Knowledge Is Not Power
By: Ivan Cavric Whoever first said that knowledge is power was probably selling encyclopedias. Knowledge is a tool, like money and influence. Tools are only powerful if they are used effectively. How, then, do you make a head full of knowledge into a powerful tool? By seeing clearly what can be done. By seeing clearly your own limitations. By acting on what you know. Wise Action, Not Knowledge, Is Power Investors often learn so much that they think they can consistently predict the course of the stock market. In reality, there are probably fewer than ten old investors that have never lost money. Wise investors know that the best they can do is get the odds in their favour, so they'll have more wins than losses. You have to see the limitations of knowledge. I can read about how to sing, and even get advice from a voice coach, but I can't sing well. I'm not saying that I could never sing well, only that right now I cannot. If I'm not willing to do what is necessary, ...