What is tolerance? Tolerance for failure, tolerance for risk taking, tolerance for ambiguity Today we talk about Silicon Valleys success with great admiration, but this success is not just because of the talent and technology that they have but because of the tolerance that they have. Venture capital flourished there, risk taking comes naturally there. Venture capital has assumed the meaning of "adventure" capital there.
Somehow, we have become an intolerant society as far as risk taking and as far as the failure is concerned. Is there a success without failure? Have you a seen a small child walking without falling? No. But somehow or the other, we are not tolerant to failure.
I keep on going back to cricket. When Ajit Wadekar won the test series in early seventies against
Tolerance for ambiguity is very critical by the way. If you see the real story behind Microsoft, somewhere there is a romantic story about the tolerance for ambiguity. Bill Gates recently got an honorary doctorate from Harvard and he narrated an experience. He declared himself as the most successful dropout from