Want to be wiser? And a better investor? Practice "Illeism"

Prof Igor Grossmann (@psywisdom) is leading work on Wisdom - a much better predictor of wellbeing and superior decision making than IQ. But it is difficult to define Wisdom and what drives it.

Wisdom entails "intellectual humility; taking the perspective of others; recognising uncertainty; and having the capacity to search for a compromise"

Illeism is speaking about yourself in the third person. Apparently it can improve wisdom scores (yes researchers like Prof Grossmann are working to codify "wisdom"). Reason being..."small change in perspective can clear your emotional fog, allowing you to see past your biases."

"people tend to be humbler, and readier to consider other perspectives, when they are asked to describe problems in the third person". Illeism can also help with "greater emotional awareness and regulation which in turn can improve performance on the stock market."

This is based on this article.