Shane Parrish on one secret of Warren Buffett:

How to get smarter

Read. A lot.

Warren Buffett says, “I just sit in my office and read all day.”

What does that mean? He estimates that he spends 80 percent of his working day reading and thinking.

"You could hardly find a partnership in which two people settle on reading more hours of the day than in ours," Charlie Munger commented.

When asked how to get smarter, Buffett once held up stacks of paper and said he “read 500 pages like this every day. That’s how knowledge builds up, like compound interest.”

I try to adhere to this as well. But it’s a hell of a lot harder than it seems.

We’re in this interesting time. With technology, everyone knows everything now. So information has been commoditized, and what’s important now is knowledge. And the difference between information and knowledge is that knowledge is about having a point of view based on what we know.

Jeremy Zimmer, the co-founder and CEO of United Talent Agency, in an interview with Adam Bryant.

I think this is a great way to frame the difference between information and knowledge.