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Knowing what you don't know is more useful than being brilliant.

"Confucius said that real knowledge is knowing the extent of one’s ignorance. Aristotle and Socrates said the same thing. ... Think of somebody who’s been a professional tightrope walker for 20 years – and has survived. He couldn’t survive as a tightrope walker for 20 years unless he knows exactly what he knows and what he doesn’t know. He’s worked so hard at it, because he knows if he gets it wrong he won’t survive. The survivors know. [i.e. = "survivor bias"]

Knowing what you don’t know is more useful than being brilliant."

Charlie Munger, Vice-Chairman of Berkshire Hathaway


Read more: http://www.businessinsider.com/advice-first-year-wall-street-2014-9?op=1#ixzz3Eg3Xv1gF