#readmorebooks 🧠 📖

If you're worried that you're reading too much and not implementing enough, I have something that can put your mind at ease. It's a concept called the Matthew Effect, and it goes like this. If you and Warren Buffett both read the latest edition of The Economist, who's going to gain more insight from that? Warren will. Why? Here's why. Because he has a larger foundation of knowledge and experience to stand on. He's also read a lot more than you have throughout his life, so he can naturally absorb more. That's the Matthew Effect. The rich get richer and the poor get poorer. You could also say the smarter get smarter, because as you continue to read and learn the fundamentals, you'll be able to absorb more and more efficiently. That's one of the best reasons to read like a bookworm and not worry so much about implementation at first. So if you're interested in learning a little bit more about that concept and also how to learn more efficiently, I'd recommend this book right here, The Joys of Compounding