Borrowed or Owned: Where Does Your Intellect Come From?
Nauman ul Haq
Finance Director | Group Reporting and Financial Control | Digital Transformation | FCA, CFA
"Recall the fable of the crow and the pitcher? A thirsty crow discovers a pitcher with water at the bottom, but it's too deep to reach. Ingeniously, the crow drops pebbles into the pitcher until the water level rises. This age-old tale underscores the merits of critical thinking. Yet, it begs the question: How many of us would genuinely solve a problem, and how many would resort to 'second-hand intellect'?"
In this era of information overload, I frequently binge on information as if I am at an all-you-can-eat knowledge buffet. Yet, the true test lies in distilling this info and adapting it to my life. That brings me to "second-hand intellect," the tendency to heavily depend on external wisdom—from books, experts, or mentors—often neglecting to understand the underlying principles ourselves.
Think of it like a patchwork quilt. You're taking pieces from all over the place; sure, it looks good, but do you know where each piece came from or why it matters? It's a quick way to feel smart, but it has its downsides.
The Illusion of Understanding:
It's so tempting to think I've got it all figured out just because I have skimmed an article or two. I liken it to humming a tune but not knowing the lyrics. This shallow understanding can be misleading and fragmented knowledge can blur perceptions, restricting our ability to think creatively. I've found myself tangled in a maze of indecisiveness, becoming a perpetual learner who parrots acquired insights without fully internalizing them.
This shallow approach can amplify our cognitive biases. Take the confirmation bias, where we selectively focus on information that aligns with our existing beliefs. Or consider the Dunning-Kruger effect, where limited understanding puffs up our self-estimation of competence.
The Stifling Dependence:
Constantly leaning on second-hand intellect can curb our intellectual progress, much like muscles that atrophy from lack of exercise. This continuous dependence chips away at our self-confidence, making us reluctant to trust our own instincts, thereby stifling our creative impulses.
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Case in point: I've made hasty investment decisions, swayed solely by the persuasive words of social media pundits, while sidelining my own analysis.
This undue reliance can also spawn the authority bias, where we disproportionately weigh the opinions of those we perceive as experts, overshadowing our own judgment.
The Hidden Costs:
Outsourcing our cognitive processes comes with its own price tag. While the financial toll—like consultant fees—is apparent, the intangible costs can be even more damaging. When things go south, it's tempting to shift the blame onto our external sources of wisdom, dodging personal accountability.
In the business world, it's not rare to see pivotal projects outsourced to consultancy firms, often more as scapegoats than for their expertise. Here, the self-serving bias kicks in, where successes are internalized, but failures are conveniently externalized.
So, where does all this lead us? Can we genuinely transition from borrowed to owned intellect? Maybe the old 'fake it till you make it' saying holds some water. At first, we might need to rely on borrowed knowledge, like training wheels when learning to bike. The key is being aware that you're in this 'learning phase' as you navigate through the ropes, gaining hands-on experience.
Yet, let's not forget the role of humility in this journey. Owning your intellect doesn't mean claiming to know it all; it means acknowledging the gaps in our understanding and being open to learning. Humility allows us to question, to seek, and to grow. It keeps us grounded and makes the journey toward intellectual ownership not just an act of accumulation but also one of self-reflection and continual improvement.
Is there a quick fix to this borrowed intellect puzzle? Probably not. But could the act of borrowing, when done with awareness, be the first step toward owning your own intellect? Food for thought. After all, even the clever crow had to start with that first pebble.