Philosophy of Finance Seminar
Musings from PoF. Heavy contribution from Ammar
Values & Virtues
Values — feelings of concern over a topic
Virtues — actionable values
Focus on actions, not on feelings.
Re-framing:
Reframing — things seen as a challenge are reframed as an opportunity for betterment
Complaining — antithetical to reframing
Inability to reframe = deficit in yourself and your worldview... not the thing itself
Are you sure?
Yes --> Even if you experience pure evil / hell on earth and think "there is no positive reframing," you can still reframe: I was able to withstand this.
On Gossip:
Courage to be disliked
Silence. Retain integrity.
Correct the friend(s) out of love (warmth) from the friend. Or be silent if you don’t have that relationship.
Ultimate & Instrumental Goals:
Instrumental goals - goals used in achievement for other purposes
Ultimate goals - an overarching purpose
Human flourishment is the ultimate goal.
Money is instrumental.
Service-mindset of work: how does my work service others?
Choose things based on ultimate ends. Don’t let vicious motives drive your choices.
Will, "an investment":
Will - an upfront investment you make in a habit.
What if I value generosity, but I don’t feel good about being generous?
--> Do it more frequently. You’re (neurologically) forming a new pathway, which makes you feel pain. When you avoid a behavior that makes you feel bad, you’re reinforcing to your brain that habit and that pathway.