Choose the right books:<ul><li>Don't waste time on most books </li><li>Filtering books = better mental material </li></ul>

Improving Your Reading Experience

Don't underestimate the basics! They are the key to effective thinking.By understanding simple ideas deeply, we can build lasting knowledge and easily grasp complex ideas. In short: get the basics right and everything else falls into place.<ul><li>Basic knowledge is important!</li><li>It helps predict what matters.</li><li>And it saves us from having to learn new things all the time.</li></ul>

Deep Simplicity

The Lindy Effect teaches us that what has been around, will continue to be around. It is like saying, "What has been, will be." The longer something lives, the longer we can expect it to continue to live.For example, if a book has been in print for forty years, we can bet it will be in print for another forty years. The longer it survives, the longer it is expected to continue surviving. So, if it's still around after a decade, it will probably be around for another fifty years to come.

Familiarity and Survival: The Lindy Effect

Did you know most people read the same popular books for the social reward of being able to discuss them? Unfortunately, this limits the ideas in your mind to those of everyone else.

Reading The Same Thing As Everyone Else

<ul><li>Knowlege has a half-life. - Focus on reading basic ideas that have stood the test of time. </li><li>Useful knowledge = broad-based multidisciplinary education of the basics. </li><li>These ideas last a long time. - By last, they mean mathematical expectation.</li></ul>Combine these concepts to better understand them.

Understanding Time-Tested Ideas

Take a simple idea and take it seriously.

