Hung Upside Down

The Up Side of Down: Why Failing Well Is the Key to Success by Megan McArdle (Viking, $27.95, 299 pages)

Yes, it’s OK to fail as long as you learn from your failure and keep on trying. Megan McArdle advocates a remarkable approach to achieving mastery and success in The Up Side of Down, an unusually titled book that is part pop culture/psychology, part memoir, and contains a whole bunch of useful information.

The book opens with an easy-to-understand definition of failure. Building upon the definition, McArdle expands the reader’s knowledge base by exploring the way societies operate. Her examples are spot on (e.g., California’s disastrous electric power deregulation and the collapse of the Soviet Union). Both of these events resulted in catastrophic failures – contrary to the economic theory of “creative destruction.”

McCardles’s example of mastery and success is charming. She sets up scenarios where the results of teamwork exercises are compared. The comparison is between a group of kindergartners and teams of MBAs and engineers. The task assigned to these teams is the construction of a tower of spaghetti. You’ll need to read the book to find out which team won.

While the book has a lively mix of pertinent examples of failure in each chapter category (virtuous society, experimenters, crisis), the threads that tie them together are admittedly sketchy at best.

Well recommended.

Ruta Arellano

A review copy was provided by the publisher.

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Good Intentions

The Real Romney  by Michael Kranish and Scott Helman (Harper, $27.99, 401 pages)

“Looks like I’ve turned out like all the rest, but Mama my intentions were the best.”   Randy Travis

“A lot of it is, he is patrician.   He just is.   He has lived a charmed life…  It is a big challenge that he has connecting to folks who haven’t swum in the same rarefied waters that he has.”   A former aide, quoted in The Real Romney

I’ve now read two accounts of the personal and political life of Mitt Romney – adding up to some 664 pages – and yet I feel like the singer in Randy Travis’s song.   No matter how good my intentions are, I’ve not had any luck in finding out exactly who Mitt Romney is, in head or in heart.   I’m beginning to wonder if his biographers wind up with the same frustrated feeling.

What were his issues?   What did he believe?   Sure, he was against Kennedy, but what was he for?   In other words, who was Mitt Romney?

The team of Kranish and Helman, trained reporters for the Boston Globe, covered Romney as Massachusetts governor for four years; therefore, they have some background on the subject.   And the 400-plus page account that they’ve fashioned initially seems impressive – with annotations and a fine index – until it dawns on the reader that the subject of the book remains more of a specter than a human being.   Specter: something that haunts or perturbs the mind (Merriam-Webster).

What Kranish-Helman do well, fanatically well, is provide a “fair and balanced” approach.   There’s almost a mathematical precision to their balancing of “good” Mitt versus “bad” Mitt stories.   Let them provide a couple of examples in which Romney did admirable work based on his Mormonism, and they’re quickly followed by two stories of when he allegedly acted uncharitably – and perhaps heartlessly – toward two Mormon women facing personal struggles.   And when it comes to his work with Bain Capital, the stories of Romney’s “good” venture capitalism are quickly cancelled out by an equal number of tales of his practice of “bad” vulture capitalism.

“The goal of the investor in Bain Capital is to make absolute returns.   When they do well, Bain does well.   When Bain does well, they do well.   It is essentially capitalism at its finest – and its worst.”   Howard Anderson, MIT professor and former Bain investor

It all seems to verify the accounts that Romney is only the real Romney when he’s practicing his Mormon faith.   However, since that’s not something he’s comfortable either talking about or dealing with in public, it means that the person he is – or may be – remains hidden.   In reading The Real Romney, an image came to mind of the presidential candidate dressed in a Zorro-style costume – a man who wears a mask that’s never removed, and which never slips or slides for even an inch.

“After all the weeks and months of that campaign, if you ask ‘Why did Mitt Romney run for U.S. Senate, and what did he stand for?’ most people had no clue.”   Mitt Romney, as quoted by a fellow party member

There are entertaining sections of this nonfiction read, most notably those involving Romney’s seemingly foolish run against Ted Kennedy for the U.S. Senate (a race that Romney thought he had a chance of winning until the pre- and post-debate polls came out) and the details of his single term as governor.   The reporters also do an admirable job of explaining how Mitt’s life is almost a re-run of his father George’s life – both were elected as governor of a state at the age of 55, both were successful businessmen, and both ran for president.   In this respect, Mitt Romney sounds a lot like Al Gore, who was raised to accomplish the things that his senator father had not been able to.   Yet, it’s never clear in this account if Mitt Romney has the fire in his belly that will make him settle for absolutely nothing less than the presidency.

“When he’s with people he doesn’t know, he gets more formal.   And if it’s a political thing where he doesn’t know anybody, he has a mask.”

“He has that invisible wall between ‘me’ and ‘you’.”

Unless you’re the ultimate political junkie, there’s simply not enough here to justify reading 400 pages to find that the mask, the invisible wall, never comes down.   The question simply changes from, “Who was Mitt Romney” (past tense) to “Who is Mitt Romney?”   Based on The Real Romney (and on the previously reviewed Mitt Romney: An Inside Look at the Man and His Politics), it remains an unanswered question.

Joseph Arellano

A review copy was provided by the publisher.