Fools laugh at others. Wisdom laughs at itself.
When we lack self-awareness, we focus on others. Our conversations are solely about other people–usually how they are silly or stupid or foolish.
Unaware of how that reflects back on us.
When we realize our own strengths, but more importantly, our own foibles and weaknesses, we laugh at ourselves. We laugh, not derisively, but with the joy of understanding that we are human.
Faith Venture 
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