Regret is an illusion. It is a channel through which one observes the past self as the person he is now. The illusion is that the past and present version of that individual are the exact same person, when in reality, they are not- they are two completely different people!
The ability to feel regret shows that one has grown wiser. However, it is felt because a person may forget that had he not gone through certain life experiences, his growth could have lead him in a completely different direction if any at all. The person you are NOW is composed of a myriad of life experiences and thanks to those experiences, you have a certain personality. It is thanks to what you have been through that makes you the person you are today.
I wish I had known then, what I know now - The paradox in this statement is found in the question - "How
could you know?" You know now what you know now because of your life experiences! In many cases, had you not gone through what you regret, you would not have learned your lessons and grown as a person.
Regret is good in that it shows you have grown, but negative if you truly let it make you suffer. There's no reason to suffer needlessly with regret. Take peace in the fact that you are a better person now and that you'll have many opportunities to share your good qualities with others in the future.
I've been there and sometimes it does manifest in my dreams. Instead of looking at it through lenses that say "I wish I hadn't done that! I'm a terrible person!," I realize instead that now I have grown enough to understand the mistakes I've made in the past.
This is just how I see it.

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