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

About This Quote

The most important thing to know about the economy is that no one knows exactly how it works. Instead, what we have are theories that have been tested, sometimes over and over again. What’s more, the economy is always changing. If you want to be a serious contender for success, you should always know that you don’t understand everything.

You should also know that you don’t need to understand everything to succeed. What’s important is to be able to adapt based on new information as it becomes available.

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More Quotes By John Kenneth Galbraith

1. Never live at the mercy of people because they can run out of mercy when you needed them the most.

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2. A rich man is not a man without problems but a man whose faith has conquered the problems even when it's there.

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