Are good books made in revision rather than in a fast first draft?

Axis: books are made in revision ... the first draft is the book

John

date	change	position	video
2009-11-02	new	John argues that no great book is written in a month or in a first draft; books are made in revision, as his own novels show.	NaNoWriMo!!! 00:01:29
2010-05-10	restate	John tells a viewer to rewrite half her novel: he cut 55,000 of 62,000 words from his own book, and all writing is rewriting.	Advice on Dumb Boyfriends, Going to College, and More 00:00:59