The Economist: The magic and the minefield of self-confidence
Confidence is a double-edged sword. It can inspire success, boost influence, and predict entrepreneurial achievements, as studies show. Yet, unchecked confidence can lead to costly errors, poor decisions, and missed reality checks. For managers, the key is balance: overconfident individuals benefit from guardrails, while self-doubters thrive with encouragement. Confidence, whether innate or cultivated, holds transformative power—but it must be tempered with self-awareness and a willingness to adapt for lasting impact.
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From The Economist, published under licence. The original article can be found on www.economist.com
© 2024 The Economist Newspaper Limited. All rights reserved.
The Economist
Self-doubt, hubris and everything in between ___STEADY_PAYWALL___