2Bobs—with David C. Baker and Blair Enns The Time Value of Knowledge
Jan 17, 2024
The podcast explores the power of compound interest in knowledge and career growth, drawing parallels between investing money and investing in learning. It discusses the value of continuous learning and the significance of time in achieving significant growth. The concept of being replaced by an archived version of oneself is also explored. The importance of avoiding early specialization, gaining different perspectives, and maintaining a fast pace of learning is emphasized.
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Time Beats Starting Advantage
- Time is the dominant factor in compounding knowledge; duration matters more than starting knowledge or learning rate.
- Long, steady investment in learning yields exponentially larger returns over time.
Friend Who Rebuilt A Career Midlife
- Blair describes a friend who went back to school at 45 and earned a PhD at 50, then accelerated his impact later.
- That friend's steady learning produced a strong compounding effect in his later career.
Iron Butt Ride: Keep Going Wins
- David recounts an Iron Butt motorcycle ride to illustrate that steady progress beats speed.
- The tactic was simply to keep going and swap riders rather than race fast and stop often.