I know that I know nothing. “I know that I know nothing” is a saying derived from Plato’s account of the Greek philosopher Socrates. It is also called the Socratic paradox. The phrase is not one that Socrates himself is ever recorded as saying.Click to see full answer. Hereof, why did Socrates say I know that I know nothing?Socrates probably possessed something which is described unofficially as “low latent inhibition”. This means that he started thinking from the start about anything he experienced as if he didn’t know about it before. So he never “knew anything” when he started talking.Secondly, what does the only true wisdom is in knowing you know nothing? It’s facts without the experience which means they haven’t earned it nor do they own it for themselves. In other words, the knowledge never made it to their heart to produce any positive change. Socrates had it right! If you understand that you don’t know everything and have a desire to learn you will never lose. Subsequently, one may also ask, what does all I know is that I know nothing mean? It means that no matter how much you know it is a limited amount and probably not much compared to what you don’t know/can’t understand. On the other hand what you don’t know can be anything up to an infinite amount of knowledge way beyond our comprehension.What does the quote True knowledge exists in knowing that you know nothing?Socrates: True knowledge exists in knowing that you know nothing. And in knowing that you know nothing, that makes you the smartest of all.