The thesis that every truth is knowable is usually glossed by decomposing knowability into possibility and knowledge. Under elementary assumptions about possibility and knowledge, considered as modal operators, the thesis collapses the distinction between truth and knowledge (as shown by the so-called Fitch-argument). We show that there is a more plausible interpretation of knowability—one that does not decompose the notion in the usual way—to which the Fitch-argument does not apply. We call this the potential knowledge-interpretation of knowability. We compare our (...) interpretation with the rephrasal of knowability proposed by Edgington and Rabinowicz and Segerberg, inserting an actuality-operator. This proposal shares some key features with ours but suffers from requiring specific transworld-knowledge. We observe that potential knowledge involves no transworld-knowledge. We describe the logic of potential knowledge by providing models for interpreting the new operator. Finally we show that the knowability thesis can be added to elementary conditions on potential knowledge without collapsing modal distinctions. (shrink)