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Bill put it in terms of upside and downside. Suppose you trust someone, and he or she merits that trust. That’s a huge upside. Trustworthy people feel validated and motivated by being trusted. What’s the downside if you’re wrong? As long as you don’t expose yourself to unacceptable loss, you’ll feel pain and disappointment. Consider the other side: What’s the upside to mistrust? You minimize pain and disappointment. What’s the downside to mistrust? This, Bill counseled, is the clincher: if you assume people are not trustworthy, you will demotivate and drive away the very best people. This was Bill’s “Trust Wager”—a hardheaded belief that there is more upside and less downside to an opening bid of trust than an opening bid of mistrust.