An idea or a fact is not worth more merely because it's more available to you.
Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all the facts and truly know what you know and know what you don't know. That's your probability edge.
It will be readily admitted, that a degree conferred by an university, ought to be a pledge to the public that he who holds it possesses a certain quantity of knowledge.
History teaches us that a given view has been abandoned in favor of another by all men, or by all competent men, or perhaps by only the most vocal men; it does not teach us whether the change was sound or whether the rejected view deserved to be rejected. Only an impartial analysis of the view in question, an analysis that is not dazzled by the victory or stunned by the defeat of the adherents of the view concerned - could teach us anything regarding the worth of the view and hence regarding the meaning of the historical change.
Who knows what we’ll need to learn thirty years from now? We do know that we will need to be good at searching for information, collating it, and figuring out whether it is right or wrong.
It's good to know how to read, but it's dangerous to know how to read and not how to interpret what you're reading.
The teacher ought also to be specially on his guard against taking unfair advantage of the student’s immaturity by indoctrinating him with the teacher’s own opinions before the student has had an opportunity fairly to examine other opinions upon the matters in question, and before he has sufficient knowledge and ripeness of judgment to be entitled to form any definitive opinion of his own.
This is an extract from a well-known standard for college professors.
Standardized tests don't care if you're white or black, short or tall, or even the rate at which you learned the course material. At the end of the day, all it cares about is whether you know what you're supposed to know. It can't be cheated, bent, or bargained with.
But it remains the case that you know what is wrong with a lot more confidence than you know what is right.
A good engineering interview will include some set of difficult problems to solve. It might even require that the candidate write a short program. In addition, it will test the candidate's knowledge of the tools she uses in great depth.
I often say that when you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind.
In Boston they ask, how much does he know? In New York, how much is he worth? In Philadelphia, who were his parents?
...it was like an examination paper that asks grammar, when what you want to be asked is Kings of England.
Well, how do I know that they don't know the answer unless I ask?
I should have liked to be asked to say what I knew. They always tried to ask what I did not know. When I would have willingly displayed my knowledge, they sought to expose my ignorance. This sort of treatment had only one result: I did not do well in examinations