Improving what you get out of reading starts with choosing the right books. Most books are a waste of time. This article gives you two simple ideas that you can stop wasting time on books that you forget in a few days and pick the most valuable book every time. Spending a little time filtering books, dramatically improves the quality of the raw material you put into your mind. Here is a simple two-step process you can use. <h2>1. Deep Simplicity</h2>Get back to basics. Understanding the basics, as boring as it sounds, is one of the key <a href="https://fs.blog/elements-effective-thinking/" dir="ltr">elements of effective thinking</a>. A lot of people assume the basics are not important and never really take the time to learn them, preferring <a href="https://fs.blog/complexity-bias/" dir="ltr">the sexiness of complexity</a>. Understanding a simple idea deeply, however, creates more lasting knowledge and builds a solid foundation for complex ideas later.<BLOCKQUOTE>The more basic knowledge you have … the less new knowledge you have to get.<cite>— Charlie munger</cite></BLOCKQUOTE>Build your foundation. The key here is brutal honesty with yourself about <a href="https://fs.blog/circle-of-competence/" dir="ltr">what you really know</a>. Take the time to do a <a href="https://fs.blog/feynman-technique/" dir="ltr">Feynman One Pager</a> on an idea you think you know really well. While easy, this process will reveal any gaps you have in your knowledge.The multidisciplinary mind understands the basic ideas. Acquiring <a href="https://fs.blog/mental-models/" dir="ltr">the basic mental models from multiple disciplines</a> allows you to see things that other people can’t. You don’t need to understand the latest study in biology, but you sure as heck better understand the concept of evolution because it applies to so much more than animals.Understanding the basics allows us to predict what matters.&nbsp;Put simply, people who understand the basics are better at understanding <a href="https://fs.blog/second-order-thinking/" dir="ltr">second and subsequent order consequences</a>. Plus, how are we to have a chance of understanding complex ideas without a firm understanding of the basics.Remember, the slightest wind blows over a house without a foundation.<h2>2. Let Time Filter Books</h2>What has been will continue to&nbsp;be. The second idea is the Lindy Effect, which is just a fancy way of saying what’s been around will continue to be around. In his book <a href="https://amzn.to/3RySfzT" dir="ltr">Antifragile</a>, author Nassim Taleb, who builds on the idea of Benoit Mandelbrot, writes:<BLOCKQUOTE>For the perishable, every additional day in its life translates into a shorter additional life expectancy. For the nonperishable, every additional day may imply a longer life expectancy. So the longer a technology lives, the longer it can be expected to live.</BLOCKQUOTE>The nonperishable is anything that does not have organic or avoidable expiration dates.Time can predict value. While produce and humans have a mathematical life expectancy that decreases with each day, some things, like books, increase in life expectancy with each passing day.<BLOCKQUOTE>The perishable is typically an object, the nonperishable has an informational nature to it. A single car is perishable, but the automobile as a technology has survived about a century (and we will speculate should survive another one). Humans die, but their genes—a code—do not necessarily. The physical book is perishable—say, a specific copy of the Old Testament—but its contents are not, as they can be expressed into another physical book.</BLOCKQUOTE>When I see a toddler walking down the street holding the hands of their grandparents, I can reasonably assert that the toddler will survive the elder. When something is nonperishable that is not the case.Taleb writes:<BLOCKQUOTE>We have two possibilities: either both are expected to have the same additional life expectancy (the case in which the probability distribution is called exponential), or the old is expected to have a longer expectancy than the young, in proportion to their relative age. In that situation, if the old is eighty and the young is ten, the elder is elected to live eight times as long as the younger one.</BLOCKQUOTE>Here is a chart Taleb provides in his book:<figure><img width="511" height="338" src="https://149664534.v2.pressablecdn.com/wp-content/uploads/2013/07/Life-Expectancy.png" alt="Life Expectancy" srcset="https://149664534.v2.pressablecdn.com/wp-content/uploads/2013/07/Life-Expectancy-300x198.png 300w, https://149664534.v2.pressablecdn.com/wp-content/uploads/2013/07/Life-Expectancy.png 511w"><figcaption dir="auto">Source: Antifragile</figcaption></figure>The longer something non-perishable has lived, the longer we can expect it to live.<BLOCKQUOTE>If a book has been in print for forty years, I can expect it to be in print for another forty years. But, and that is the main difference, if it survives another decade, then it will be expected to be in print another fifty years.</BLOCKQUOTE>This is where Taylor Pearson <a href="https://taylorpearson.me/the-cat-furniture-problem/" rel="noreferrer" dir="ltr">helped me</a> put something together that I was just too stupid to do myself. He connects reading to the Lindy effect.Pearson writes:<BLOCKQUOTE>If you were to look at a typical person’s reading list, the vast majority of books would be crammed into the recent, low-value portion of the curve while many fewer books would occupy the much larger high-value, older section of the curve.So your ROI on reading and understanding a concept from 500 years ago is highly likely to be exponentially greater in the long run than one presented only 5 years ago.What I’m trying to get at is that the more fundamental or closer to the source that you move, the better the ROI in the long run.</BLOCKQUOTE>Older isn’t better, it’s exponentially better.&nbsp;Most people read the same new books that everyone else has read, not necessarily for the ideas but for the social reward of being able to talk about them with others. Reading the same thing as everyone else is only going to put the same ideas in your head that everyone else has. If you want new ideas, read old books. <h2>Understanding Time-Tested Ideas</h2>So let’s combine these ideas and focus on reading basic ideas that have stood the test of time as a means to understanding them better.<a href="https://fs.blog/half-life/" dir="ltr">Knowledge has a half-life</a>. The most useful knowledge is a broad-based multidisciplinary education of the basics. These ideas are ones that have lasted, and thus will last, for a long time. And by last, I mean mathematical expectation; I know what will happen in general but not each individual case.In the words of Charlie Munger, “take a simple idea and take it seriously.”If you’re still curious, check out <a href="https://fs.blog/reading/" dir="ltr">our guide to reading better</a>. Read Next

Improving what you get out of reading starts with choosing the right books. Most books are a waste of time. This article gives you two simple ideas that you can stop wasting time on books that you forget in a few days and pick the most valuable book every time.

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Improving what you get out of reading starts with choosing the right books. Most books are a waste of time. This article gives you two simple ideas that you can stop wasting time on books that you forget in a few days and pick the most valuable book every time.

Spending a little time filtering books, dramatically improves the quality of the raw material you put into your mind.

Here is a simple two-step process you can use.

Get back to basics. Understanding the basics, as boring as it sounds, is one of the key <a href="https://fs.blog/elements-effective-thinking/">elements of effective thinking </a>. A lot of people assume the basics are not important and never really take the time to learn them, preferring <a href="https://fs.blog/complexity-bias/">the sexiness of complexity </a>. Understanding a simple idea deeply, however, creates more lasting knowledge and builds a solid foundation for complex ideas later.

The more basic knowledge you have … the less new knowledge you have to get.

