Act On Your Knowledge
July 21, 2012 9 Comments
The diagram on the left is from http://wamyentrepreneur.wordpress.com/2012/07/21/route-to-possession_part-two/
It drives home a very important point:If you would be wealthy knowledge is important, but acting on your knowledge is more important.You make money in proportion to the amount of Right Action you have done rather than Right Information/Knowledge/Thoughts you have.As the author puts it ” Knowledge is not possession, this is to say that to know does not imply automatic acquiring; it merely opens our eyes to possibilities and like belief, it must be acted upon for it to yield fruits…”
A person who picks a good stock at random and a person who does so using a fundamental analysis of the company are at the same situation.They have arrived at the right prospect.Now the important thing is who buys how much and hangs on to it.The only advantage the person who can do the analysis has over the other is that he can find other opportunities.But in life just one right decision and one right action can make a person wealthy (and the reverse is also true.)
An action bias is fundamental to becoming wealthy.Knowledge,experience and patience just help fine tune one’s ability to accumulate wealth.
About Keerthika Singaravel
wealthymatters 
thanks for this intriguing post.
Glad you liked it
It is a core idea of mine that knowledge is useless unless it is acted upon, to become practical wisdom through the “doing”. In teleology you have purpose, and good action is defined by the action that meets that purpose.
How did you reach this point in your personal philosophy?
Hard one to answer for there is no one magical ingredient to this. I suffered, I read, I questioned, I reflected.
I learnt it the hard way.People who knew less than me got ahead.When I got over being emotional.I found my answer.
The process that got me to this point, and is ongoing, has also held me back as others less able than me got ahead. It is a tortoise and hare situation, the less able eventually get overtaken.
Reblogged this on Sunnyace Reblog Collections.
Thanks for the reblog Sunnyace