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.
Below are my five favorite big ideas from the book:
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.
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://t.co/xCDwrD9zJs
How to Get Rich (without getting lucky):
— Naval (@naval) May 31, 2018
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.
https://t.co/tzY2JRapUd
Judgement requires experience, but can be built faster by learning foundational skills.
— Naval (@naval) May 31, 2018
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 can’t build credibility.
https://t.co/spOq1rrDtX
Arm yourself with specific knowledge, accountability, and leverage.
— Naval (@naval) May 31, 2018
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:
https://t.co/A9qQOEHtTh
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.
https://t.co/y9ET2Jk83S
A happy person isn\u2019t someone who\u2019s happy all the time.
— Naval (@naval) December 3, 2019
It\u2019s someone who effortlessly interprets events in such a way that they don\u2019t lose their innate peace.
There is no excuse for not picking this book up. There is something in it for everyone, and it's worth reflecting over.
— Eric Jorgenson
🔸If you don't follow me, please follow (@wealth_director) to see more content like this in the future.
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The Almanack of @naval Ravikant
— Wealth Director (@wealth_director) February 21, 2021
"A Guide to wealth and Happiness"
=A THREAD BY WD= pic.twitter.com/wXCIdla4q7
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