I have my own philosophy for information processing. After thinking about it, it boils down to these 5 steps. 1. Consume liberally. 2. Process rigorously.

I have my own philosophy for information processing. After thinking about it, it boils down to these 5 steps. 1. Consume liberally. 2. Process rigorously. 3. Store cautiously. 4. Modify frequently. 5. Express freely. Step 5 feeds back into Step 1, and is the step that puts me at odds with Buffett's statement. I think it is an important one though, even if the expressed ideas are incorrect or incomplete, because it keeps the information cycle flowing. Bullshit of some form will always exist until everyone is an omniscient deity and all truth in the Universe is known. To me, the much more worrisome issue is the lack of emphasis on Steps 2, 3, 4: asking questions, questioning answers, answering questions. Encouraging people to try Steps 2, 3, and 4 is a more widely beneficial solution than telling them to just avoid Step 5 unless they are God.