The Great Melbourne Telescope is widely regarded as a failure in its first life at Melbourne Observatory. Previous writers have proposed various combinations of reasons for this calamity. These reasons include inadequate acceptance testing at Dublin, unauthorised mechanical modifications and improper cleaning of the mirrors, excessively long focal length, use of speculum metal for the mirrors, friction in the mirror support system, failure of repolishing attempts, wind induced vibration, the use of a roll-off roof building instead of a dome, airborne dust, unsuitability for photography, poor performance of the staff, precedence given to visitors, poor climate, and inappropriate tasking. Re-examination of the available evidence indicates that some of these factors did not matter or did not even apply. Although the remainder generally did not help, they were certainly not the main problem. The GMT was not a failure at all; far from it. Its management was the real culprit.