The Almanack of Naval Ravikant is a delightful read. It is probably the best you can find and relate to the subject of Wealth & Happiness.

Take a cup of coffee and enjoy the weekend with some of the mind-blowing quotes from the book.

@naval
@EricJorgenson
1. Making money is not a thing you do—it’s a skill you learn.
2. Seek wealth, not money or status.
3. Ethical wealth creation is possible.
4. You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom.
5. You will get rich by giving society what it wants but does not yet know how to get. At scale.
6. The internet has massively broadened the possible space of careers. Most people haven’t figured this out yet.
7. Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
8. Pick an industry where you can play long-term games with long-term people.
9. Pick business partners with high intelligence, energy, and, above all, integrity.
10.Don’t partner with cynics and pessimists. Their beliefs are self-fulfilling.
11.Learn to sell. Learn to build. If you can do both, you will be unstoppable.
12. Arm yourself with specific knowledge, accountability, and leverage.
13. Leverage is a force multiplier for your judgment. Judgment requires experience but can be built faster by learning foundational skills.
14. There is no skill called “business.” Avoid business magazines and business classes.
15. Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.
16. Reading is faster than listening. Doing is faster than watching.
17. You should be too busy to “do coffee” while still keeping an uncluttered calendar.
18. Become the best in the world at what you do. Keep redefining what you do until this is true.
19. There are no get-rich-quick schemes. Those are just someone else getting rich off you.
20. When you’re finally wealthy, you’ll realize it wasn’t what you were seeking in the first place. But that is for another day.
21. Technology democratizes consumption but consolidates production. The best person in the world at anything gets to do it for everyone.
22. Specific knowledge cannot be taught, but it can be learned.
23. No one can compete with you on being you. Most of life is a search for who and what needs you the most.
24.Society, business, & money are downstream of technology, which is itself downstream of science. Science applied is the engine of humanity.
25. The best jobs are neither decreed nor degreed. They are creative expressions of continuous learners in free markets.
26. Intentions don’t matter. Actions do. That’s why being ethical is hard
27. 99% of effort is wasted.
28. Embrace accountability and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.
29. If it entertains you now but will bore you someday, it’s a distraction. Keep looking.
30. If they can train you to do it, then eventually they will train a computer to do it.
31.Forget rich versus poor, white-collar versus blue. It’s now leveraged versus un-leveraged.
32.Forty-hour work weeks are a relic of the Industrial Age. Knowledge workers function like athletes—train and sprint, then rest and reassess.
33.Earn with your mind, not your time.
34. We waste our time with short-term thinking and busywork. WB spends a year deciding and a day acting. That act lasts decades.
35.Value your time at an hourly rate, and ruthlessly spend to save time at that rate. You will never be worth more than you think you’re worth.
36. The business world has many people playing 0-sum games & a few playing +sum games searching for each other in the crowd.
37. Wealth creation is an evolutionarily recent +sum game. Status is an old zero-sum game. Those attacking wealth creation are often just seeking status.
38.Play stupid games, win stupid prizes.
39.Whether in commerce, science, or politics—history remembers the artists.
40. Ways to get lucky:

