As supervisors, we are sensitive to the supervisee’s shame and dependency, but we may be unaware of our own vulnerability. Both participants may collude to locate all the anxiety in the supervisee, ignoring the fact that the supervisor is also dependent upon the supervisee for referrals, feelings of self-worth, and one’s reputation in the institute and profession. This can create a dynamic in which the supervisor’s insecurities are projected into the supervisee, increasing feelings of shame and powerlessness that then get reenacted with the patient. I propose a model of supervision in which vulnerability is mutually experienced and even welcomed as an opportunity to deepen the work and model for the therapist ways to embrace anxiety and uncertainty.