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ChristianKl comments on Open thread, Feb. 01 - Feb. 07, 2016 - Less Wrong Discussion
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They could be described with denial1, but I mean something more like denial2.
Denial2 is about not exposing yourself to feedback loops and thinking hard.
Chris Sacca who run the venture fund with the highest returns ever speaks of people strongly believing in their own success as one of the strongest signals for a good startup. But he doesn't mean that the startup funder is supposed to be in denail of reality. A good startup funder actually understands the problems that face him. He reacts to feedback.