, this conservative movement fights poverty, promotes equal opportunity, celebrates earned success, and values spiritual enlightenment. It is an inclusive movement with a positive agenda to help people lead happier, more hopeful, and more satisfied lives.
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Outstanding recitation of conservatism!
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By: Arthur C. Brooks
What listeners say about The Up Side of Down
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- Susan
- 08-20-15
Everyone should read this book
What did you love best about The Up Side of Down?
The information in this book is useful in the classroom, in the work environment, in personal budget planning and in life in general. It was useful and inspiring.
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- George Sheldon
- 09-19-18
M. McArdle is a star. Dares to think; can write.
This is fundamentally a story about learning. Valuable personally and also interesting from a policy wonk perspective. The tone of the narrator is OK to good. The story is excellent.
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- Marie
- 11-02-14
Perfect is the enemy of the good
I totally recommend this book to parents, people starting a business, heck everyone.
The author uses personal and other anecdotal stories to tell a bigger story of how we are forgetting that we learn from our mistakes and not making mistakes or the effort to prevent mistakes does us no favors. One was that of bankruptcy. In America you can start a business, fail, go bankrupt, and later try again (hopefully learning from the 1st effort). In other countries you only get to fail once, with sad results for the country as a whole.
The narration coupled with the story made this audiobook a good listen. it was informative and a little entertaining.
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1 person found this helpful
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- Anonymous User
- 02-08-21
Changed My For The Better
I don’t think I will view my life in quite the same way again. That’s for your time spent failing Mrs. McArdle!
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- Ernest
- 09-16-14
Some good ideas. No miracles.
Any additional comments?
Not enough answers and solutions. The book uses several examples I have read before and some new ones. There are some good recommendations on how to view different situations. I am glad I listened to this book but I had hoped for some new ideas on dealing with problems. If you have read several books on this subject, don't expect a lot of new information. On the other hand it is a good overall picture of how to deal with and view failures. If you are new to this subject matter this book is a good choice.
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1 person found this helpful
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- Ellen
- 10-10-18
Great news! We have freedom to try and even fail.
Loved the balanced, expertly argued approach to taking a risk, and being ok with the outcome. Thanks, Megan!
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- Cynthia
- 09-15-14
Successful Failures
'm not a 'B-School graduate'. My undergraduate degrees is in Business Administration. It's from a prestigious private university. I could have chosen to go on to get a Master's from the same place. Instead, I chose to get a Juris Doctor, and I've been a litigator ever since.
Do I want to manage people? Unless it's a trial team assembled on an ad hoc basis, I would rather clean tile grout with a toothbrush. I still love the theory of business management. I've been following it for the last quarter century. I work for a Major Company (you've heard of it) and I get to watch how the theories come and go, from the managed point if view.
Some trends are a flash, or so radical they won't happen for at least a generation - but it Is fun to watch management try the ideas. Adam Grant's "Give and Take: Why Helping Others Drives Our Success" (2013) is an example. Nice idea, but it didn't work for the Soviet Union (1922 - 1991) and it's not working now. It might eventually - but the world's leading economy, the United States, and it's business leaders aren't at the tacit socialism Grant proposes.
Megan McArdle's "The Upside of Down: Why Failing Well Drives Our Success" (2014) discusses a "trend" that's working well, from the perspective of the managed worker: learning from failure. I'm using "trend" in quotes because it sounds like a facile lesson, but it's really not. It's also not new - "Billion Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Years" (2008) is a wonderful book on the same subject by Paul B. Carroll and Chunka Mui.
After discussing Old Coke/New Coke (THE quintessential B-mistake), "The Upside of Down" and "Billion Dollar Lessons" talk about different failures; the ways to approach and analyze them; and their causes.
McArdle distinguishes an accident as "while there's lots of things you could have done differently, there's nothing you should have done differently" (Chapter 5 on Audible) and "failure" as a "mistake, performing without a safety net." It's a good way to distinguish them. McArdle emphasizes that a lot of mistakes are the result of large, well funded research that carefully asks exactly the wrong questions, or asks the right questions in the wrong situation.
"The Upside of Down" is thought provoking, but there's an issue that I'd like to see addressed more fully: how to create an atmosphere where employees aren't subtly - or sometimes even overtly - required to hide mistakes, especially those that can compound and result in failure. After all, even one of the world's most successful investors, Warren Buffett, reported an $873,000,000 investing mistake to shareholders May 1, 2014. Referring to a bad investment, Buffett said, "Most of you have never heard" of the company, he wrote. "Consider yourselves lucky; I certainly wish I hadn't." What a no-nonsense way to share a problem without sharing the blame.
The Audible narrator was fine, but the editing was rough - there were some long pauses.
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9 people found this helpful
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- Jules
- 10-16-14
Insanely Inspiring
Would you recommend this audiobook to a friend? If so, why?
I LOVED this. Not only is the book awesome, the narrator is the epitome of awesomeness. The content and real life experiences of people are super interesting and made me feel like I could do anything. In order to be great you have to fail at some things first and that's ok. Awesome read.
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- Ray
- 05-21-14
Good Book
First of all, this isn't a self-help book (fortunately). Rather it is an interesting look at some solid research with the author's own failings as a minor backdrop.
Some of her examples seem to go a little far afield to make the point, but she manages to tie it all up pretty tightly before she's done. That a successful life requires a little friction isn't entirely new of course, but nothing in the book is tired or rehashed and all in all the reader walks away with some pretty good insight.
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20 people found this helpful
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- Wayne
- 11-24-15
The importance of failing well to success
There are a lot of possible ways to express the premise of The Up Side of Down. The one I like best is, "success is unlikely unless you first risk, and likely experience, failure". Failure is a great teacher. The concept is hardly new, but Megan McArdle provides so great examples from personal lives and businesses. McArdle is a journalist with an MBA degree. She currently writes a business and political opinion column each weekday for Bloomberg View. She has worked for the Economist, The Atlantic, and several other publications.
I first became of familiar with McArdle's work when two months after 9/11/2001 she worked to help clean up the WTC site and blogged about it in the evenings. I have followed her career since. She is responsible for Jane's Law of US politics; "The devotees of the party in power are smug and arrogant. The devotees of the party out of power are insane." She was blogging at the time under the pen name Jane.
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7 people found this helpful