I really enjoyed the new book on @naval. Here are my favourite quotes from it (1/x): 
"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."
Mostly true, in my experience. Either way, you need to build up assets that belong to you alone, and not your employer.
Mostly true, in my experience. Either way, you need to build up assets that belong to you alone, and not your employer.
"You will get rich by giving society what it wants but does not yet know how to get. At scale."
Emphasis on 'at scale'.
Emphasis on 'at scale'.
"Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media)."
= You typically get rich from scaling with capital or employing tons of individuals (e.g. Foxconn) or zero marginal cost of reproduction
= You typically get rich from scaling with capital or employing tons of individuals (e.g. Foxconn) or zero marginal cost of reproduction
"Set and enforce an aspirational personal hourly rate. If fixing a problem will save less than your hourly rate, ignore it."
Outsourcing to Upwork and Fiverr can save so much head-ache and money. Value your time and use it wisely.
Outsourcing to Upwork and Fiverr can save so much head-ache and money. Value your time and use it wisely.
"Become the best in the world at what you do. Keep redefining what you do until this is true."
Avoiding competition, seeking a niche is the best way to get loyal customers.
Avoiding competition, seeking a niche is the best way to get loyal customers.
"Impatience with actions, patience with results."
Have to be patient with results because you're dealing with complex systems and many people. It takes a long time for people to get comfortable working with each other.
Have to be patient with results because you're dealing with complex systems and many people. It takes a long time for people to get comfortable working with each other.
"When you're thirty, what advice would you give your twenty-five-year old self?"
Perhaps follow the same advice today.
Perhaps follow the same advice today.
"World's simplest diet. The more processed the food, the less one should consume."
I.e. ditch the food invented in the last few hundred years.
I.e. ditch the food invented in the last few hundred years.
"To make an original contribution, you have to be irrationally obsessed with something."
If you're just taking cues and feedback from what you're doing, you'll fold as many others have before you.
If you're just taking cues and feedback from what you're doing, you'll fold as many others have before you.
"If you can't see yourself working with someone for life, don't work with them for a day."
Things will turn out better if you enjoy your life today.
Things will turn out better if you enjoy your life today.
"The more you know, the less you diversify."
Is Naval talking about marriage here? J/k, this holds true in many respects including investing.
Is Naval talking about marriage here? J/k, this holds true in many respects including investing.
"To be honest, speak without identity."
If you identify as a support of a political party or anything else, this will cloud your judgment. People with big egos will forever battle the external world so that it lines up with their own egos.
If you identify as a support of a political party or anything else, this will cloud your judgment. People with big egos will forever battle the external world so that it lines up with their own egos.
"To win at status games, you have to put somebody else down. That's why you should avoid status games in your life - they make you into an angry combative person."
Instead, seek positive-sum games by adding value to people's lives.
Instead, seek positive-sum games by adding value to people's lives.
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