Mark Moss argues that most research fails because people consume information without a clear hypothesis to test. You need a specific problem or investing thesis first, then seek only information that confirms, delays, or disproves it. Without that filter, you get dopamine hits from tutorials but never apply anything.
And then you're looking for information that relates to that thesis. Does it confirm it? Does it delay it? Or does it remove that thesis? Okay, number one. So I have to understand what is it that I'm even looking for? You see, most people are looking for information, but because they don't have anything to compare that information to or apply that information to, it's actually just a waste of time. You're watching videos on YouTube of how to do things, how to get better at whatever task, but because that's not actually solving a problem you're actually trying to do, you don't actually do the work, and then it just became a waste of time. You feel a dopamine rush because you've got some information and you think that maybe my life could be better, but you don't actually do it. It doesn't matter. So what is my investing thesis? And I'm only looking for information that either confirms or denies that.
