yo mam evam asammudho janati purushottamam sa sarva-vid bhajati mam sarva-bhavena bharata
Translation
Whoever knows Me as the Supreme Personality of Godhead, without doubting, is the knower of everything. He therefore engages himself in full devotional service to Me, O son of Bharata.
Commentary by Srila Prabhupada
There are many philosophical speculations about the constitutional position of the living entities and the Supreme Absolute Truth. Now in this verse the Supreme Personality of Godhead clearly explains that anyone who knows Lord Krishna to be the Supreme Person is actually the knower of everything. The imperfect knower goes on simply speculating about the Absolute Truth, but the perfect knower, without wasting his valuable time, engages directly in Krishna consciousness, the devotional service of the Supreme Lord. Throughout the whole of Bhagavad-gita, this fact is being stressed at every step. And still there are so many stubborn commentators on Bhagavad-gita who consider the Supreme Absolute Truth and the living entities to be one and the same.
Vedic knowledge is called shruti, learning by aural reception. One should actually receive the Vedic message from authorities like Krishna and His representatives. Here Krishna distinguishes everything very nicely, and one should hear from this source. Simply to hear like the hogs is not sufficient; one must be able to understand from the authorities. It is not that one should simply speculate academically. One should submissively hear from Bhagavad-gita that these living entities are always subordinate to the Supreme Personality of Godhead.
Anyone who is able to understand this, according to the Supreme Personality of Godhead, Sri Krishna, knows the purpose of the Vedas; no one else knows the purpose of the Vedas.
The word bhajati is very significant. In many places the word bhajati is expressed in relationship with the service of the Supreme Lord. If a person is engaged in full Krishna consciousness, in the devotional service of the Lord, it is to be understood that he has understood all the Vedic knowledge. In the Vaishnava parampara it is said that if one is engaged in the devotional service of Krishna, then there is no need for any other spiritual process for understanding the Supreme Absolute Truth. He has already come to the point, because he is engaged in the devotional service of the Lord. He has ended all preliminary processes of understanding. But if anyone, after speculating for hundreds of thousands of lives, does not come to the point that Krishna is the Supreme Personality of Godhead and that one has to surrender there, all his speculation for so many years and lives is a useless waste of time.
Commentary by Sri Visvanatha Cakravarti Thakur
"Though this has been established by you, philosophers will argue over the meaning."
Let them argue! They are bewildered by my maya, and the devotee is not bewildered. He who is not bewildered by the arguments of these philosophers (asammudhah) knows everything. Even though he has not studied the scriptures, he is the knower of the meaning of all scriptures. The other person, though he has indeed studied and taught all the scriptures, is really a complete fool (sam mudhah). He who knows worships me with complete love. The other person, though he worships something, does not worship me.
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