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Yuval Noah Harari emphasizes the significance of knowing the truth about oneself and the world as the foundation for living well. He mentions that this understanding does not solely come from reading books or intellectualizing but requires practice and discipline. Harari highlights that his chief practice is meditation but acknowledges that different individuals find self-understanding through various activities like therapy, sports, or art. He underlines that the key to living well is not just through intellect but involves a broader approach that includes emotional well-being and truth-seeking.