Being afraid of something can cause us to make the exact wrong decision because fear is bad advice. In business, it might be a sign that you should do the opposite of what you’re afraid of.
For example, if you don’t want to tell your investors that things aren’t going well because you are afraid you will lose their trust, you probably should tell them and it will gain their trust.
(This doesn’t apply to physical danger, you should probably trust your fear of, say, a mountain lion)
From Lenny’s Podcast with Matt Mochary.
See also:
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In Venture, You Can Only Lose 1x Your Money
Venture capitalist Bill Gurley, when talking about losses reminds people that a fund can lose it’s money 1x on a failed investment in a business that goes under but can miss out 10,000x if they fail to invest in a big winner.
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Smart People Don’t Like Taking Chances
Smart people don’t like taking chances because they are afraid of being wrong.
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It’s obvious that living life without fear is a good thing, but what about life without hope?