"Self-confidence is not a feeling of superiority, but of independence."
"Self-confidence is knowing that we have the capacity to do something good
Self-confidence should be applied to wholesome actions, Overcoming of delusions and my ability to overcome them. Thinking, 'I alone shall do it' Is the self-confidence of action."
Lack of self-confidence or low self-esteem is not directly defined in the Buddhist tradition, but it would certainly be classified as a negative emotion or delusion, as it exaggerates one's limitations in capacity, quality and potential for growth. Briefly put, every sentient being has the potential to become a fully perfected Buddha, if one does not understand this, one is deluded in this respect.
Lack of self-confidence can be made up of several different aspects like: guilt, anger turned inward, unrealistic expectations of perfection, false sense of humility, fear of change or making mistakes, depression etc. Depression can actually also be a result of a lack of self-confidence.
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