How do we define and perceive wrong?
My son, a high-school junior, is an avid actor and since 5th grade has enjoyed several roles in school productions, experiencing many hours on stage. Driving to school the other day we were talking about his current play, and he made the statement that in every show he's been in, something goes wrong. The directors, actors, musicians, stage hands, etc. have a plan and an expectation of how the performance should manifest. Knight said that in his experience, something always occurs that was different than expected or desired. This is perceived as wrong.
I commented, "isn't it fascinating that even though something goes wrong, the audience still greatly enjoys the production and probably does not even notice any problem?" And how often do we have "pleasant" mishaps? These are the things that go wrong and turn out better than we planned or imagined. Let's use the play production as a mirror for financial planning and all matters related to money. Perhaps we could temper our reactivity to the taboo and hot topic of money.
We could say that something always goes wrong, or we could say that something always manifests differently than we plan or imagine. We focus on the view of wrong because when it comes to money, for most of us our tolerance for negative states is far lower than our level of opening for positive states. This statement relates to behavioral finance studies where our tendency as human beings is to magnify risks and minimize rewards; we have a stronger aversion to risk, than attraction to gains. When it comes to money and finance, we pay more attention to potential problems and what goes wrong, than to rewards and what goes right.
What if we were able to see plans and expectations as: what is possible, rather than, this is how it should be? How do you believe the response would be for the production people during the play? Their experience might be one of surprises and delight at mishaps and changes, rather than disappointment and defining them as wrong. In those circumstances when something does go wrong (defined by someone is harmed), this is the opening for learning and we ask, what can I learn from this situation?
"Right" or "Wrong," it doesn't matter! There is always an opening.
Opening without labels,