How to Choose Your Next Book
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Getting to a deeper understanding of a subject
- Understanding the basics. This is a key element of effective thinking. Understanding a simple idea deeply builds a solid foundation for complex ideas.
- Build your foundation. Be honest with what you really know by using the Feynman Technique (by teaching others). It will reveal any gaps you have in your knowledge.
- Obtain the basic mental models from multiple disciplines. You don't need to understand everything on a subject, but you should understand the basic concepts from various disciplines.
- Understanding the basics allows for a better understanding of second and subsequent order consequences.
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“The more basic knowledge you have … the less new knowledge you have to get.”
CHARLIE MUNGER
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Understanding time-tested Ideas
When reading, we should focus on the basic ideas that have stood the test of time. These ideas are ones that have lasted, and thus will last, for a long time.
The most useful knowledge is a broad-based multidisciplinary education of the basics.
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The "Lindy effect"
This is just a fancy way to say what has been will continue to be.
Time can predict value. Some things, like books, increase in life expectancy as time goes by. If a book has been in print for forty years, we can expect it to be in print for another forty years.
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