--- title: "Meaning & Key Takeaway of: Knowing nothing about investing might be…" description: "\"Knowing nothing about investing might be a benefit. You won't have to unlearn many popular beliefs propagated by Wall Street and the media that aren't ..." image: "https://sms4smile.com/quotes/i/ca9/michael-leboeuf-27478_belief_knowing-nothing-about-investing-might-be_256066.jpg" --- # Knowing nothing about investing might be a benefit. You… ![“Knowing nothing about investing might be a benefit. You won't have to unlearn many popular beliefs propagated by Wall Street and the media that aren't true.” quote by Michael LeBoeuf](https://sms4smile.com/quotes/i/ca9/michael-leboeuf-27478_belief_knowing-nothing-about-investing-might-be_256066.jpg) [Download](https://sms4smile.com/quotes/i/ca9/michael-leboeuf-27478_belief_knowing-nothing-about-investing-might-be_256066.jpg) [Open image](https://sms4smile.com/quotes/i/ca9/michael-leboeuf-27478_belief_knowing-nothing-about-investing-might-be_256066.jpg) > “Knowing nothing about investing might be a benefit. You won't have to unlearn many popular beliefs propagated by Wall Street and the media that aren't true.” [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Lack of investing knowledge can be advantageous, avoiding entrenched false beliefs. **In simple terms:** Ignorance can protect from misinformation. Key Takeaway Stay critical, seek true knowledge. Themes skepticism finance learning Mood cautious inquisitive Type philosophical advisory When to use this quote - investment decisions - financial education - media consumption Key Concepts behavioral finance media bias Questions to Reflect On - What biases might you still hold? - How will you verify new information? A Different Perspective Overconfidence in ignorance can be risky. ★ ★ ★ ★ ★ No ratings yet [Belief](https://sms4smile.com/quotes/about/belief/) [Benefit](https://sms4smile.com/quotes/about/benefit/) [Benefits](https://sms4smile.com/quotes/about/benefits/) [Customer](https://sms4smile.com/quotes/about/customer/) [Faith](https://sms4smile.com/quotes/about/faith/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investing Benefit](https://sms4smile.com/quotes/about/investing-benefit-2535500/) [Knowing](https://sms4smile.com/quotes/about/knowing/) [Knowing Investing](https://sms4smile.com/quotes/about/knowing-investing-2535501/) [Knowing nothing](https://sms4smile.com/quotes/about/knowing-nothing/) [Media](https://sms4smile.com/quotes/about/media/) [Might](https://sms4smile.com/quotes/about/might/) [Passive](https://sms4smile.com/quotes/about/passive/) [Streets](https://sms4smile.com/quotes/about/streets/) [Unlearn](https://sms4smile.com/quotes/about/unlearn/) [Wall](https://sms4smile.com/quotes/about/wall/) [Wall St](https://sms4smile.com/quotes/about/wall-st/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) ## Related quotes > [Index investing is an investment strategy that Walter Mitty would love. It takes very little investment knowledge, no skill, practically no time or effort-and…](https://sms4smile.com/quotes/michael-leboeuf/index-investing-is-an-investment-strategy-that-walter-mitty-would/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [An asset allocation plan is based on your personal circumstances, goals, time-horizon, and need and willingness to take risk.](https://sms4smile.com/quotes/michael-leboeuf/an-asset-allocation-plan-is-based-on-your-personal-circumstances/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [It's important for you to understand that stock and bonds go up-and they go down. You need to be comfortable with that fact.](https://sms4smile.com/quotes/michael-leboeuf/it-s-important-for-you-to-understand-that-stock-and-bonds-go-up-and/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [The most important key to successful investing can be summed up in just two words-asset allocation.](https://sms4smile.com/quotes/michael-leboeuf/the-most-important-key-to-successful-investing-can-be-summed-up-in/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [A man who says “I have learned enough and