~Hope luck finds you.
~Hustle until you stumble into it.
~Prepare the mind & be sensitive to chances others miss.
~Become the best at what you do.
~Refine what you do until this is true.
~Opportunity will seek you out.
~Luck becomes your destiny.
41. Sharks eat well but live a life surrounded by sharks.
42. People are oddly consistent. Karma is just you, repeating your patterns, virtues, and flaws until you finally get what you deserve. Always pay it forward. And don’t keep count.
43. There’s no shortcut to smart.
44. In an age of leverage, one correct decision can win everything.
45. “Clear thinker” is a better compliment than “smart.”
46. What we wish to be true clouds our perception of what is true. Suffering is the moment when we can no longer deny reality.
47. What you feel tells you nothing about the facts—it merely tells you something about your estimate of the facts.
48. Very smart people tend to be weird since they insist on thinking everything through for themselves.
49. Cynicism is easy. Mimicry is easy. Optimistic contrarians are the rarest breed.
50. “Tension is who you think you should be. Relaxation is who you are.” —Buddhist saying
51.Facebook redesigns. Twitter redesigns. Personalities, careers, and teams also need redesigns. There are no permanent solutions in a dynamic system.
52.Self-serving conclusions should have a higher bar.
53.Almost all biases are time-saving heuristics. For important decisions, discard memory and identity, and focus on the problem.
54.The more you know, the less you diversify.
55.Ignore the noise. The market will decide.
56.Simple heuristic: If you’re evenly split on a difficult decision, take the path more painful in the short term.
57.Reading science, math, and philosophy one hour per day will likely put you at the upper echelon of human success within seven years.
58.Read what you love until you love to read.
59.Pointing out obvious exceptions implies either the target isn’t smart or you aren’t.
60.Twitter has made me a worse reader but a much better writer.
61.You know that song you can’t get out of your head? All thoughts work that way. Careful what you read.
62.A calm mind, a fit body, and a house full of love. These things cannot be bought. They must be earned.
63.The three big ones in life are wealth, health, and happiness. We pursue them in that order, but their importance is reverse.
64.Don’t take yourself so seriously. You’re just a monkey with a plan.
65.Maybe happiness is not something you inherit or even choose, but a highly personal skill that can be learned, like fitness or nutrition.
66.If you ever want to have peace in your life, you have to move beyond good and evil.
67.There are no external forces affecting your emotions—as much as it may feel that way.
68.Happiness is what’s there when you remove the sense that something is missing in your life.
69.We crave experiences that will make us be present, but the cravings themselves take us from the present moment.
70.Anticipation for our vices pulls us into the future. Eliminating vices makes it easier to be present.
71.What if this life is the paradise we were promised, and we’re just squandering it?
72.A happy person isn’t someone who’s happy all the time. It’s someone who effortlessly interprets events in such a way that they don’t lose their innate peace.
73.Desire is a contract you make with yourself to be unhappy until you get what you want.
74.Happiness is being satisfied with what you have. Success comes from dissatisfaction. Choose.
75.When everyone is sick, we no longer consider it a disease.
76.Outside of math, physics, and chemistry, there isn’t much “settled science.” We’re still arguing over what the optimal diet is.
77.World’s simplest diet: The more processed the food, the less one should consume.
78.The harder the workout, the easier the day.
79.One month of consistent yoga and I feel 10 years younger. To stay flexible is to stay young.
80.You can get almost anything you want out of life, as long as it’s one thing and you want it far more than anything else.
81.The enemy of peace of mind is expectations drilled into you by society and other people.
82.Perhaps one reason why yoga and meditation are hard to sustain is they have no extrinsic value. Purely single-player games.
83.When working, surround yourself with people more successful than you. When playing, surround yourself with people happier than you.
84.To make an original contribution, you have to be irrationally obsessed with something.
85.If you can’t see yourself working with someone for life, don’t work with them for a day.
86.First, you know it. Then, you understand it. Then, you can explain it. Then, you can feel it. Finally, you are it.
87.Impatience with actions, patience with results.
88.Grind and sweat, toil and bleed, face the abyss. It’s all part of becoming an overnight success.
89.Courage isn’t charging into a machine gun nest. Courage is not caring what other people think.
90.Inspiration is perishable—act on it immediately.
91.The democratization of technology allows anyone to be a creator, entrepreneur, scientist. The future is brighter.
92.Anger is its own punishment. An angry person trying to push your head below water is drowning at the same time.
93.The combinatorics of human DNA & experience are staggering. U will never meet any 2 humans who r substitutable.

94. Walking meetings:
~Brain works better
~Exercise & sunlight
~Shorter
~Less pleasantries
~More dialogue
~Less monologue
~No slides
~End easily by walking back.
95.To have peace of mind, you have to have peace of body first.
96.Meditation is intermittent fasting for the mind. Too much sugar leads to a heavy body, and too many distractions lead to a heavy mind.
Time spent undistracted and alone, in self-examination, journaling, meditation, resolves the unresolved and takes us from mentally fat to fit.

