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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.

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The End of the Beginning

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stratechery.com

The first American automobile maker, Duryea Motor Wagon Company, was founded in 1895; 34 more auto-makers would be founded in the U.S. in the following five years. 1 Then, an explosion: an incredible 233 additional automobile makers were founded in the first decade of the 20th century, and a further 168 between 1910 and 1919.

Key Ideas

Paradigm Shift

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Certain companies in the automobile and technological sectors experience a paradigm shift once a while, where once-dominant companies are usurped by the next wave of startups.

First-gener...

Generational Change

When the end-users needs and problems are solved in fundamentally different ways, even companies that aren't a direct competitor to the old establishments pose a threat.

Generational Change is inevitable and no company can remain dominant for long.

The Beginning, Not The End

When we look at the developments in the last 100 years, it can be said that today's technology may just be the beginning of bigger disruption in the future.

Companies like Apple and Google may just be the initial stepping stones, and technology will evolve further in unpredictable and unimaginable ways, impacting the next generation.

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5-Hour Rule: If you're not spending 5 hours per week learning, you're being irresponsible

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medium.com

"In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time - none. Zero." - Charlie Munger, Self-made billionaire & Warren Buffett's longtime business partner Why did the busiest person in the world, former president Barack Obama, read an hour a day while in office?

Key Ideas

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“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time ..."

Charlie Munger

Learning is an investment

Benjamin Franklin said, “An investment in knowledge pays the best interest.” It's the reason Warren Buffett (& other successful individuals) spends 80% of his time reading.

Automatization Problem

People at the bottom of the economic ladder are being squeezed more aby automation, while those at the top have more opportunities and are paid more than ever before.

The irony is that the problem isn’t a lack of jobs. Rather, it’s a lack of people with the right skills and knowledge to fill the jobs.

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What Can Running a Marathon Teach You About Life?

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huffpost.com

What Running a Marathon Taught Me About Life: originally appeared on Quora: The best answer to any question. Ask a question, get a great answer. Learn from experts and access insider knowledge. You can follow Quora on Twitter, Facebook, and Google+.

Key Ideas

The legend of "marathon"

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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.

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