Howard Marks argues that declaring uncertainty is a sign of strength, not weakness. In important settings, saying "I don't know" signals that your ego is in check and thinking is robust. It makes people trust you more, not less, because it shows intellectual humility.
An AI that confidently provides wrong answers erodes user trust more than one that admits uncertainty. Designing for "humility" by showing confidence indicators, citing sources, or even refusing to answer is a superior strategy for building long-term user confidence and managing hallucinations.
When entering a new domain, don't feign expertise. Build trust faster by openly admitting "I don't know" and explicitly leaning on stakeholders for their subject matter knowledge. This positions you as a partner who values their expertise, rather than an outsider imposing solutions.
In high-visibility roles, striving for perfect communication is counterproductive. Mistakes are inevitable. The key to credibility is not avoiding errors, but handling them with authenticity. This display of humanity makes a communicator more relatable and trustworthy than a polished but sterile delivery.
True self-awareness involves publicly admitting your weaknesses. By openly stating what you're bad at (e.g., 'I suck at 99% of things'), you build immense credibility and trust when you then declare your strengths. This approach validates your expertise in your core competencies.
True growth and access to high-level opportunities come not from feigning knowledge, but from openly admitting ignorance. This vulnerability invites mentorship and opens doors to conversations where real learning occurs, especially in complex fields like investing, which may otherwise seem like a "scam."
When a client offers harsh, fundamental criticism during a pitch, the best response is not to defend the work but to acknowledge the miss. One CEO won a pitch by immediately conceding the point and offering to re-pitch, demonstrating humility and confidence.
In a crisis, the public knows no one has all the answers. Attempting to project absolute certainty backfires. A more effective strategy is "confident humility": transparently sharing information gaps and explaining that plans will evolve as new data emerges, which builds credibility.
Stanford's famous "Interpersonal Dynamics" course teaches a counterintuitive leadership principle: sharing personal vulnerabilities and imperfections doesn't weaken a leader's position. Instead, it builds trust and fosters stronger connections, shifting relationships from a mystery to something one can actively shape through authentic behavior.
A young Ed Stack's transparent inexperience in buying meetings didn't lead to exploitation; it invited mentorship. By openly admitting what he didn't know, he transformed vendor relationships into partnerships. People were more willing to help him succeed rather than just sell to him, showing that vulnerability can be a powerful negotiation tool.
A simple act of pausing to ask for clarification when you don't understand something demonstrates genuine engagement and active listening. This small gesture can be more persuasive to a prospect than a flawless pitch, as it shows you are prioritizing understanding over just speaking.