will learn no further” should be considered as knowing nothing at all.](https://sms4smile.com/quotes/haile-selassie/a-man-who-says-i-have-learned-enough-and-will-learn-no-further-should/) [Haile Selassie](https://sms4smile.com/quotes/author/haile-selassie/) > [Among the most disheartening and dangerous of . . . advisors, you will often find those closest to you, your dearest friends, members of…](https://sms4smile.com/quotes/minnie-maddern-fiske/among-the-most-disheartening-and-dangerous-of-advisors-you-will-often/) [Minnie Maddern Fiske](https://sms4smile.com/quotes/author/minnie-maddern-fiske/) > [To know, is to know that you know nothing. That is the meaning of true knowledge. For a man who claims to have knowledge,…](https://sms4smile.com/quotes/socrates/to-know-is-to-know-that-you-know-nothing-that-is-the-meaning-of-true-2/) [Socrates](https://sms4smile.com/quotes/author/socrates/) > [The sure way of knowing nothing about life is to try to make oneself useful.](https://sms4smile.com/quotes/oscar-wilde/the-sure-way-of-knowing-nothing-about-life-is-to-try-to-make-oneself/) [Oscar Wilde](https://sms4smile.com/quotes/author/oscar-wilde/) > [A film is its own thing and in an ideal world I think a film should be discovered knowing nothing and nothing should be…](https://sms4smile.com/quotes/david-lynch/a-film-is-its-own-thing-and-in-an-ideal-world-i-think-a-film-should/) [David Lynch](https://sms4smile.com/quotes/author/david-lynch/) > [Too much openness and you accept every notion, idea, and hypothesis-which is tantamount to knowing nothing. Too much skepticism-especially rejection of new ideas before…](https://sms4smile.com/quotes/carl-sagan/too-much-openness-and-you-accept-every-notion-idea-and-hypothesis/) [Carl Sagan](https://sms4smile.com/quotes/author/carl-sagan/) > [I want to be as though new-born, knowing nothing, absolutely nothing... then I want to do something modest; to work out by myself a…](https://sms4smile.com/quotes/paul-klee/i-want-to-be-as-though-new-born-knowing-nothing-absolutely-nothing/) [Paul Klee](https://sms4smile.com/quotes/author/paul-klee/) > [The Fascist accepts life and loves it, knowing nothing of and despising suicide; he rather conceives of life as duty and struggle and conquest,…](https://sms4smile.com/quotes/benito-mussolini/the-fascist-accepts-life-and-loves-it-knowing-nothing-of-and/) [Benito Mussolini](https://sms4smile.com/quotes/author/benito-mussolini/) > [My kids have grown up knowing nothing other than me being gone all the time and playing in golf tournaments. That's what they know.](https://sms4smile.com/quotes/stewart-cink/my-kids-have-grown-up-knowing-nothing-other-than-me-being-gone-all/) [Stewart Cink](https://sms4smile.com/quotes/author/stewart-cink/) > [To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-you-need-not-understand-beta-efficient-markets/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Nobody knows anything, but I, knowing nothing, am the smartest man in the world.](https://sms4smile.com/quotes/socrates/nobody-knows-anything-but-i-knowing-nothing-am-the-smartest-man-in/) [Socrates](https://sms4smile.com/quotes/author/socrates/) ## More by Michael LeBoeuf > [The things that get rewarded, get done](https://sms4smile.com/quotes/michael-leboeuf/the-things-that-get-rewarded-get-done/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [Index investing is an investment strategy that Walter Mitty would love. It takes very little investment knowledge, no skill, practically no time or effort-and…](https://sms4smile.com/quotes/michael-leboeuf/index-investing-is-an-investment-strategy-that-walter-mitty-would/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [Every company's greatest assets are its customers, because without customers there is no company.](https://sms4smile.com/quotes/michael-leboeuf/every-company-s-greatest-assets-are-its-customers-because-without/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [Adversity is an experience, not a final act.](https://sms4smile.com/quotes/michael-leboeuf/adversity-is-an-experience-not-a-final-act/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [It's