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Is there alpha left in books?

  • Who says there’s no more alpha?
    • Patrick Collison? (unsubstantiated)
    • Holden Karnofsky
    • SBF: “Should have been a blog post”
    • Richard Hanania
  • Who says there still is alpha?
    • Emerson Spartz?
  • For reading books
    • Writing is an encapsulation of someone else’s thoughts, fed to you at much faster speeds
      • Books are specifically written by a single author, so present a coherent worldview missing from jumping from Substack to Substack
    • Even if you don’t remember the specific content, you remember the narrative, the pointer to whether something was good or bad, and can go back to refer to it later
    • It takes a while to actually have something sink in; tweet vs article vs book
    • Reading is practice at skimming & reading faster, which is useful for loading more shortform stuff into your memory
      • Tyler Cowen’s “What do you practice the way a pianist practices scales?” — reading
  • Against reading books
    • Talking with people forms bonds, you can’t bond with a book
      • Except with vague hero-worship towards the author
    • What are the alternatives? What does reading funge against?
      • Reading book titles and tweets and articles
      • Listening to books or podcasts
      • Watching videos
  • Guess: People’s short-term memories are degrading as a result of screens and persistent internet connection; it’s not that books are getting worse, but humans are getting more distracted
    • Also, the people saying this are extremely well read. Perhaps “no alpha left in books” is correct for them on the margin, but not for you, person who reads three books a year.
    • Correlation between success and lifetime # books read?
      • More specifically, success on the high end