By Michael Simmons
Summary & Comments
Learning is the single best investment of our time that we can make. Or as Benjamin Franklin said, “An investment in knowledge pays the best interest.”
Knowledge is the new money. While goods are becoming demonetized, knowledge is becoming increasingly valuable. Unlike money, you won't lose knowledge by sharing. Instead, you will gain more from the process.
In the web3.0 era, the exploding number of assets in the world gives more people the chance to profit from their unique knowledge. Furthermore, the rewards for learning will increase exponentially.
The Internet democratized access to knowledge. Web 3.0 democratizes access to investing. Combine the two and we see the rise of the knowledge investor.
Highlights & Notes
“Intellectual capital will always trump financial capital.” — Paul Tudor Jones, self-made billionaire entrepreneur, investor, and philanthropist
While goods are becoming demonetized, knowledge is becoming increasingly valuable.
Note: This is what I've been thinking about recently.
knowledge is the new money.
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
- Understand it
- Connect it to other ideas in your head
- Build your identity as a role model for that knowledgeNote: Related to the Feynman Technique and the learning in public concept. You won't lose it by sharing.
Employees, entrepreneurs, and investors combine time, knowledge, and money in different ways
Note: Interesting perspective on how to make money. The combination of Time, Knowledge, and Money.
More assets means that people can get a return on their learning faster.
Note: Web3.0 opens this door.
With web 3.0, creators and users who create value on platforms get financial ownership. For the first time, becoming a smart early adopter will get you paid.
Note: Orchestration among creators, curators, and viewers.
Constant learners who cultivate a unique and valuable perspective on the world will be able to profit from their knowledge
Note: By early adoption and finding mispricings.
The Internet democratized access to knowledge. Web 3.0 democratizes access to investing. Combine the two and we see the rise of the knowledge investor.
A knowledge investor:
- Treats learning like an athlete treats practice
- Spends most of their day learning
- Develop a latticework of mental models
- Studies emerging trends
- Invests his or her time and money in the best time-bound opportunities
Consistently finding the time for reading and learning even if you are really busy and overwhelmed or feel like procrastinating
Increase the results you receive from each hour of learning by using proven hacks that help you remember and apply what you learn