[Question] How ought I spend time?

What factors go into your reasoning about assigning relative weights to

  1. grinding through books

  2. projects, taking a shot at the possibility of a contribution

  3. reading current research

Personally, I never maintain 1 and 2 at the same time, and I tend to have >95% of my resources on either one or the other, leaving 5% or less for 3. The vast majority of the last 4 years I’ve been in 1-mode, my reasoning being that I can’t make a contribution if I don’t know anything, and I don’t want to sink my time into bad projects.