CHAPTER XIII KNOWLEDGE, ERROR, AND PROBABLE OPINION THE question as to what we mean by truth and falsehood, which we considered in the preceding chapter, is of much less interest than the question as to how we can know what is true and what is false. This question will occupy us in the present chapter. There can be no doubt that some of our beliefs are erroneous; thus we are led to inquire what certainty we can ever have that such and such a belief is not erroneous. In other words, can we ever know anything at all, or do we merely sometimes by good luck believe what is true? Before we can attack this question, we must, however, first decide what we mean by 'knowing', and this question is not so easy as might be supposed. At first sight we might imagine that knowledge could be defined as 'true belief'. When what we believe is true, it might be supposed that we had achieved a knowledge of what we believe. But this would not accord with the way in which the word is commonly used. To take a very trivial instance: If a man believes that the late Prime Minister's last name began with a B, he believes what is true, since the late Prime Minister was Sir Henry Campbell Bannerman. But if he believes that Mr. Balfour was the late Prime Minister, he will still believe that the late Prime Minister's last name began with a B, yet this belief, though true, would not be thought to constitute knowledge. If a newspaper, by an intelligent anticipation, announces the result of a battle before any telegram giving the result has been received, it may by good fortune announce what afterwards turns out to be the right result, and it may produce belief in some of its less experienced readers. But in spite of the truth of their belief, they cannot be said to have knowledge. Thus it is clear that a true belief is not knowledge when it is deduced from a false belief
Sorry, it is. It has nothing to do with trading. It's turn-of-the-century dogma, like "The Urantia Book".
Ooooh, there's a new scientific one I read recently! ooh oooh, this one is great, from the scientific standpoint. Lemme see if I can dig up a link.
Muhahaha, you gotta' read this one, but get it from a local library. Don't pay for it. OMG it is soooo bad (if you're into physics). http://www.nullphysics.com/