Faustus sells his soul for knowledge, then squanders it. Does this suggest that the quest for knowledge is inherently flawed?

Book: Christopher Marlowe’s The Tragical History of Dr. Faustus
http://www.lem.seed.pr.gov.br/arquivos/File/livrosliteraturaingles/faustus.pdf
Question: Faustus sells his soul for knowledge, then squanders it. Does this suggest that the quest for knowledge is inherently flawed? What role does ego play in the issue?
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