There is "emotional knowledge" and "intellectual knowledge".

The emotional knowledge is if I really understood something in my inner core. Lived knowledge if you like. I can get taught that crypto markets are very volatile for example and on an intellectual knowledge standpoint I might understand why and how to act accordingly.

But to really understand it I have to experience it myself and then how I react and if I really understood it.

As Tony Robbins said "Knowledge is not power…it’s potential power. Execution will trump knowledge any day."

very good read.