Being able to accept and consider advice from other people who think you're doing something stupid, without lashing out at them; and the more you show them this is true, and the more they can trust you not to be offended if you're frank with them, the better the advice you can get. (Yes, this has a failure mode where insulting other people becomes a status display. [...])

It also has a more subtle and counterintuitive failure mode. People can derive status and get much satisfaction by handing out perfectly honest and well-intentioned advice, if this advice is taken seriously and followed. The trouble is, their advice, however honest, can be a product of pure bias, even if it's about something where they have an impressive track record of success.

Moreover, really good and useful advice about important issues often has to be based on a no-nonsense cynical analysis that sounds absolutely awful when spelled out explicitly. Thus, even the most well-intentioned people will usually be happier to concoct nice-sounding rationalizations and hand out advice based on them, thus boosting their status not just as esteemed advice-givers, but also as expounders of respectable opinion. At the end, you may well be better off with a rash "who is he to tell me what to do" attitude than with a seemingly rational, but in fact dangerously naive reasoning that you should listen to people when they are clearly knowledgeable and well-intentioned. (And yes, I did learn this the hard way.)

Things are of course different if you're lucky to know people who have the relevant knowledge and care about you so much that they'll really discard all the pious rationalizations and make a true no-nonsense assessment of what's best for you. You can expect this from your parents and perhaps other close relatives, but otherwise, you're lucky if you have such good and savvy friends.