Reading More Advice than You Actually Use

You ought to read a ton of books, and only implement a fraction of the ideas, depending on what you have time for.

  • Reading books is quite cheap. Kindle editions of popular books cost less than a nice meal. Libraries and borrowing books means you often don’t even need to pay that. Even the time spent reading a book is a fairly low investment. 
  • Implementing ideas, in contrast, is often quite expensive. Implementing just one idea from a book can take more time, money, or effort than reading the book itself. Implementing all the ideas from a single book might take years.

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Most Books Won't Change Your Life (But You Should Read Them Anyways) | Scott H Young

scotthyoung.com

A book you never explicitly try to implement can still add value. Perhaps not life-changing, but is has enough value to justify the relatively low cost invested in them.

Most books won’t change your life. But then again, you don’t need a life-changing amount of money and time to consume them. If you pick good books, read them well, and think deeply about their implications, that’s enough to earn back their price tag (both in terms of money and hours spent).

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Good Books Limit Bad Choices

It’s often the things you don’t do after reading a book that justify the investment cost. If a book steers you away from bad strategies which won’t work, that alone can make it worth reading.

Read enough books about investing and you learn enough to steer away from some clearly bad habits on investing.

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Read a good book, and you’ll start thinking about things in a different way.

Sometimes that different pattern of thinking will result in some deliberate plans of action. Other times, they will merely adjust your thinking down a new direction you might not have considered before.

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