important for you to understand that stock and bonds go up-and they go down. You need to be comfortable with that fact.](https://sms4smile.com/quotes/michael-leboeuf/it-s-important-for-you-to-understand-that-stock-and-bonds-go-up-and/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [An asset allocation plan is based on your personal circumstances, goals, time-horizon, and need and willingness to take risk.](https://sms4smile.com/quotes/michael-leboeuf/an-asset-allocation-plan-is-based-on-your-personal-circumstances/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [Too many start up business fail simply because their owners continue to think and act like employees.](https://sms4smile.com/quotes/michael-leboeuf/too-many-start-up-business-fail-simply-because-their-owners-continue/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [The greatest management principle in the world is: 'the things that get rewarded and appreciated get done.'](https://sms4smile.com/quotes/michael-leboeuf/the-greatest-management-principle-in-the-world-is-the-things-that-get/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [The most important key to successful investing can be summed up in just two words-asset allocation.](https://sms4smile.com/quotes/michael-leboeuf/the-most-important-key-to-successful-investing-can-be-summed-up-in/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [All of us live at the feeling level, and our feelings are in large part a result of the way we perceive things. You…](https://sms4smile.com/quotes/michael-leboeuf/all-of-us-live-at-the-feeling-level-and-our-feelings-are-in-large/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [Waste your money and you're only out of money, but waste your time and you've lost a part of your life.](https://sms4smile.com/quotes/michael-leboeuf/waste-your-money-and-you-re-only-out-of-money-but-waste-your-time-and/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [We talk about saving time and killing time when actually we can't do either. We have no choice but to spend it at a…](https://sms4smile.com/quotes/michael-leboeuf/we-talk-about-saving-time-and-killing-time-when-actually-we-can-t-do/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [The ultimate goal of a more effective and efficient life is to provide you with enough time to enjoy some of it.](https://sms4smile.com/quotes/michael-leboeuf/the-ultimate-goal-of-a-more-effective-and-efficient-life-is-to/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [As for worrying about what other people might think - forget it. They aren't concerned about yours. They're too busy worrying about what you…](https://sms4smile.com/quotes/michael-leboeuf/as-for-worrying-about-what-other-people-might-think-forget-it-they/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [A Financial Research Corporation study determined that the expense ratio is the only reliable predictor of future mutual fund performance.](https://sms4smile.com/quotes/michael-leboeuf/a-financial-research-corporation-study-determined-that-the-expense/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) [Explore all 20 Michael LeBoeuf quotes ](https://sms4smile.com/quotes/author/michael-leboeuf/) ## More Belief quotes > [“Cine a ucis stelele? Cine a surpat drumul spre viitor al celor din morminte?”](https://sms4smile.com/quotes/ionel-teodoreanu/cine-a-ucis-stelele-cine-a-surpat-drumul-spre-viitor-al-celor-din/) [Ionel Teodoreanu](https://sms4smile.com/quotes/author/ionel-teodoreanu/) > [“MIND & GRIND Self-belief and hard work can propel you past more talented peers”](https://sms4smile.com/quotes/kamil-ali/mind-grind-self-belief-and-hard-work-can-propel-you-past-more/) [Kamil Ali](https://sms4smile.com/quotes/author/kamil-ali/) > [Philosopher is a dictator who modifies accepted standards with his thoughts.](https://sms4smile.com/quotes/ilkin-santak/philosopher-is-a-dictator-who-modifies-accepted-standards-with-his/) [Ilkin Santak](https://sms4smile.com/quotes/author/ilkin-santak/) > [There is something about the South