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 ]
Posted Using INLEO
I think a big part of it just accepting the fact that it is okay to settle. That and not letting unit bias or whatever they call it get the best of you. Last cycle I was waiting for $100K to hit and since it never did, I got left holding the bag. I had another token that I was waiting for it to get over $1. It got all the way to $.95, I never sold and now it is back down to $.04. I really want to say I am going to do better this cycle, but I am currently sitting on a token I bought at $.03 or so. I said I would take gains when it got to $1. It got up to $.80 and I did nothing. I hope I don't end up kicking myself on that one. Since alt season hasn't really started yet, I might still have time!
So, so many tokens I have done the same with. I told @abh12345 just before that "if x happens, get on a plane, fly to Finland, and force me to sell" :D
Haha, maybe he can make a pit stop in the US too! I definitely need something to hold me accountable.
It's very human to get attached to tokens, I have the same problem.
Overall for the markets, it's very exciting that people are emotional for their money. Imagine how boring crypto/stock markets would be if people could think rationally :D
I like to look it that way.
It is not a bad way to look at it. As I have observed at least, the least sticky crypto projects, are the ones that focus on maximizing wealth in the token, without offering anything else to "play" with. Hive is full of games, literally and metaphorically.
"Wise men say, only fools rush in" a beautiful song. Your title remind me of it.
It is not true that only wise can predict market and take profit. Everytime conditions are different and decisions should also be different and that's why even knowledgeable also fail to catch it.
Without worring about financial gain or loss , it is good to value family first and then profitability. I salute your remark about relationships, time etc. as at the end the day money doesn't go with us. 🤣
There is the knowledge, and then there is the application of the knowledge. I think the knowledgeable fall down in the application a lot.
Being patient and not rushing can be a solution to this. This also makes the person have a more mature character. I don't know if maturity and experience are considered the same thing, but maturity is essential for wisdom.
I think so and it is good to remember, that maturity doesn't come with age, it comes with understanding experience.
It is true that knowledge is power. But it is also very true that we have to have the knowledge of how to use this knowledge. It is also important to master the technique of how to apply it.
I often think about how much I "know" on a topic, and how useless it is if I can't apply it. Often, we seem to learn a lot, but don't know enough to make it useful. It is like building a car, but not having any fuel to run it.
I think I have the last two and need much more experince because I believe that there is no limit for experince throughout life, we always learn or take a lesson, and here is a phrase we use in my country,
Experience is experience
The only thing we will have with us from birth to death.
Am into knowledge but you see judgement its like gambling sometimes what you see might not be the truth and what you dont see might not be the truth either,
predictive judgement isn't knowing, but it is about as good as we can do :)
"Calculated risk"
Hmmm i wonder how those judge in court do it though
Sometimes I am happy when I receive 10 cents for a comment, because according to the future price list it is 20 - 50 cents. But when I lose several hundred dollars on the stock exchange, I wonder if there was any point in writing for money for a couple of years on Hive. I've been a gamer since I was 13 years old and everything in my life is a game. But I also always loved to read and learn new things. And since Hive is the resource whose coins I play with, I enjoy writing and reading here.
The wisdom is simple - sell HIVE ladder 2-3-4-5-10 times higher than the minimum. But I sold it at $0.36 and staked HBD. This is also not bad and I sleep more peacefully at night.
When it comes to HBD in the wallet, while not an issue at the moment, do you think of what you will do if the witnesses lower the percentage?
The percentage is just a small bonus. The main thing is to wait for a bear market and buy 5-10 times more HIVE than now.
It seems that you want an upgraded version of Remembrall(?) from Harry Potter. Something that would not just remind you things but also warn you about consequences in advance.
I guess? I have very little knowledge of Harry Potter! :D
Exactly right! Instead of maximizing my Splinterlands collection, I should instead be maximizing my stash of BTC. Please don't tell my partner!
Tell me about it!
**I would get an electric shock of some kind and a message to say, danger, danger, Taraz. **
Hahaha, you really caught my attention here. Just imagining how an alert would shock me maybe while sleeping or eating, how about when am in a public bus. Funny you Mr Teraz.
Every time I go to the kitchen or shop and look at something I shouldn't be eating.
Hahahaha, it would be a life draining
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This is a fascinating reflection on knowledge, judgement, and the challenges of maximizing value in life. You've eloquently articulated the disconnect between possessing knowledge and effectively applying it. Your analogy of the "early warning system" for personal decisions is particularly insightful. It highlights the need for a mechanism to interrupt our habitual patterns and prompt more conscious choices.
Your observations on the role of emotions, particularly anger, resonate deeply. The concept of "impotent rage" accurately describes how unchecked emotions can hinder personal growth and meaningful action. Similarly, your analysis of market sentiment underscores how collective emotions can significantly influence trends and individual behavior.
You've also touched upon the importance of consistent application. While you may excel at writing consistently, you acknowledge the difficulty of translating that consistency to other areas of your life. This resonates with many, as we often strive for consistency in various aspects but struggle to achieve it across the board.
Ultimately, your post invites introspection. It encourages readers to examine their own relationship with knowledge, emotions, and the pursuit of "maximization." Perhaps true maximization lies not in accumulating more, but in utilizing what we have more effectively – whether it's knowledge, time, or even our emotional responses.
This seems like AI generated text.
You could be a super efficient maximizer or you could have bought one of the meme tokens at a lucky time and made much more.
My luck is not great and while I might be good at maximizing like you said knowing what to maximize is crucial so frequently I pick the wrong thing to maximize.
🤣🤣
On the investments, I think having a pre defined strategy is good. If stock X goes 4x, I sell half the shares for example.
I like residual income myself, so I'd like to build up a property portfolio eventually.
Stocks that pay a dividend is something else I like.
IBM, Exxon and Alphabet all pay dividends for example and price has done well in recent years too for a win/win
No system for warning and early detection of "danger" can help you in your relationship with a woman.
Because whatever you say and do, it doesn't depend on you, but on the emotion she has at the moment you said or did something.
No matter how carefully, diligently, lovingly it is said or done, you will end up either as a thief or as a prince 😂