Often we fear failure because we think we’ll be miserable when it hits us. There is one glitch to this belief. We happen to have a “psychological immune system” which creates a narrative for you even when things don’t work out as they were supposed to. In other words, imagine you want to become the wealthiest person in the world. Even though that won’t happen and you might end up being an average person, with a below average income. Your psychological immune system will create a narrative that will make your life look good. Thus, you’ll be happy anyway.
Psychologist Daniel Gilbert, also the author of Stumbling on happiness, explains that extremely well in this talk: