Changing default location of library objects

I know navigating to the library to insert library objects isn't the most efficient or easiest way of doing things. I usually just add the library folder to my task bar on my desktop and drag & drop items. But I was looking at the Tools>Insert library object way of doing things and can't for the life of me figure out how to change the default location of the library. I thought it would be under Preferences but I don't see it...am I missing something??


Cheers!

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