“Risk comes from not knowing what you’re doing”
— Warren Buffett
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Simplified Meaning:
When you don't understand what you're working on or the situation you're in, things become risky. Think about walking in a dark room without a flashlight; you might stumble or bump into something because you can't see where you're going. Similarly, if you don't know the details of a project or task, you are more likely to make mistakes or face problems. For example, investing money in a business you haven't researched might lead to losing a lot of cash. To avoid these risks, it's important to learn and gather information before jumping into new activities. By being informed and prepared, you can make better decisions and handle challenges more effectively.
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Decision making Education Financial literacy Ignorance Investment strategy Knowledge Planning Risk management Self-awareness UncertaintyFEATURED QUOTES
