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The Importance of Self Knowledge
Self knowledge is most naturally thought of as my knowing a certain fact about myself that for example I tend to get impatient in certain circumstances and I tend to be so to procrastinate about certain other things etc. But understanding tends to be more holistic and involves having a grasp about different aspects of a complex phenomenon fit together. Understanding by self seems to be one that by virtue being more holistic will allow us to get a broader sort of bird's eye view of ourselves.