Understanding your way

Proverbs 14:8 says: The wisdom of the prudent is to understand his way, but the folly of fools is deceit. This struck me as emphasizing the value of knowing one's self. Understanding one's way is knowing the why behind one's actions. Given the context of the first part of this verse, perhaps the second part is suggesting that the opposite (foolish) is to continue to lie to one's self. Not knowing one's self is folly. Not spending the time to understand one's way forces one to lie both to the self and to others. While that understanding takes great time and energy, it is incredibly freeing.