Most of us are proud of what we know, Defensive about what we do not know; and generally confused about many things that we believe to be in one group or the other.

Security Traders, as I have stated so many times in the past, work in a world of probabilities. Do not deceive yourself; our only that is always true in our business is that nothing is always true. Exceptions are the bane of our chose profession.

Talking with a friend of mine the other day about our chosen profession, I casually mentioned that, “I believe that it is not what we do not know that hurts us the most, but what we think we know that is not actually true.”

He really took me to task on the subject and AI have spent a lot of time thinking about it since that conservation..

I am now convinced that I was spot on – and absolutely correct.

It is not what we do not know that hurts us the most; it is what we think we know that is not actually true.

So what is the lesson here?

Perhaps it is that we should spend more time re-examining what we think we know, and less time trying to learn new things.

Trouble is, that is not what we humans usually think is time well spent.

No wonder Socrates only asked questions.

 

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