The four key principles for effective note-taking are to capture information in the moment, organize it promptly, distill the notes when a practical use case arises, and finally express or use the distilled information when needed. Each step involves different rules and cognitive efforts, with distillation being the most taxing requiring reading, thinking, decision-making, and contextualizing notes before writing. The advice is not to distill information regularly but to wait for a specific purpose, like preparing for writing based on the captured notes. This method ensures that the distilled information is well-contextualized and readily available for use.

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