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Expiring vs. Long-Term Knowledge

https://www.collaborativefund.com/blog/expiring-vs-lt-knowledge/

collaborativefund.com

Expiring vs. Long-Term Knowledge
How much of what you read today will you still care about a year from now? 80%? Half? Any of it? I ask myself this question a lot, and it's painful. If I'm honest with myself the answer is often close to none. The Intelligent Investor by Ben Graham was written in 1934.

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Junk Knowledge

Most of the stuff we read is junk, with little or no value in a year.
Expiring knowledge is something disposable, which we consume daily.
Timeless or long-term knowledge is which retains or increases its value over time.

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Long-Term Vs Expiring Knowledge

  • Expiring Knowledge, is better than junk knowledge, as it is not as useless, but has a short shelf life. It catches our attention due to its topical and current nature.
  • Long Term Knowledge is hard to find as it is not that visible and requires a keen eye. Long-Term Knowledge has no expiry date and actually compounds over time.

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Quality of Intake

Whether it's the questions startup companies ask in meetings, or the quarterly earnings of a company, short-term, expiring knowledge has very little context if not paired with long-term knowledge.

If you intake more long-term knowledge by reading good books, you can be a better judge of which expiring knowledge to absorb and which to reject.

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SIMILAR ARTICLES & IDEAS:

The Half-Life of Facts

The Half-Life of Facts

Facts decay over time. And the time it takes to disprove or replace half of it can be predicted.

Data in medicine become half as relevant in 2-3 years. For exact sciences, 2-4 years.

Half life of facts and compound knowledge

If we want our knowledge to compound, we’ll need to focus on the invariant general principles.

Half-lives show us that if we spend time learning something that changes quickly, we might be wasting our time. 

Just Read

We all have this one skill we need to use more: we need to read more.

Reading builds up knowledge if done regularly, like compound interest.


Warren Buffett

Warren Buffett

"Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it."

Read More

Some ways to get going:

  • Organize your reading lists.
  • Read faster.
  • Read daily.

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The legend of "marathon"

The legend of "marathon"

The term "marathon" came from the legend of Pheidippides, a Greek messenger.

T'he legend states that he was sent from the battlefield of Marathon to Athens t...

Break down your run

A marathon is 26.2 miles. But if we break it down, we're really just running 10 miles twice, then finishing it off with a simple 10km run.

You can apply this concept to your goals. Break them down, so they don't seem so daunting. Tackle it each step at a time. And if you need to, take breaks in between. It's not the end of the world.

Prepare for the worst

It's important for us to be realistic sometimes as well. 

The better prepared you are, the higher the probability that you will "finish" your life's marathons.