Ever been in this situation?
Somebody is going on and on about some subject, not realizing he's using lingo that may as well be in Chinese, and never stop to think that maybe nobody has any idea what he's talking about.
Yeah, me too.
The problem is, some people know so much, they don't realize just how much they know. They assume you know what they do.
If I said to you, "Power over education is not delegated to the federal government but reserved to the states under the Tenth Amendment," you know exactly what I mean. But to my freshman students in my professor days, this was like ancient Greek.
In economics and finance, even something as basic as "The Fed is buying Treasuries" already loses plenty of otherwise informed people.
Once in a while, we need someone who says, "By the way, for any beginners listening, here's exactly what that means."
Same thing goes for business, obviously.
There are plenty of information products and training courses out there that can benefit you, but much of the time the basic, starter things you need to know are left out -- because, again, they assume you already know them.
But you probably don't.
And this is a case of: what you don't know can really, really hurt you -- financially and even legally.
Here is the knowledge they leave out:
Tom Woods