The most thought-provoking thing today is this image— In investing, the hardest part isn’t predicting, but being honest about your knowledge. - You need to know what you truly understand—that’s your circle of competence. - You need to know what you don’t understand—that’s your bottom line for avoiding risk. - You need to know what things, even if understood, won’t help the outcome—that’s your trade-off to stay focused. - And most importantly, you need to admit there are always things you don’t know you don’t know—that’s the market’s greatest weapon against you. Many people lose money not because they don’t understand, but because they *think* they understand, and then lose all their profits—or even their principal—in one go! The brutal part of the market is that it can hand you a blind spot invoice at any time, making you pay the price of ignorance with real money. True investment wisdom is about constantly expanding your boundaries while always maintaining a sense of humility. Never underestimate a single penny, and never underestimate anyone who has made money—no matter how they made it!