The Almanack of @naval Ravikant

"A Guide to wealth and Happiness"

Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness.

The Almanack of Naval Ravikant is a collection of Naval wisdom and experience from the last ten years.
Through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.

Below are my five favorite big ideas from the book:
1. Build Wealth

Seek wealth not money.

Money isn’t wealth, it’s how you transfer wealth. It’s a tool.
Wealth is assets earning you money. Investments, factories, robots, software, and computer programs that all earn you money while you sleep.
You will not get rich by renting out your time.

To gain financial freedom, you must own equity—a piece of a business.

Give society what it wants but does not yet know how to get at scale.

2. Build Judgment

If wisdom is the knowledge behind the long-term consequences of your actions, judgment is the knowledge to make the right decision to capitalize on those actions.

In the age of leverage, one correct decision can win everything.

Judgment is underrated.
The people with the best judgment are among the least emotional

3. Be Accountable

To get rich, you need leverage
To get leverage, you need labor and capital
To get labor and capital somebody has to follow you and somebody has to give you money assets to manage or machines
To get people to follow you and give you capital, you need credibility
- Without accountability, you don’t have incentives.

- Without accountability, you can’t build credibility.

4. Learn to Love to Read

To build specific knowledge, read what you love until you love to read.

What’s Specific knowledge? Something you don’t consider a skill, but something people around you notice.

Read this for more clarification:…
“I probably read 1-2 hours a day, and that puts me in the top .00001%."

5. Understand Happiness is a Choice

Happiness is the absence of desire.

In any situation in life, you always have three choices:

1️⃣ you can change it,
2️⃣ you can accept it,
3️⃣ you can leave it.

If you want to change it, then it is a desire.
To avoid distraction, pick one desire in your life at a time to give yourself purpose and motivation.

You never really understand a person until you consider things from his point of view.

There is no excuse for not picking this book up. There is something in it for everyone, and it's worth reflecting over.
"Naval is broadly followed because he is a rare combination of successful and happy. After a lifetime of study and application of philosophy, economics, and wealth creation, he has proven the impact of his principles."

— Eric Jorgenson
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More from @wealth_director

20 Feb
10 Types of Toxic People You Should Avoid in Life

1. The Manipulator

It’s one of the most seen toxic traits.

They pull time and energy out of your life.

Manipulators always want something from you,
They’ll do anything to win you over.
2. The Liar

If a person lies to you for the first time; forgive them. If a person lies to you for the second time, avoid them.

Never lie to someone who trusts you. Never trust someone who lies to you.
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10 Mental Models

to Train Your Brain to Think in better Ways

Why do two heads think better than one and four heads think better than two?

It’s because we’re all limited by our own experiences and biases.

How can we overcome this?
There’s a way to hack the decision-making process and break the limits: Mental Models

A mental model is the specific thought process you use to examine a problem.

Also, see this thread for more explanations:
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18 Feb

You need to develop To Turn Your Finances Around

If you have ambitious money goals, the key is to have a collection of small everyday habits.

Taking small steps will improve your financial situation.
Here are some small habits you can develop:

Make a list of exactly what you want to buy, and how much you’re going to spend.
Read 14 tweets
18 Jan
"If you want to see who rules over you, see who you’re not allowed to criticize."
Quote belongs to Kevin Alfred Strom.

It's been used by @naval on a podcast with Joe Rogan in 2019.
It's a great podcast btw:
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16 Jan
The Story Behind the Image of Steve Jobs

“He looked at me like I had given him a Christmas present.”

Steven Paul Jobs was an American business ma…

Wait a minute, who doesn’t know the great Steve Jobs, the founder of Apple Inc.!?

Let’s cut this unnecessary part and tell the story of one of the most famous pictures in the world.
This 2006 shot of Steve Jobs is probably the most iconic photograph taken by Scottish artist, Albert Watson.

The story behind this photo shooting is an interesting one!

And there are even very important lessons in that. Image
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9 Jan
Meditations by Marcus Aurelius

“The Philosopher Emperor”

“I am dying, Maximus. When a man sees his end, he wants to know there was some purpose to his life. How will the world speak my name in years to come? Will I be known as the philosopher? The warrior? The tyrant? Or will I be the emperor who gave Rome back her true self?"
It was a cut from Ridley Scott’s 2000 epic historical film “Gladiator”

The old man is Marcus Aurelius, Roman emperor (161 to 180 AD) and a philosopher.

He was the last of the rulers known as the “Five Good Emperors”, and the last emperor of the golden age of the Roman empire.
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