05/21/2012 12:14 pm ET

Barbara Walters Examines Leadership With Yale Class Of 2012

ABC News' Barbara Walters delivers a punchy speech to Yale's class of 2012. She discusses her experiences interviewing world leaders on the topic of leadership, what it means to follow one's bliss and how to live with failure.

She quotes Christopher Reeves on a day when he was hospitalized and considering death. Robin Williams, dressed as a proctologist, instructed him to turn over, and Reeve responses, "If I can laugh, I can live."

Check out the gems in this speech and visit the Commencement Central page for others.

Take a look at our commencement 2012 list of commencement speakers. Which speeches would you most want to hear?

round 2 of commencement speakers