Information overload in the world's new problem.

A thread on why high-quality curation by trusted voices in their respective fields is the need of the hour: 👇
1/

"Information is no longer a scarce commodity; we have more of it than we know what to do with."

—Nate Silver, The Signal and the Noise
2/

“A wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.”

—Herbert Simon
3/

"We are drowning in information, while starving for wisdom. The world henceforth will be run by synthesizers, people able to put together the right information at the right time, think critically about it, and make important choices wisely."

—E.O. Wilson, Consilience
4/

"In the past, censorship worked by blocking the flow of information. In the 21st century, censorship works by flooding people with irrelevant information. In ancient times having power meant having access to data. Today having power means knowing what to ignore.”
—Yuval Noah

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More from @Gautam__Baid

29 Jun 20
1/ "Our imagination is limited only by our knowledge of history. So, knowing the fullest possible range of what has gone wrong before makes us better prepared for what might go wrong again in the future."
~TJOC

A thread on some great history books I read in the last few months.
2/ John Train recounts many historic examples of human folly and greed over the past few centuries.
3/ This book shares a comprehensive look at financial crises through eight centuries of banking panics, currency crashes, hyperinflation, and government defaults on international and domestic debts―as well as the cycles in housing and equity prices, capital flows, & unemployment.
Read 18 tweets
5 May 20
1/ Sharing a thread on many great pieces of life wisdom from Kevin Kelly, the founding executive editor of Wired magazine.
2/ Learn how to learn from those you disagree with, or even offend you. See if you can find the truth in what they believe.
3/ Being enthusiastic is worth 25 IQ points.
Read 62 tweets
28 Apr 20
1/ "The most important finance topics don't require details. Most can be, and should be, summarized in a sentence or two."

Sharing a thread on many such gems from @morganhousel.
2/ Dollar-cost average for your entire life and you'll beat almost everyone who doesn't.
3/ Every five to seven years, people forget that recessions occur every five to seven years.
Read 49 tweets
20 May 19
1/ This is value investing GOLD. A compilation of 75 best business and investment lessons from Mark Leonard, Constellation Software’s President. I am sharing some of my favorite points in this thread:

microvalue.es/2019/05/19/mar…
2/ "Our favourite single metric for measuring our corporate performance is the sum of ROIC and Organic Net Revenue Growth (“ROIC+OGr”), (…) which represents the annual increase in Shareholders’ value."
3/ "Part of a perpetual owner’s job, is to make sure that energetic, intelligent and ethical general managers (“GM”) are running their businesses and that the GM’s are incented to enhance shareholder value over the very long term."
Read 25 tweets
21 Feb 19
1/ Pleased to share the preview of my life's biggest learnings. The principles emphasized throughout the book power the lifelong compounding journey of a value investor

The kick-off quotes at the beginning of the individual chapters convey their underlying key message to readers
2/ “Compound interest,” Albert Einstein reputedly said, “is the most powerful force in the universe.”

So what happens when you apply such an incredible power to knowledge building?

You become a learning machine.
3/ The way to achieve success in life is to learn constantly. And the best way to learn is to read, and to do so "effectively."
Read 34 tweets

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