that accepts the supernatural. If you don't accept it and you're having a conversation with someone who does,…](https://sms4smile.com/quotes/alice-englert/there-is-something-about-the-south-that-accepts-the-supernatural-if/) [Alice Englert](https://sms4smile.com/quotes/author/alice-englert/) > [It took me 20 years of hard training to get the physique I have today. what you need is what i had - BELIEF…](https://sms4smile.com/quotes/branch-warren/it-took-me-20-years-of-hard-training-to-get-the-physique-i-have-today/) [Branch Warren](https://sms4smile.com/quotes/author/branch-warren/) > [“Here is a fundamental difference between the man of faith and the man of unbelief. The unbeliever is 'of the world', judges everything by…](https://sms4smile.com/quotes/arthur-w-pink/here-is-a-fundamental-difference-between-the-man-of-faith-and-the-man/) [Arthur W. Pink](https://sms4smile.com/quotes/author/arthur-w-pink/) > [“She herself vacillated when it came to belief. She did not particularly believe in God. Or, rather, she didn't believe in a particular God.…](https://sms4smile.com/quotes/allegra-goodman/she-herself-vacillated-when-it-came-to-belief-she-did-not/) [Allegra Goodman](https://sms4smile.com/quotes/author/allegra-goodman/) > [Let us remember that every worldview-not just Christianity's-must give an explanation or an answer for evil and suffering...this is not just a problem distinctive…](https://sms4smile.com/quotes/ravi-zacharias/let-us-remember-that-every-worldview-not-just-christianity-s-must/) [Ravi Zacharias](https://sms4smile.com/quotes/author/ravi-zacharias/) > [“Rigid traditions capture souls prisons of spiritual thought man’s religion has captured a god grown too small and very weak.”](https://sms4smile.com/quotes/david-w-earle/rigid-traditions-capture-souls-prisons-of-spiritual-thought-man-s/) [David W Earle](https://sms4smile.com/quotes/author/david-w-earle/) > [We can find common qualities and common values that have made Britain the country it is. Our belief in tolerance and liberty which shines…](https://sms4smile.com/quotes/gordon-brown/we-can-find-common-qualities-and-common-values-that-have-made-britain/) [Gordon Brown](https://sms4smile.com/quotes/author/gordon-brown/) > [The inner defenses are unconscious. They consist of a kind of magic aura which the mind builds around cherished belief. Arguments which penetrate into…](https://sms4smile.com/quotes/arthur-koestler/the-inner-defenses-are-unconscious-they-consist-of-a-kind-of-magic/) [Arthur Koestler](https://sms4smile.com/quotes/author/arthur-koestler/) > [I have tried to resign myself, and to console myself; and that, I hope, I may have done imperfectly; but what I cannot firmly…](https://sms4smile.com/quotes/charles-dickens/i-have-tried-to-resign-myself-and-to-console-myself-and-that-i-hope-i/) [Charles Dickens](https://sms4smile.com/quotes/author/charles-dickens/) > [In business, as in politics, it is never easy to go against the beliefs and attitudes held by the majority. The businessman who moves…](https://sms4smile.com/quotes/j-paul-getty/in-business-as-in-politics-it-is-never-easy-to-go-against-the-beliefs/) [J. Paul Getty](https://sms4smile.com/quotes/author/j-paul-getty/) > [There's no greatest moment in the arts. It's a life; it's a continuity thing. You can't have a great moment because it's spiritual. It's…](https://sms4smile.com/quotes/leroy-neiman/there-s-no-greatest-moment-in-the-arts-it-s-a-life-it-s-a-continuity/) [LeRoy Neiman](https://sms4smile.com/quotes/author/leroy-neiman/) > [To preserve an unclouded capacity for the enjoyment of life is an unusual moral and psychological achievement. Contrary to popular belief, it is not…](https://sms4smile.com/quotes/nathaniel-branden/to-preserve-an-unclouded-capacity-for-the-enjoyment-of-life-is-an/) [Nathaniel Branden](https://sms4smile.com/quotes/author/nathaniel-branden/) [Browse all 10,268 Belief quotes ](https://sms4smile.com/quotes/about/belief/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Knowing nothing about investing might be a benefit. 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