Build your foundation. The key here is brutal honesty with yourself about <a href="https://fs.blog/circle-of-competence/">what you really know </a>. Take the time to do a <a href="https://fs.blog/feynman-technique/">Feynman One Pager </a>on an idea you think you know really well. While easy, this process will reveal any gaps you have in your knowledge.

The multidisciplinary mind understands the basic ideas. Acquiring <a href="https://fs.blog/mental-models/">the basic mental models from multiple disciplines </a>allows you to see things that other people can’t. You don’t need to understand the latest study in biology, but you sure as heck better understand the concept of evolution because it applies to so much more than animals.

Understanding the basics allows us to predict what matters.  Put simply, people who understand the basics are better at understanding <a href="https://fs.blog/second-order-thinking/">second and subsequent order consequences </a>. Plus, how are we to have a chance of understanding complex ideas without a firm understanding of the basics.

Remember, the slightest wind blows over a house without a foundation.

What has been will continue to be . The second idea is the Lindy Effect, which is just a fancy way of saying what’s been around will continue to be around. In his book <a href="https://amzn.to/3RySfzT">Antifragile </a> , author Nassim Taleb, who builds on the idea of Benoit Mandelbrot, writes:

For the perishable, every additional day in its life translates into a shorter additional life expectancy. For the nonperishable, every additional day may imply a longer life expectancy. So the longer a technology lives, the longer it can be expected to live.

The nonperishable is anything that does not have organic or avoidable expiration dates.

Time can predict value. While produce and humans have a mathematical life expectancy that decreases with each day, some things, like books, increase in life expectancy with each passing day.

The perishable is typically an object, the nonperishable has an informational nature to it. A single car is perishable, but the automobile as a technology has survived about a century (and we will speculate should survive another one). Humans die, but their genes—a code—do not necessarily. The physical book is perishable—say, a specific copy of the Old Testament—but its contents are not, as they can be expressed into another physical book.

When I see a toddler walking down the street holding the hands of their grandparents, I can reasonably assert that the toddler will survive the elder. When something is nonperishable that is not the case.

We have two possibilities: either both are expected to have the same additional life expectancy (the case in which the probability distribution is called exponential), or the old is expected to have a longer expectancy than the young, in proportion to their relative age. In that situation, if the old is eighty and the young is ten, the elder is elected to live eight times as long as the younger one.

Here is a chart Taleb provides in his book:

The longer something non-perishable has lived, the longer we can expect it to live.

If a book has been in print for forty years, I can expect it to be in print for another forty years. But, and that is the main difference, if it survives another decade, then it will be expected to be in print another fifty years.

This is where Taylor Pearson <a href="https://taylorpearson.me/the-cat-furniture-problem/">helped me </a>put something together that I was just too stupid to do myself. He connects reading to the Lindy effect.

If you were to look at a typical person’s reading list, the vast majority of books would be crammed into the recent, low-value portion of the curve while many fewer books would occupy the much larger high-value, older section of the curve.

So your ROI on reading and understanding a concept from 500 years ago is highly likely to be exponentially greater in the long run than one presented only 5 years ago.

What I’m trying to get at is that the more fundamental or closer to the source that you move, the better the ROI in the long run.

Older isn’t better, it’s exponentially better.

Most people read the same new books that everyone else has read, not necessarily for the ideas but for the social reward of being able to talk about them with others. Reading the same thing as everyone else is only going to put the same ideas in your head that everyone else has.

If you want new ideas, read old books.

So let’s combine these ideas and focus on reading basic ideas that have stood the test of time as a means to understanding them better.

<a href="https://fs.blog/half-life/">Knowledge has a half-life </a>. The most useful knowledge is a broad-based multidisciplinary education of the basics. These ideas are ones that have lasted, and thus will last, for a long time. And by last, I mean mathematical expectation; I know what will happen in general but not each individual case.

In the words of Charlie Munger, “take a simple idea and take it seriously.”

If you’re still curious, check out <a href="https://fs.blog/reading/">our guide to reading better </a>.

Choosing Your Next Book

Improving Your Reading Experience

Deep Simplicity

Familiarity and Survival: The Lindy Effect

Reading The Same Thing As Everyone Else

Understanding Time-Tested Ideas

CHARLIE MUNGER

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