Problem
A group of 9 friends invest equally in a business opportunity that costs $20,000. If n more friends were to take part evenly in the investment...
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| Book VI: Summaries - Chapter XI: Practical Wisdom and Good Sense
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Practical wisdom is the result of experience, but good sense is an innate characteristic. Just as native intelligence can develop into theoretical wisdom, innate good sense can develop into practical wisdom. Good sense is the quality we say a man has when he is able to forgive others (i.e., he has a sympathetic understanding and a good judgment of what is fair and equitable). Good sense, understanding, practical wisdom, and intelligence, are nearly always found in the same persons. They all tend toward the same goal and share a concern with ultimate particular facts.
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