Personal wisdom in the balance
Abstract: In this chapter, I discuss personal wisdom. I argue that wisdom is the use of one’s knowledge and abilities in order to achieve a common good by balancing one’s own with others’ and larger interests, over the long as well as the short terms, through the infusion of positive ethical values. Smart people may behave foolishly, precisely because they do not believe they are susceptible to foolishness. They may tend to be unrealistically optimistic, egocentric, falsely omniscient, falsely omnipotent, falsely invulnerable, and ethically disengaged. Even smart people may fail to infuse positive ethics into their behavior because they do not complete all of 8 steps required for someone to act ethically. The result is leaders who, instead of making the world a better place, make it worse than it was before they led.