Thread by @AlexAndBooks_

9 Lessons I learned from talking about "The Almanack of Naval Ravikant" with @EricJorgenson

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1) People Value Curation

A few of Eric's favorite books weren't written by an author but rather they were a well-curated collection of knowledge.

Ex:

• Seeking Wisdom
• Poor Charlie’s Almanack
• Berkshire Hathaway Letters

These books were an inspiration to Naval's book.

2) Twitter Is A Magical Place

One day, Eric decided to tweet about the idea of creating a Navalmanack.

The tweet went viral with tons of people saying he should do it and even @naval himself responded and gave the project a green light.

3) Seek Wealth Not Status

Don’t confuse wealth (having money) with status (being famous).

You can have a large following (high status) but if you don’t have a business or monetize that audience, you won’t be wealthy.

It’s better to be rich & anonymous than poor & famous.

4) To Get Rich Own Equity

When you trade your time for money, you only earn when you’re working.

But if you own equity, you can make money even when you’re sleeping or on vacation.

Equity can be:

• Owning a business
• Earning sweat equity
• Buying public shares

5) Use Leverage To Create Wealth

There are 3 main forms of leverage:

• Capital: using money as a multiplier
• Labor: using people to get more done
• Products with zero marginal cost: creating one product and selling it an infinite number of times

6) To Get Wealthy, Productize Yourself

Find something you enjoy doing and become an expert in that domain.

Create a product using the specific knowledge you’ve acquired over time.

It can be a book, app, course, etc. and now sell it to as many people as possible.

7) Happiness Is A Skill

Happiness is something that can be learned, it's not easy but it's possible.

See the world as fixed and yourself as malleable, not the other way around.

You can’t choose what happens to you, but you can choose how to respond to what happens to you.

8) To Be Happier, Mediate

Meditation is like intermittent fasting for the mind.

Meditation can be:

• Sitting
• Hiking
• Journaling
• Anything that gets you alone with your thoughts

A lot of unresolved issues will come to you. Work towards getting to a mental inbox zero.

9) Reading Tips From @naval

Treat books like blog posts and feel free to jump in and out as you please.

Spend more time rereading great books instead of new ones.

Read what you love until you love to read.

If you'd like to listen to or watch our full interview, you can find it here!

alexandbooks.com/archive/eric-j…