The uncertainty principle is an important element of quantum mechanics. It deals with certain pairs of physical parameters which cannot be determined to an arbitrary level of precision at the same time. According to the so-called Copenhagen interpretation of quantum mechanics, this uncertainty is an intrinsic property of the physical world. – This paper intends to show that there are good reasons for adopting a different view. According to the author, the uncertainty is not a property of the physical world but rather a limitation of our knowledge about the actual state of a physical process. This view conforms to the quantum theory of Louis de Broglie and to Albert Einstein’s interpretation.