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Never underestimate the man who overestimates himself.

Howard AhmansonDaily Journal Corporation Annual Meeting, February 12, 2020
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Overconfidence beats accurate helplessness

We tend to dismiss overconfident people as delusional—and often they are. But there's a strange alchemy that happens when someone genuinely believes they can do something difficult: that belief sometimes becomes a self-fulfilling prophecy. They try harder, persist longer, and don't talk themselves out of things before they've even started. Meanwhile, the more realistic person sits safely on the sidelines, accurately predicting all the reasons something won't work.

The catch is that overestimators often fail spectacularly. But they also fail forward. They attempt things that cautious people never will, which means they occasionally stumble onto wins that wouldn't have happened otherwise. It's not that delusion is a virtue—it's that the person who massively overestimates their abilities is at least playing a different game. They're taking swings. The realist might be right about the odds, but they're also guaranteeing their own stagnation.

This doesn't mean you should become reckless or delusional. It means recognizing that a certain amount of irrational confidence is actually a feature, not a bug, in anyone trying to do something that matters. The people who change things often started by overestimating what one person could accomplish.

The author

Howard Ahmanson

b. 1910

Howard Ahmanson was an American businessman and philanthropist, known for his role in the insurance industry and as a major financier of conservative and religious causes. He was the heir to the H.F. Ahmanson & Company fortune and played a significant role in promoting the influence of evangelical Christianity in American politics. Ahmanson's contributions extend to various initiatives in education and the arts, reflecting his commitment to his beliefs.

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