Courage And Confidence

I had a meeting with a friend yesterday where we discussed the key ingredients for successfully developing new ideas/startups etc. In particular, the differing roles that emotions and logical thinking play in making decisions that stick.

This brought to mind a recent post by Ed Batista on the difference between confidence and courage:

We may utterly lack confidence–we may even suspect that failure is a near-certainty. But that determination has no bearing at all on our ability to be courageous in the face of those long odds. The issue isn’t the likelihood of failure–the issue is the relative cost.

The key to untangling this confusion lies in understanding these two qualities and how they differ: Confidence is a calculation of the odds of success. Courage is a calculation that the cost of not trying is higher than the cost of failing.

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