deepstash

Beta

Expiring vs. Long-Term Knowledge

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.

83 SAVES


This is a professional note extracted from an online article.

Read more efficiently

Save what inspires you

Remember anything

IDEA EXTRACTED FROM:

Expiring vs. Long-Term Knowledge

Expiring vs. Long-Term Knowledge

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

collaborativefund.com

3

Key Ideas

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.

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.

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.

EXPLORE MORE AROUND THESE TOPICS:

SIMILAR ARTICLES & IDEAS:

Side Hustle to Make More Money

You don't have to sacrifice all of your free time to start a side hustle, use the time you’re comfortable with and make a little bit of progress every day. 

Take Action

Get to working on improving your finances today, not tomorrow. Reading the steps and thinking you’re capable of doing it but postponing it is just an excuse, an unprofitable one.

Communicate With Your Partner

Talking about your financial goals, and scheduling time once a month to go over your finances together can prevent money from affecting your relationship.

11 more ideas

Cognitive biases
Cognitive biases

...are common thinking errors that harm our rational decision-making.

We don't always see things as they are. We don't simply glean information through the senses and act on it; inste...

Optimism Bias

Is our tendency to overestimate the odds of our own success compared to other people's. 

Overly optimistic predictions can be dangerous, leading us to waste time and resources pursuing unrealistic goals. In the real world of business, things don't always work out for the best, and it serves us well to know when conditions are not on our side.

How to control the optimism bias
  • Be skeptical of your own rosy expectations for your work. 
  • Assume projects will be more difficult and more expensive than you initially think they will. 
  • Don't trust your good ideas to manifest through positive thinking - be ready to fight for them.
  • Trust the numbers. Numbers are firm but fair, and getting intimate with your business's cash flow can help you make more rational decisions.

7 more ideas

Leverage Your Competitive Advantage

Career plans should leverage your assets, set you in direction of your aspirations, and account for the market realities.

  • Articulate educated hypotheses about each...
Prioritize Learning

A person with a foundation of knowledge and skills will make more money and most likely live a more meaningful life.
There’s a similar belief in start-ups: technology companies focus on learning over profitability in the early years to maximize revenue in the later years.

Prioritize plans that offer the best chance at learning about yourself and the world. Ask yourself, “Which plan offers the most learning potential?”

Learn by Doing

Any entrepreneur (and any expert on cognition / learning) will tell you that practical knowledge is best developed by doing, not just thinking or planning.

For careers, too, you don’t know what the best plan is until you try. 

2 more ideas