2min chapter

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How to Get Rich: Every Episode

Naval

CHAPTER

Wisdom Is Just Judgment

Wisdom is just judgment on a personal domain. Wisdom applied to external problems, i think, is judgment. I would define it as knowing the long term consequences of your actions and then making kind of the right decision to capitalize on that. Judgment is very hard to build up. This is where both intellect and experience come in play. The real world is always far, far more complex than we can intellectualize. And especially all the interesting, fast moving edge domains and problems, you can't get there without experience.

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