Theory versus Practice

Amar Pandit , CFA , CFP

Amar Pandit

A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

Several years ago, I read a joke based on human behavior. The wisdom in it is something I have seen at play throughout my life. I bet you would have too. The best part is this is common in our industry/profession.

“I know this works in practice but does this work in theory.”

Reread it again…Meditate on the line…

Many people still act this line in real life.

What do I mean by this?

Even after you show them how a certain thing works in practice (or practical terms), they still are unable to make a decision…There is an invisible question in their heads, “Sure this works in practice, but does this work in theory too?”

Is this a question in your head too?

Do you need something to work in theory even if it works in practice?