Quotation by

John Kenneth Galbraith

One of the greatest pieces of economic wisdom is to know what you do not know.

Wisdom

Understanding this quote AI Analysis

Understanding the limits of your knowledge helps you avoid making decisions based on false confidence or incomplete information. Recognizing what you don’t know allows you to seek advice, gather more facts, and make better economic choices.

More by this author

All quotes by John Kenneth Galbraith →

More quotes about Wisdom

See all →

Do not go where the path may lead, go instead where there is no path and leave a trail.

Experience is not what happens to you it's what you do with what happens to you.

For beautiful eyes, look for the good in others for beautiful lips, speak only words of kindness and for poise, walk with the knowledge that you are never alone.

By three methods we may learn wisdom: First, by reflection, which is noblest Second, by imitation, which is easiest and third by experience, which is the bitterest.

If you're trying to achieve, there will be roadblocks. I've had them everybody has had them. But obstacles don't have to stop you. If you run into a wall, don't turn around and give up. Figure out ho…

The only true wisdom is in knowing you know nothing.