“Greatness shouldn’t be intelligence. Greatness comes from character. And character is not fashioned out of sensible folks, it is fashioned out of people that suffered,” Huang mentioned on the occasion, in response to a query about how college students can maximize their shot at being profitable.In relation to reaching success, Huang is aware of greater than most. In 1993, he co-founded laptop chip firm Nvidia, the place he is served as CEO for greater than three many years. The corporate’s success turned Huang right into a billionaire. Now, with Nvidia’s chips in excessive demand for constructing AI software program, it is turn into one of many world’s most precious firms with a valuation north of $2 trillion.Huang himself is among the world’s wealthiest people, with an estimated web price of $77.6 billion, based on Bloomberg.For Huang, there’s one explicit trait that may make anybody extra more likely to turn into profitable: Resilience. Ultimately week’s occasion, he informed Stanford college students how he personally developed the resilience needed to construct and run one of many world’s most precious firms.’Folks with very excessive expectations have very low resilience'”Considered one of my nice benefits is that I’ve very low expectations,” Huang mentioned, noting that almost all Stanford graduates “have very excessive expectations” on account of having an elite schooling.Typically “folks with very excessive expectations have very low resilience,” he went on, as a result of they don’t seem to be accustomed to, or ready for, failure.”Sadly, resilience issues in success,” he mentioned. “I do not know the best way to educate it to you apart from I hope struggling occurs to you.”Constructing resilience is a key consider figuring out future success, psychologists are likely to agree. Analysis has proven that resilient individuals are extra more likely to have the power and confidence to deal with challenges and bounce again from failure. Huang actually needed to wrestle in his firm’s early days. In 1996, Nvidia practically went out of enterprise because it struggled to compete with different chipmakers. That pressured Huang to put off greater than half of his employees.The expertise taught Huang to “turn into higher versed in studying markets and studying client calls for,” he informed Fortune in 2001, which meant scrapping the corporate’s earlier expertise and betting on a brand new mannequin of chip that ultimately grew to become a serious success. “To today I exploit the phrase ‘ache and struggling’ inside our firm with nice glee,” Huang informed the Stanford college students. “I imply that in a contented method, since you need to refine the character of your organization. You need greatness out of them.”Construct a ‘tolerance for failure’ so you possibly can innovate and succeedHaving low expectations might help put together you for the inevitable challenges forward, based on Huang, as a result of it is easy to be caught off guard by an impediment once you’re solely anticipating clean crusing. That is why Huang says he nonetheless worries Nvidia may in the end fail, regardless of the corporate’s huge success.He believes that any good chief has to assume frequently about how shut an organization is to falling aside: “In case you do not internalize that sensibility, you’ll exit of enterprise,” he mentioned in October.Equally, being conscious of your potential for failure might help construct up a “tolerance for failure” that in the end permits you to let go of the worry of failure that would maintain you again from success, Huang mentioned in an earlier speech to Stanford college students, in 2011.”Except you might have a tolerance for failure, you’ll by no means experiment, and in case you do not ever experiment, you’ll by no means innovate,” he mentioned on the time. “In case you do not innovate, you do not succeed.”With that in thoughts, Huang informed a more recent batch of undergrads final week that he hopes they expertise their very own character-building struggles: “For all of you Stanford college students, I want upon you ample doses of ache and struggling.”Need to make extra cash exterior of your day job? Join CNBC’s new on-line course The best way to Earn Passive Earnings On-line to find out about frequent passive revenue streams, tricks to get began and real-life success tales. Register right this moment and save 50% with low cost code EARLYBIRD.Plus, join CNBC Make It is publication to get ideas and methods for fulfillment at work, with cash and in life.