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.
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:
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.
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.
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.
https://twitter.com/naval/status/1002103360646823936?s=20
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.
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
https://twitter.com/naval/status/1002107679353942016?s=20
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
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.
- Without accountability, you can’t build credibility.
https://twitter.com/naval/status/1002104865919664128?s=20
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:
nav.al/specific-knowl…
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:
nav.al/specific-knowl…
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.
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.
https://twitter.com/naval/status/1201893711711371264?s=20
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.
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
— Eric Jorgenson
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