This keynote address discusses the importance of discernment for institutional leaders. It argues that discernment, defined as the ability to judge well, allows leaders to look beyond surface level measures like price and see deeper values. However, discernment cannot be taught but must be developed over time. The address warns that institutions can become "hermetically sealed" if they fail to encourage discernment by stifling dissent, overlooking certain personnel, and not critically examining their own language, imagery, and approach. It concludes that discernment is key to empowering leaders and liberating institutions from prevailing orthodoxies.