Acharya Prashant explains that true confidence is not based on knowledge or the accumulation of information. He points out that people often associate confidence with knowledge because they have repeatedly told themselves lies and created a false sense of security. This dependency on knowledge is essentially a way to safeguard oneself against future failures. He suggests that one should instead adopt the understanding that whatever happens will be all right, regardless of whether one wins or loses. This bold and honest declaration has the power to remove the fear of results and the trembling associated with future outcomes. He emphasizes that one must remain untouched by both victory and defeat. True inner confidence means being madness-proof; one should not go mad with joy upon winning nor be devastated by losing. Acharya Prashant also highlights that what is commonly called confidence is often just a cover for a deep-seated sense of inferiority. Those who obsess over external grooming and 'makeup' for confidence are often those who believe most deeply in their own inadequacy. Real confidence comes from accepting the totality of existence and realizing that while external circumstances or the body may be affected, one's core essence remains untouched and healthy.