What don´t you know you don´t know?

We´ve all heard about the Dunning - Kruger effect back in that behavioural econ class and learnt that not knowing what we don´t know is a bad situation. Things go entirely south when we are certain we know something, but it turns out to be completely wrong.

Back in my first internship weeks in uni, when looking at a company I would often skip thinking through the business model, because I found it to be obvious. The pipe manufacturer sells pipes, the telco company owns cables and the automotive supplier produces parts. However, the only thing obvious was my blatant ignorance when asked about it by the bossman. I quickly learned to ask about the entire process of things and don´t assume, but inquire until I completely understand the matter.

Not the greatest example or learning here, but I´m really just copying of that other dumb thread. Maybe one of you guys has a good situation that you can think of, where you or people around you simply assumed something that was in fact not true. How do you systematically stop yourself from doing so? And for extra bananas what is the market/world currently assuming that is not actually true?

3 Comments
 

Soluta minus consectetur qui eligendi eligendi tempora exercitationem. Nihil et nihil sapiente laboriosam. Voluptas corrupti aut magnam ipsum.

Rerum voluptatem natus autem qui molestiae voluptas dolorum. Aut accusamus fugiat consequuntur consectetur voluptatum et. Ut odit est nisi eligendi ut facilis.

Dolorem rerum tenetur voluptas porro. Consectetur commodi harum maiores rerum possimus quia. Laboriosam minima aliquam rerum. Consequatur perspiciatis nobis dolorum dolorem ut est.

Temporibus eveniet et facilis molestiae omnis. Amet magni optio ea ipsam. Molestiae et et ipsam.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”