Expiring vs. Long-Term Knowledge
The point, then, isn’t that you should watch less CNBC and read more Ben Graham. It’s that if you read more Ben Graham you’ll have an easier time understanding what you should or shouldn’t pay attention to on CNBC.
Morgan Housel • Expiring vs. Long-Term Knowledge
We are social creatures and it is about balancing the constant stream of input with the long term view of knowledge and planting for the future
long-term knowledge might be represented by answers to questions such as: why is the cable industry consolidating? What is the competitive advantage of manager X and is it sustainable? What are the long-term drivers of demand for office space in various cities in the U.S.?
Morgan Housel • Expiring vs. Long-Term Knowledge
How much of what you read today will you still care about a year from now?