Knowledge Does Not Equal Power
The old saying that ‘Knowledge equals power’ is simply not true. The correct saying should be
‘Knowledge that is ACTED upon equals power’
The difference in these two statements is massive. No matter how much knowledge you have on a certain subject it doesn’t equate to anything unless you use this knowledge to take the relevant action.
If you have an amazing knowledge of Investment Strategies but you forget to actually implement this knowledge then you aren’t going to receive the true benefits or power that deserve to be associated with this knowledge. Now this may sound very simplistic and basic but you would be amazed at how many people have great knowledge that they never put into action.
Human beings have a terrible habit of underestimating their ability and knowledge. We also have a bad habit of wanting to know everything about a subject before we actually put it … Read more
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