'Studying the Way' is just a figure of speech, a method of arousing people's interest in the early stages of their development. In fact, the Way is not something which can be studied. Study leads to the retention of concepts, and so the Way is entirely misunderstood
Buddhists understand that today and all other days have turned out the way they have because of karma. The interconnection of one moment with another moment, of one action with another action, is karma.