010 Wisdom: A counterbalance to bad decision making

Thinking Man

Wisdom: A Counterbalance to Bad Decision Making.

Why we make bad decisions:

01:52 We make decisions based on current knowledge, past experience, emotional preferences, perception. We genuinely believe the decision we are making is the best.

03:28 Lack of goals or not staying on point. Not prioritizing in alignment with goals. Short term view.

07:01 Fears and desires blind us. What we want to believe. Theranos

09:30 Self-destruct. Snowball effect. After making a bad decision go all in. (breaking diet)

10:41 Confirmation bias. Developing a quick lazy belief and then seeking out information to support our belief.

13:18 Impulsive decision

Laziness –

14:30 Ignoring facts

14:43 Poor or limited comparisons of options and/or outcomes and/or opportunities. Based on perceived outcomes, options, availability.

18:33 Improper starting point, foundation “the obstacle is the way”

20:30 Only looking at the immediate one move ahead, or vice versa

Need a closeup realistic view as well as a distant view

21:55 Gives me a high. Does it bring me pleasure? Doesn’t mean it is right

23:40 Lack of self-control (discipline) (character)

24:03 Not trusting ourselves.

24:16 Wanting to conform to norms.

24:23 anxiety sometimes doesn’t allow us to see what is in front of us

26:09 Distorting Data. Perceive the world around us contrary to objective reality.

30:09 Improper value system therefore equation comes out wrong.

30:33 Distracted, not focused.

31:58 Instinctive, automatic (autopilot) mind does what it believes is best

35:07 Define wisdom: Knowledge, Humility, Perspective. Ability to discern inner qualities and relationships – insight

37:14 Oxford English Dictionary defines wisdom as "Capacity of judging rightly in matters relating to life and conduct; soundness of judgement in the choice of means and ends;

37:51 Psychology Today says that wisdom, “involves an integration of knowledge, experience, and deep understanding”. Think! Think! Think!

38:17 Philosophy – love of wisdom

The only way to build this knowledge bank is to think!!!! Knowing how to live well requires one to be knowledgeable in a wide variety of areas. There are two reasons for this. First, it is impossible, I claim, to acquire knowledge of how to live well without also acquiring a great deal of knowledge in a wide range of subjects. Just as one cannot have knowledge of trigonometry until one has knowledge of arithmetic, I think one cannot have knowledge of how to live well until one has knowledge of: human psychology, specifically what contributes to happiness, fulfillment, satisfaction, and so on; history, to learn from how people have lived in the past; literature, which helps one to explore the perspectives of diverse others; and so on. The second reason why knowing how to live well requires knowledge in a wide range of subjects is that people who are living well are intellectually curious. Wise people—in my experience, at least—love to learn. Indeed, it’s hard to imagine someone who is genuinely living well, but whose mind is stagnating. Thus, the wise are forever students. Michael Prinzing – the practical philosopher

44:00 Hindsight is only another perspective to be able to look back and see the reality of a situation. Hindsight gives us a more complete view (if we see it). We don’t see what we did wrong, we see what we didn’t see and why.

48:43 Connecting fundamental truths through experience and perspective on its meaning.

50:42 Not spoon-fed opinions about topics.

57:50 We think we stand for things when we don’t know why. Wisdom is courageous in that it goes against the herd.

58:22 We don’t know who we are or what we want because we’re not willing to admit what we know and don’t know. We’re not willing to look inside and seek out the lies we tell ourselves every day. We’re not willing to deconstruct our beliefs and re-evaluate our lives.

59:55 Understanding of human nature (including the concepts of uncertainty and relativism between cultures: emotional resiliency, humility, an ability to learn from experience, openness, superior judgment and problem-solving skills. All of these traits come together to form the magical superpower of wisdom that is used to navigate major life challenges in pursuit of the good life and the greater good for humankind. THINK DIFFERENT! BE DIFFERENT!! MAKE A DIFFERENCE!!!

01:01:53 Conventional wisdom, also regarded as commonplace knowledge, generally refers to ideas and beliefs the majority of people in society hold as true. These ideas have not necessarily been researched or explored in any deep, meaningful way; they simply are honored because so many adhere to them. E.g. Copernicus heliocentric vs geosentric centers of our solar system.

01:03:36 Current so-called wisdom quotes that there is not truth. Or that your truth isn’t their truth? Only what is important to me (close minded) is my truth. Be true to myself. Only concerned with how things affect themselves and how they affect them determines as to whether it is good or right or wrong. Therefore, your knowledge is always wrong and closed minded as there is so much we don’t know, and their knowledge is open minded, and accurate because they know all they carte to know about themselves.

1. Moral wisdom. Instruction on God’s standards of ethical behavior. How to be wise and skillful in ethics and morals. This focuses on character.
2. Functional wisdom. Practical insights for how to go about your daily work. How to be skillful in the mechanics of your job. This focuses on competence.
3. Relational wisdom. Instruction on how to interact with other people. How to be wise and skillful in your relationships with others. This focuses on connection.

01:07:00 Cannot label yourself wise, you can only make wise decisions. Time will be the judge. Wisdom is not making quick decisions and thinking you know all you need to know

01:12:43 Knowledge is data. Wisdom is understanding what that data is saying.

Neither experience nor knowledge in itself is wisdom

01:13:20 Charles Haddon Spurgeon - defined wisdom as "the right use of knowledge"

Good sense – judgment

01:14:20 Cannot be too wise or put wisdom to bad use. Compared with?

01:16:57 Taking what you know and applying it in a way that is not egocentric, or lofty. And viewing from many perspectives. Not ignoring the blind spots. How we think and what we do with it. Think different, be different, and you will make a difference. You will be a rare commodity. Opposite. Lacking wisdom. Fool!! No in-between. Understanding, insight. Tempered – balance, unbiased

01:17:57 Discernment of what is true, right lasting

01:18:06 Real knowledge is to know the extent of one’s own ignorance. —Confucius

01:19:05 Knowing the big picture, not just your big picture. Sapience. The greater good

01:19:45 Not loose, grand or too mysterious, that is just lazy talk. A generation that wants to know exactly what button to press to be in line with everybody else. A generation whose right is determined by the masses of their peers. Extremely sociocentric.

01:20:48 It is not knowledge. Nor a certain type of knowledge. Using what you do know in a wise manner. Not being naïve, realizing though I am making the decision on all that I know, I realize there is so much more I don’t know.

01:21:33 The only true wisdom is in knowing you know nothing. —Socrates

Epistemic humility

Socrates was wise not because of what he knew, but because he knew the limits of the little that he did know.

01:22:30 Not scientific or technological

People prefer to be simple. As we are in an age of wanting everything easy.

It is realizing all that you don’t know, not all that you believe you know that makes you wise.

Pride brings destruction. Humility brings wisdom

01:23:46 A fool who recognizes his own ignorance is thereby in fact a wise man. —Buddha

01:24:19 "The fool doth think he is wise, but the wise man knows himself to be a fool."

- Shakespeare

Not to think you know what you don’t know!!!

Wisdom is knowing yourself and not tricking yourself.

Openminded

01:24:50 Cold and compassionate at the same time

Ethics and benevolence necessitate wisdom