Harvard Magazine has a transcript of J.K. Rowling’s commencement speech where she talks about benefits of failure and the importance of imagination. Her speech is elegant, humorous, very inspiring and a must read. Here are a few quotes from her speech:
“So why do I talk about the benefits of failure? Simply because failure meant a stripping away of the inessential. I stopped pretending to myself that I was anything other than what I was, and began to direct all my energy into finishing the only work that mattered to me. Had I really succeeded at anything else, I might never have found the determination to succeed in the one arena I believed I truly belonged. I was set free, because my greatest fear had already been realised, and I was still alive, and I still had a daughter whom I adored, and I had an old typewriter and a big idea. And so rock bottom became the solid foundation on which I rebuilt my life.”
“…You will never truly know yourself, or the strength of your relationships, until both have been tested by adversity. Such knowledge is a true gift, for all that it is painfully won, and it has been worth more to me than any qualification I ever earned.”
“Given a time machine or a Time Turner, I would tell my 21-year-old self that personal happiness lies in knowing that life is not a check-list of acquisition or achievement. Your qualifications, your CV, are not your life, though you will meet many people of my age and older who confuse the two. Life is difficult, and complicated, and beyond anyone’s total control, and the humility to know that will enable you to survive its vicissitudes.”
“One of the many things I learned at the end of that Classics corridor down which I ventured at the age of 18, in search of something I could not then define, was this, written by the Greek author Plutarch: What we achieve inwardly will change outer reality.”

great speech! you might like this one…
http://www.utexas.edu/events/honorsday/2005/speech.html
Yes, I was a good speech, it was nice of her to share her experience and how she managed to put herself together. Stories on how one over come failure is much more instructive than just talking about successes.
I was there for my son’s graduation. JK got more attention than Bernanke!
regards,
Frank