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...