Its not what you learn, its what you use
Posted by admin on September 2, 2008 in Misc.
Perhaps this post may incur the wrath of parents everywhere but there is a limit to how much one can learn. About 6 months ago, I stopped buying or borrowing personal finance books. It just got over-whelming. There’s only so much information I can store in my head and I found the other problem was that every time I read some new great idea in a book, I would would want to re-do my portfolio in that manner. Well, the issue with that, obviously, is that you become a fickle investor which is not a good investor.
As someone much wiser than me once said, its not what you learn but what you use. So, I have started to re-read all of my books with the goal of picking up one additional point from each book. I tend to bounce back and forth between The Millionaire Next Door and Get Richer (which is a good book for a budding entrepreneur to read). Each have so many good points in them that I have to divide each into small bite-sized pieces to incorporate into my thinking.
Since Fall is a huge season for publishers, just remember it is not the amount of knowledge you read but what you incorporate into your life. Good luck getting the kids to school today.
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