97.Meditation is turning off society and listening to yourself. It only “works” when done for its own sake.
98. Save Yourself

~Doctors won’t make you healthy
~Nutritionists won’t make you slim
~Teachers won’t make you smart
~Gurus won’t make you calm
~Mentors won’t make you rich
~Trainers won’t make you fit
~Ultimately, you have to take responsibility

Save yourself.
99.The hardest thing is not doing what you want—it’s knowing what you want.
100.The greatest superpower is the ability to change yourself.
If you came so far, you must give the book a shot. We bet you would like it.

Like & Retweet, if you find it useful.

End!

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Smart Sync Services

Smart Sync Services Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SmartSyncServ

6 Dec
Some lovely quotes from the book, “Alchemy: The Dark Art and Curious Science of Creating Magic in Brands” by Rory Sutherland.

If you read them, you will not be able to stop yourself from buying the book and read it.

A thread!

Here you go
1. The economy is not a machine – it is a highly complex system. Machines don’t allow for magic, but complex systems do. Engineering doesn’t allow for magic. Psychology does.

2. When you demand logic, you pay a hidden price: you destroy magic.
3. The human mind does not run on logic any more than a horse runs on petrol.

4. Human behaviour is an enigma. Learn to crack the code.

5. To avoid stupid mistakes, learn to be slightly silly.

6. More data leads to better decisions. Except when it doesn’t.
Read 20 tweets
5 Dec
We are going to tell you about 3 famous Capital Allocators in the world of business & investing.

All 3 of them:

~Started with almost 0 inheritance of capital

~Built a formidable empire from scratch

~Acquisitions of businesses have been an integral part of their strategy
They are Different

~In their style of acquisitions

~In industries they operate in

~In geographies they cater to

~In scale, and

~In how they communicate to their stakeholders
Imagine all 3 of them to be in the same room and they are asked one by one what is one key aspect of their acquisition which separates them from the rest:

Capital Allocator 1: "I never look for a perfect asset. If you are going to acquire a perfect asset then the whole world is
Read 10 tweets
29 Nov
Tribute to Tony Hsieh, who is no more due to an unfortunate accident recently.

His company, Zappos, was acquired by Amazon (valuing it at $1.2 Billion).

This thread is on some of the quotes from his bestselling book,

Delivering Happiness- A path to
Profits, Passion & Purpose
1.For individuals, character is destiny. For organizations, culture is destiny. 

2.Things are never as bad or as good as they seem.

3.I had decided to stop chasing the money, and start chasing the passion.
4. What's the best way to build a brand for the long term? In a word: Culture.

5. To WOW, you must differentiate yourself, you must do something thats above & beyond what's expected & whatever you do must have an emotional impact on the receiver.
Read 19 tweets
22 Nov
If you haven't liked Economics in your school or college, pick up the book, "Basic Economics" by @ThomasSowell and you will change your mind.

There's not a single equation or chart. Simple words with lots of examples.

A thread on some of the quotes in no particular order.
1. Economics is a study of cause & effect relationships. Its purpose is to discern the consequences of various ways of allocating resources that have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
2. As an entrepreneur in India put it: 'Indians have learned from painful experience that the state does not work on behalf of the people. More often than not, it works on behalf of itself.
Read 33 tweets
21 Nov
When my friend and colleague, @KK63360362 read my old post, smartsyncservices.com/survive-to-thr…, he made some interesting observations.

Kartik: Ankit, while you have written about the art of survival in detail, you have not touched upon the thriving part at all in your post.
Do you really want to say that only survival is necessary for achieving success as an investor or as a human being? Don’t you think there is more to it?

Me: That’s an interesting observation, Kartik.
Survival is indeed the biggest requisite for any investor or for any human being, for that matter. But is survival really enough? Never gave it a serious thought. Maybe, to boost me in times of adversity I focus on the one thing and that is survival.
Read 24 tweets
20 Nov
Very good Interview.

A short thread on our key takeaways.


1. Hold on to sunrise industry stocks , get rid of sunset industries stocks.

2. From 2003 onwards multiple industry themes work in tandem.

3. That's going to work going forward too so pick the sector which you like.
4.Should Not have a time or a price target when you buy but should be willing to change your mind quickly when things go wrong.

5. Positive on IT product or telecom product companies currently.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!