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Expiring vs. Long-Term Knowledge
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.
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Key Ideas
Junk Knowledge
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.
SIMILAR ARTICLES & IDEAS:
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Key Ideas
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.
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Key Ideas
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.
Intellectual Capital
Knowledge is the new money. While goods and services are becoming demonetized and replaced by machines, knowledge is becoming increasingly valuable.
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Key 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.
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