March 02, 2009

Knowing is more them having

About 1,5 years ago I decided to go overseas to study. I had that dream for a while but for one reason or the other I had not done it. However that moment seem very appropriate.

I started looking for it and found all the information's needed. I liked everything but one thing. It was a very expensive thing to do.  I looked for scholarships and they were available however if I wanted them I would have to wait at least one more year and that could have completed cancelled the possibility of coming due to several personal and professional issues.

The thing is, I had money for that. I`ve been working since I was a teenager and I managed to save money for that. I had just enough with a certain margin of safety (and of course if something REALLY out of control, a special Cause happened, I had some emergency alternatives in place). But was it worth? Would not I be better off keeping it, or using it to help me buy a flat or something else?

The first answer to my problem came from my financial background. I calculated what this degree could bring to me in terms of salary increase and compared it to what the overall amount of money would give me interest-wise in a low risk application (if you prefer, made an economical cost calculation using the cost of opportunity concept).  It made sense to spend it that way.

Second I had a very nice conversation with an uncle I have.  And he reminded me of something I always said but had forgotten. What you know is worth much more then what you have. That is specially true when we are young. Knowledge is the best possible asset. No one will never be able to take it away from you. And in this digital workd even more. That was the killing argument, and perhaps the main reason why I am here in the first place.

Therefore it makes all sense the people and organisations should do their best to manage knowledge, to try to make the best out of it. That`s actually what they are paying for when hiring people, specially expensive ones.



- 3 comments by 2 or more people Not publicly viewable

  1. That’s true. Everyone need to manage their own knowledge before we came here.

    03 Mar 2009, 23:02

  2. Paul Roberts

    If I may add to what your Uncle said Francisco, in addition to what you know it is important to know how to know more. Knowledge is ephemeral and so having the skills to tap into the latest knowledge, make sense of it and be able to apply it to your own situation adds even more value to your contribution. Hopefully, this year on MBE is helping in this respect.

    12 Mar 2009, 09:31

  3. Paul, definitely is….

    12 Mar 2009, 21:19


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