Ranjay Gulati
👤 SpeakerAppearances Over Time
Podcast Appearances
To understand that, you have to understand that where does fear originate?
Fear is a primal survival instinct.
human emotion.
It's hardwired in the brain, in the amygdala, in the primitive brain.
And it originates from what is called uncertainty.
What is uncertainty?
Uncertainty is not risk.
Uncertainty is where we don't know.
Risk is where you can look at the distribution of outcomes, put probabilities on them, say 10% chance of this, 30% chance of that.
You kind of like lay it out.
The entire field of finance is based on risk, risk management, risk adjudication, all that stuff.
Uncertainty is where you don't know.
One of the worst words you can use to describe somebody is coward.
Well, cowardice is a normal response, running away.
Survival.
Yeah.
If you look at our ancestors, Mike, most of our ancestors were not brave.
The ones who were brave didn't make it.
The ones who made it were the ones who ran and hid when there was danger.
Sometimes.