Learn more about moneyandinvestments with this collection
How to use storytelling to influence and persuade
How to create a compelling narrative
How to structure your story for maximum impact
Useless but usefully entertaining information
Every field has interesting or entertaining information. It is useless but keeps you focused, and that makes it valuable.
For example, exposure to a field in the form of blogs or CNBC may be the reason to become interested in investing, making it some of the most important information. The trick is knowing when it is entertainment and when it should influence your actions.
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Knowing how to use information to your advantage
Information is freely available. It is everywhere, making it more difficult to know whether the facts are useful or where they lead.
For example, Yahoo has historical financial statements of every public company. Two decades ago, you had to ask companies to mail you ha...
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Useful but expiring information
When you find information that is important to you, ask: "Will I still regard this information as important a year from now? Five? Ten?" E.g. quarterly earnings are useful, but no one cares about 2010 earnings because they ceased to be useful.
Our default is to think that ...
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5.03K reads
Useful and permanent information
Permanent information teaches you what to do with expiring information.
Knowing that an investment's price fell may be out-of-date information. But knowing the long history and its impact is permanent information that will stay valuable.
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Irrelevant information, but gives insight into how other people think
Irrelevant information may provide small pieces of a puzzle that might increase your understanding of why things happen**.** For example, palaeontology offers insights about how things naturally grow too big for their own good, which has relevance in investing.
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Useful, irrelevant, and urgent information
- Useful information when combined with other data: Information is seldom useful by itself. It is part of a bigger picture. It is crucial to have a general idea of the scene to know how the information slots into the larger picture.
- Irrelevant information in ...
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3.43K reads
Information that is irrelevant to you directly
... but useful to someone whose decisions are relevant to you.
For example, long-term investors can benefit from learning how and why traders make decisions. Bubbles can destroy long-term investors, and bubbles are driven by traders. It means valuing information that d...
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The relationship between FOMO and information overload
FOMO is not only decreasing productivity, but it can also cause information overload. For example, when something exciting happens early in the day, it can consume so much information that a person can reach his limit.
His productivity will decrease and affect overall wor...
We Can Share Information But We Cannot Share Experience
What this story teaches us is, firstly, that each individual needs to find the most suitable way to climb that mountain. But secondly, there is information possible to be shared with words, but it is impossible to share the experience of clarity when you are s...
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