Wisdom

the quality of having experience, knowledge, and good judgement

I have the first two.

Good judgement on the other hand, well, that leaves a lot to be desired. As they say, knowledge is power. But ultimately, it is worthless in the hands of someone who doesn't know how to wield it, or when to wield it. I am possibly not strategic enough to make good usage of the knowledge I have, which is why I "identify" as a non-maximiser - because I can't maximise, even if I wanted to. And while I might not put a lot of value on profit maximisation, I would like to be able to maximise other parts of my life that I consider valuable - like relationships, time, skill.

Quite often when we talk about value, we think of it in a financial sense, or maybe an emotional sense, like an item holding sentimental value, even though it can't be traded for something else of value. Sentimental value is something that has impacted my ability to increase my overall returns significantly, because I become attached to tokens, or like I mentioned the other day, I will hold all the way down, rather than selling for a loss and buying back cheaper. The sentiment I am holding onto there, is the attachment to the idea of losing. I don't think about it consciously most of the time, unless writing about it.

It would be nice to have an early warning system, that could be preconfigured for multiple variables, and whenever the conditions met the rule, I would get an electric shock of some kind and a message to say, danger, danger, Taraz. While I might still find myself overriding it, at least I would have the option to pay attention before it happens, rather than lament decisions post-fact.

I think that a tool like that would increase our wisdom application significantly, because we wouldn't have to rely on firstly identifying the conditions and then, finding the right response to suit. Instead, all we'd have to do is look at the data and decide, do we follow what we said we would do, or do we not? And then, as we get more information on what is working and what is not, we can parse it through our knowledge processing centres to recalibrate accordingly.

Some people work like this naturally I figure, but I just don't seem to have the intelligence to firstly plan ahead well enough, recognise the conditions fast enough, recall what to should do, and then apply it. It is not that I never get it close to right, but it is very, very inconsistent. I am guessing that a lot of it comes down to learning, practice and repetition, but I also think that a good percentage of it is built into us, like our height or skin colour. My parents were terrible at planning, and the execution skills weren't any better. Looking back, it is a surprise I made it out of childhood.

We are all inefficient maximisers.

Perhaps it is true. Maybe I am a maximiser. But what I am trying to maximise is not what I should be maximising. It is like the people who spend a lot of energy trying to maximise their free time, only to then use the time they have poorly. What is the point of maximising any resource if it isn't going to be used well? Time, money, and energy are obvious resources that we can manage well or waste, but what about our emotional resources?

At least in my opinion through observation, a lot of our feelings are wasted, where we either overinvest in them, or we do not apply them well to the circumstances. Even something like anger could be used well in the right context and with the right actions, but instead, we might feel angry, but do nothing with it. Change nothing. It just becomes a feeling that weighs us down, rather than empowering us to act. I think a lot of internet rage is of this type - impotent.

Market sentiment

the current attitude or mood of investors regarding a stock, an industry, or the entire financial market.

While there are charts with triangles and lines of support being read, at the end of the day, it comes down to how people feel about the trends. And, trends tend to be followed by the masses, which makes their growth and decline somewhat predictable. It also means that knowing the way the masses move is knowledge that could be used with wisdom. However, how many of us are able to do this successfully?

I am not an outlier, I am average in pretty much every way imaginable. The only thing where I might be outside of the norm in my behaviour, is how much I write each day, and the consistency I have in doing so. It would be great if I would be able to apply that consistency in a more uniform manner across my experience, but I seem unable to do so, or maintain it. I am hopefully getting better, but I think that in getting better, I am also making a lot of mistakes, because my heuristics aren't there, the habits to take what I know and apply it automatically by habit.

Very little wisdom.

So I have to rely on my judgement in the moment, if I happen to recognise the conditions accurately enough to even have something to apply to them. And that is a big if. So, if there was an early warning system that I could set to at least recognise the condition, and give me a short range of possible options, life would be much easier. If it could also stop me from saying most of what I say before I say it to my wife, that would be highly appreciated too.

Taraz
[ Gen1: Hive ]