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A Lesson On Overcoming Self-Doubt

https://www.riskology.co/overcoming-self-doubt/

riskology.co

A Lesson On Overcoming Self-Doubt
The gist: Low self-esteem can grip all of us. And feeling self-doubt is part of being human. Understanding your psychology can help you overcome it. In 1911, a young man by the name of Harry was struggling with low self-esteem. He'd met a woman, Bessie, and they became friends.

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2 categories of doubt:

  • General doubt: uncertainty over things happening outside of and around you.
  • Self-doubt: uncertainty within yourself, about your own abilities and decisions. 
General doubt can be good when it forces you to think critically. But self-doubt almost always gets in your the way.

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Common characteristics of self-doubters:

Common characteristics of self-doubters:
  • They look for evidence that their abilities aren’t good enough.
  • They hold themselves to impossible standards
  • They overanalyze simple decisions. 
  • They make friends with people who reinforce their self-doubt.

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Trick your brain into tearing down self-doubt

Trick your brain into tearing down self-doubt
  1. Compartmentalize your decisions and don’t look back.
  2. Doubt your doubt.
  3. Shake your head when confronting doubt.
  4. Enforce time limits on your decisions.

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"He who hesitates is lost."

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Definiteness of Purpose

Real commitment is implementing the decisions made, even during a struggling phase of life.

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A life without Hesitation

  • When you make a decision or a plan of action, be in an energized state of mind.
  • Create various accountability and fail-safe mechanisms to remove any possibility of doubt.
  • Stick to your decision until it is done.

Using Decision Trees

  • Understand the different outcomes that could happen (both positive and negative)
  • Calculate the expected return or loss of each outcome
  • Attach a probability to each outcome
  • ...

Use Decision Trees 

Elon Musk uses decision trees to make big decisions (a tool that uses a tree-like graph or model of decisions and their possible consequences, outcomes, and resources). They are particularly useful for avoiding stupid risks and big bets that aren’t likely to succeed.

Most became a billionaire by making unlikely big bets, as their expected return statistically was much higher than safer bets.

Build Deep, Long-Term Relationships

One of the best ways to get information is not from just being better at searching Google, it’s from learning how to build a network and get the information you need through that network. 

This network should include people’s lessons learned and hacks, topics that are too sensitive to talk about because they make someone look bad, and tacit knowledge (knowledge that people have but aren’t able to articulate).