This is the situation. You are in front of a new investment decision. You have asked Mr Knowsit over there, you consult your best friend, you inform in a indirect way about a certain issue - “Why do you ask,” is the response and at the end, loaded with information and opinions you have gathered, you think by yourself: “I do it anyway”.
Knowledge management is a process we are not always aware of, but knowledge issue show up when ever you enter uncharted territories.
Take the investment area. This is a wide area of different domains with each their own specialism. If someone would tip you to invest in art - because now is the time - you would certainly need a lot of help. How would you otherwise value a painting or sculpture?
That’s why knowledge management starts with a basic truth: unknown, unloved.
And this equation is not even that weird. Imagine what you would have to learn in order to master a new investment game like investing in art, philately, real estate or — having reached the retirement age — you want to consolidate your investments by turning stocks into bonds. Which is a complete different ball game.
But there is something else, even more relevant for the new investor or for those who are seeking new investment opportunities.
And this is called: Self-Knowledge.
Self-knowledge solves many investment problems by avoiding those strategies or opportunities that do not fit. Much, if not all of knowledge (management) starts with self-knowledge (management).
© 2006 Hans Bool
Hans Bool is the founder of Astor White a traditional management consulting company that offers online management advice. Astor Online solves issues in hours what normally would take days.
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