Comebacks are proving out that a career edge comes with screwing up.
Eliot Spitzer is gaining plenty of positive media coverage and deep-pocketed support after he announced he is attempting a return to public office. Now Bill Lerach, who served a couple of years in prison for securities fraud, might be teaching a course on the subject at the University of California Irvine School of Law. The title of the course is tentatively listed as: REGULATION OF FREE MARKET CAPITALISM - WHY HAVE WE FAILED?
Just as WIRED predicted, failure is a competitive advantage. Why not. After all we live in a volatile economy. Those who fail seem to learn unique things about themselves and the world. In its special coverage of the subject, WIRED lists comebacks who attribute their later success to defeat. They include Bill Clinton and Alec Baldwin.
Perhaps we should loosen up, take more risks, and if we do fall on our face, then pick ourselves up and figure out how to position and package that setback.
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