Long-Term Vs Expiring Knowledge - Deepstash

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Expiring vs. Long-Term Knowledge

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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SIMILAR ARTICLES & IDEAS:

Half Life: The Decay of Knowledge and What to Do About It

Half Life: The Decay of Knowledge and What to Do About It

https://fs.blog/2018/03/half-life/

fs.blog

Understanding the concept of a half-life will change what you read and how you invest your time. It will explain why our careers are increasingly specialized and offer a look into how we can compete more effectively in a very crowded world. A half-life is the time taken for something to halve its quantity.

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Key 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. 

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

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

https://medium.com/accelerated-intelligence/the-5-hour-rule-if-youre-not-spending-5-hours-per-week-learning-you-re-being-irresponsible-791c3f18f5e6

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?

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Key Ideas

Charlie Munger
“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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How I Build Wealth In 4 Steps

How I Build Wealth In 4 Steps

https://medium.com/darius-foroux/how-i-build-wealth-in-4-steps-729a32b46cd5

medium.com

I'm not hungry for money. Compared to several years ago, when I had less money, I still have the same life. I wake up, drink my freshly brewed coffee, read a good book, and then start working until about 3 or 4 in the afternoon.

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Key Ideas

Four Steps To Building Wealth
Four Steps To Building Wealth
  1. Don’t Be a Consumerist: keep your expenses as low as possible without sacrificing the quality of life. Spend money on things that yield lasting benefits.
  2. Have An Emergency Fu...
Benjamin Graham - Warren Buffett’s mentor
Benjamin Graham - Warren Buffett’s mentor

“Money isn’t making that much difference in how you and I live. We’re both going down to the cafeteria for lunch and working every day and having a good time. So don’t worry about money, because it won’t make much difference in how you live.”