Quotes About Knowledge

Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.

We study natural stupidity instead of artificial intelligence.

Someone once said that education was knowing what to do when you don't know," said

It is the innovation that never occurs, and the knowledge that is never created, because you have ceased to lay the groundwork for it. It is what you never learned that might have saved you.

Ignorance allows people to disregard the consequences of their actions. And sometimes it leads to consequences even they did not intend.

the knowledge that is never created, because you have ceased to lay the groundwork for it.

There is an upside to ignorance, and a downside to knowledge. Knowledge makes life messier. It makes it a bit more difficult for a person who wishes to shrink the world to a worldview.

Someone once said that education was knowing what to do when you don't know

There were a great many interesting questions in the world to which the only honest answer was, "It's impossible to know for sure." "What will the price of oil be in ten years?" was such a question. That didn't mean you gave up trying to find an answer; you just couched that answer in probabilistic terms.

Those who say don't know, those who know don't say

The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him. —Leo Tolstoy, 1897

Those who say don't know, and those who know don't say.

Knowledge is literally prediction," said Morey. "Knowledge is anything that increases your ability to predict the outcome. Literally

the people who already saw themselves as experts in the field would be least capable of original thought.

After Gell-Man was done, Amos said, "You know, Murray, there is no one in the world who is as smart as you think you are.

People often work hard to obtain information they already have

Best of all, he gave us a rule of thumb about information in the markets that I later found useful: "Those who say don't know, and those who know don't say.

if you are seeking to preserve a certain worldview, it actually helps to gut science.

They appeared to know enough to justify their jobs, and nothing more.

The only thing history teaches us, a wise man once said, is that history doesn't teach us anything.

It's one thing to bet on red or black and know that you are betting on red or black. It's another to bet on a form of red and not to know it.

I also immediately internalized the idea that no school could teach someone how to be a great investor. If it were true, it'd be the most popular school in the world, with an impossibly high tuition. So it must not be true." Investing

I wonder," James wrote, "if we haven't become so numbed by all these numbers that we are no longer capable of truly assimilating any knowledge which might result from them.

Daryl Morey] suggested a new definition of the nerd: a person who knows his mind well enough to mistrust it