The simplest yet the 3 most difficult words to utter for anyone (in life or in Investing)
I don’t know….doesn’t mean Ignorance
It means that –
I don’t know about that particular thing/concept/situation etc. but I accept the fact that, I don’t know about it
I don’t live in a sand castle believing that I know something which I don’t
I don’t make my decisions based on the belief that I know everything that I’m actioning in my life
I think I know– are the 4 most dangerous words in one’s life (let’s not confuse these words with expertise)
I
Don’t
Know
What’s going to happen in the future in the equity, bond, commodity, currency, political, economic, demographic, geo political markets / relationships etc….
I
Have
No
Clue
As I repeat again for another time….my line over the years
Everyone has a View but none has a Clue🤭
I’m happy to utter the 3 words – I don’t Know for things I have no clue about 😀