From the library
The Almanack of Naval Ravikant
Eric Jorgenson, 2020
In one paragraph
Eric Jorgenson's compilation of Naval Ravikant's wisdom on wealth creation and happiness. Practical insights on entrepreneurship, specific knowledge, leverage, decision-making, and finding fulfillment. Covers Naval's philosophy on building wealth through ownership rather than selling time, and achieving happiness through internal practices rather than external achievements.
Also tagged
Where this sits in the operating system
Compound Leverage
Compound Leverage
Systems Over Goals
Mental Models & Decision Frameworks
Key insights
Specific knowledge cannot be trained for and is not easily replaced, which is why it is the only durable form of leverage in a person.
Code and media are permissionless leverage: they work while you sleep and require nobody's approval.
Play long-term games with long-term people. Compounding applies to relationships before it applies to capital.
Recognise it early
The failure and the correction sit side by side deliberately. Read the left column asking whether any of it is already true of you.
Trading time for money instead of building assets
Developing generic skills instead of specific knowledge
Trying to do everything personally without leverage
Seeking happiness through external achievements
Making decisions based on social expectations
The same idea, argued differently
Daniel Priestley
Robert Kiyosaki
Adam Smith
Shane Parrish
The full breakdown
Before you close this
Naming the specific moment you will act roughly doubles the odds you do.
Reference
- Author
- Eric Jorgenson
- Published
- 2020
- Category
- Business
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