Blog – farnam street on warren buffett

On  – snowball – warren buffets biography

A lot of what the snowball is about the concept of learning, and creating, and the advantage of having the information and knowing it. When I came here today one of the things that I was thinking is that what you do is so much at the intersection, because retrieving information is different from having it already in your head. The internet is wonderful for being able to retrieve and get information.

the lesson that they have, which is that learning yourself, making yourself as smart as you can is extremely valid, and not just relying on a library where you can look something up all the time, because a lot of times when you need to make a decision, and you need 50 pieces of information, you need to know it then.

Key Take Away’s

Will you care about what you’re reading in a month? In a year? In five years?

Are you focused enough on the same thing to build cumulative knowledge or are you too spread out?

What do you spend time on that’s likely to change in the next few years? What’s not likely to change?

What would need to happen for you to stop outsourcing organization of information to the computer?

the lesson that they have, which is that learning yourself, making yourself as smart as you can is extremely valid, and not just relying on a library where you can look something up all the time, because a lot of times when you need to make a decision, and you need 50 pieces of information, you need to know it then.

Warren Buffet’ Rule

  • learn and create this cumulative base of knowledge in his head. One reason thathe doesn’t use a computer is that in a sense, he is one. He also needs acomputer to get…he uses it for news. He wants to know what’s going on in theworld. So he is on the internet a lot to get news reports, and he’s up late atnight seeing what’s going on. He doesn’t use it as a filing cabinet or forcomputation.


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