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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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The term coined by futurist Peter Diamandis is a process by which technology is rendering previously expensive products or services much cheaper — or even free.
It's mainly happening because we are moving hardware products to software. For example, the phone today has about $1M of app...
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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 — none. Zero.”
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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.
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But, unlike money, when you use knowledge or give it away, you don’t lose it.
In fact, it’s the opposite. The more you give away knowledge, the more you remember it, connect it with other ideas, etc.
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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 knowle...
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"The ability to perform deep work is becoming increasingly rare at exactly the same time it is becoming increasingly valuable in our economy. As a consequence, the few who cultivate this skill, and then make it the core of their working life, will thrive. "
Our the ability to focus without distraction is becoming increasingly rare and valuable in our ever-connected world. Cal Newport calls this Deep Work and he contrasts it with shallow work:
“Money is not the value for which goods are exchanged, but the value by which they are exchanged.”
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