Joys of Compounding Chapter 2
Creating time to Read, Learn, Think
- Avoid TV.
- Keep the commute time to work low
- Automate mundane tasks like payment of bills
- Start small but maintain consistency: If you read just 25 pages a day, you will finish two 350-page books in a month, with two days to spare.
- Keep a book/ebook/audiobook handy at all times to make the best use of time gaps, such as waiting for a bus/taxi.
What to read
- Read something above your current level.
- Read classic texts on varied topics such as psychology, philosophy, business etc., rather than daily news, which loses relevance soon.
How to Read:
- Analytical Reading:
- Ask questions and attempt to find their answers as you go through the book.
- Engage with the books: Use a pencil to underline main points; number the sequence of points made by the author to develop an argument; cross-reference the different pages with related materials.
2. Syntopical reading:
- Do a comparative reading of several books on the same subject and compare & contrast their ideas, insights, and arguments.
- Read books on different topics simultaneously to find common patterns within them.
- Quit the books that are not engaging. Find a better one.
First Principles Thinking
- Deconstruct concepts down to their most fundamental truths, i.e. their first principles.
- Cartesian Doubt: Systematically doubt everything until indubitable truth is left.
The Feynman Technique to learn anything
- Pick a topic and study it
- Explain/write it using basic concepts which a 10-year-old child can understand.
- The points where you struggle to keep things simple indicate the gaps in your understanding.
- Reread to fill the gaps — repeat as necessary.