No! John Piper blogs:
You are reading out of desperation for the effects of this heavenly medicine. Bible reading is not a cure for a bad conscience; it’s chemo for your cancer. Legalists feel better because the box is checked. Saints feel better when their blindness lifts, and they see Jesus in the word. Let’s get real. We are desperately sick with worldliness, and only the Holy Spirit, by the word of God, can cure this terminal disease.
He goes on to quote JC Ryle:
Do not think you are getting no good from the Bible, merely because you do not see that good day by day. The greatest effects are by no means those which make the most noise, and are most easily observed. The greatest effects are often silent, quiet, and hard to detect at the time they are being produced. Think of the influence of the moon upon the earth, and of the air upon the human lungs. Remember how silently the dew falls, and how imperceptibly the grass grows. There may be far more doing than you think in your soul by your Bible reading.