Explain This Quote "One Thing I Know Is I Know Nothing"

Explain this quote "One thing I know is I know nothing"  

The idea of the quote is in order to gain knowledge, one must submit to humility. To acquire wisdom, we must first be open minded. In my perspective, when you admit that you know nothing is to be open your mind to many possibilities of knowledge. Rather than to be limited by the perception of knowing everything already, you are submitting yourself of possibilities of shutting of further knowledge. In arrogance there is ignorance and in humility there is wisdom attained.

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