In June 2008, J.K. Rowling gave this delightful and insightful commencement speech recognizing the upside of failure. J.K. Rowling Speaks at Harvard Commencement from Harvard Magazine on Vimeo. How is failure essential? Rowling told the audience that it "strips away the unessential" and sets us free to see what really matters. Rock bottom can become "a solid foundation." In fact, she urged that it is "impossible to live without failing at something." Rowling's 20-minute talk is filled with nuggets of wisdom, and illustrated with stories about people with the courage to freely think and act, as well as those who dared to value empathy more than "rubies."