How Winners Pivot from Setback to Success

By Rick Newman
(Ballantine Books, Hardcover, 9780345527837, 225pp.)

Publication Date: May 1, 2012

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Let’s face it: Setbacks happen, and failure is always a possibility. But here’s the good news: Amazing success has been achieved by people who once fell flat on their faces. The secret lies in how we respond to life’s bumps and pot holes and unwelcome detours—from getting fired or losing a business to enduring a professional rejection or pursuing a passion that fails to pan out. Misfortune, it turns out, can be a springboard to success.
In Rebounders, U.S. News & World Report journalist Rick Newman examines the rise and fall—and rise again—of some of our most prolific and productive figures in order to demystify the anatomy of resilience. He identifies nine key traits found in people who bounce back that can transform a setback into the first step toward great accomplishment. Newman turns many well-worn axioms on their head as he shows how virtually anybody can improve their resilience and get better at turning adversity into personal and professional achievement.
• Setbacks can be a secret weapon: They often teach vital things you’ll never learn in school, on the job, or from others.
• There are smart ways to fail: Once familiar with them, you’ll be more comfortable taking risks and less discouraged if they don’t pan out.
• “Defensive pessimism” trumps optimism: Planning for what could go wrong is often the best way to ensure that it doesn’t.
• Know when to quit: Walking away at the right time can free the resources you need to exploit better opportunities.
• “Own the suck”: When faced with true hardship, taking command of the pain and sorrow—rather than letting it command you—lays the groundwork for ultimately rising above it.
Each lesson is highlighted by candid and inspiring stories from notable people, including musician Lucinda Williams, tennis champ James Blake, inventor Thomas Edison, army veteran and double-amputee Tammy Duckworth, and Joe Torre, former manager of the New York Yankees.
In this uncertain and unstable time, Rebounders lays out the new rules for success and equips you with the tools you need to get ahead and thrive.

About the Author
Rick Newman is a columnist for Yahoo Finance, the largest financial news site on the Web, which reaches millions of prosperous and well-informed readers around the world every day. He is a leading authority on the turbulent economic transformation that is upending American society and remaking the middle class. In addition to his regular journalism, Rick's insights have made him a popular TV and radio commentator who has appeared on many major news networks, including CNN, MSNBC, CBS and C-Span, as well as on numerous local radio stations including NPR. He has previously served as Chief Business Correspondent for U.S. News & World Report, where he wrote frequently about globalization and digital technology, the two powerful trends that have created a social and economic revolution. Much of Rick's work at U.S. News was syndicated across the Web on prominent sites such as Yahoo, MSN, RealClearPolitics, and others.
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