Data → Wisdom
- Refined Data is Information
- Refined Information is Knowledge
- Refined Knowledge is Wisdom
Food for Thought
Wisdom is knowing the long-term consequences of your actions.
Judgement is applying wisdom to external problems (to capitalize on making the right decision).
“The measure of wisdom is how calm you are when facing any given situation.” – Naval Ravikant
“Wisdom is the product of experience and honest reflection.” – Naval Ravikant
“You get rewarded for unique knowledge, not for effort.
Effort is required to create unique knowledge.” – Naval Ravikant
“Acquiring knowledge is easy, the hard part is knowing what to apply and when.
That’s why all true learning is “on the job.”
Life is lived in the arena” – Naval Ravikant
“The measure of intelligence is the ability to change.” – Albert Einstein
Why smart people often do stupid things:
Intelligence isn’t a substitute for wisdom.
Intelligence is the capacity to learn.
Wisdom is converting learning into good judgment.
Using brainpower requires willpower.
It takes self-control to choose future gains over current impulses.
– Adam Grant
Poor people buy Things.
Lazy people buy Distractions.
Ambitious people buy Skills.
Visionary people buy Opportunities.
Rich people buy Time.
Wise people buy Freedom.