Elevated Path's Key Ideas from The Almanack of Naval Ravikant
by Eric Jorgenson

Getting rich is about knowing what to do, who to do it with, when to do it. It is much more about understanding than purely hard work.

● BUILD SPECIFIC KNOWLEDGE

● USE LEVERAGE

● BUILD JUDGMENT

● LEARN MENTAL MODELS

● BUILD ACCOUNTABILITY

● DO HARD THINGS BE PATIENT

● BE AUTHENTIC

● PLAY THE RIGHT GAMES

It cannot be trained.

It is found by pursuing your genuine curiosity and passion.

It will feel like play to you but will look like work to others.

"Become the best in the world at what you do. Keep redefining what you do until this is true."

The Art of Habits (It's free)

"You're never going to get rich by renting your time."

3 classes of leverage:

• Labor
• Money
• Products with no marginal cost of replication (books, media, code). They're permissionless.

Wisdom applied to external problems is judgment.

Stay on the bleeding edge of study technology design, and art.

Become really good at something.

The really smart thinkers are clear thinkers.

They understand the basics at a very fundamental level.

Mental models are really just compact ways for you to recall your own knowledge.

Evolution, inversion, complexity theory. economics, principal-agent theory, compound interest, basic math, black swan, calculus, falsifiability

Build a unique character, a unique brand, a unique mindset, which causes luck to find you.

Put your name on it and take the risks.

Earn credibility, build your reputation And people will pay for your judgment

"Impatience with actions, patience with results."

Go struggle!

You have to do hard things to create your own meaning of life.

Everybody wants to get rich immediately, but the world is an efficient place, immediate doesn't work.

You have to put in the time

Escape competition through authenticity.

"No one can compete with you on being you."

Figure out what you were doing as a kid or teenager almost effortlessly.

Something you didn't even consider a skill, but people around you noticed.

"Play stupid games, win stupid prizes."

Avoid Status Games. They make you into an angry, combative person.

Always fighting to put other people down.

The state when nothing is missing, mind running into the past or future to regret something or to plan something.

It's about the absence of desire, especially for external things.

● HABITS

● FREEDOM

● RATIONAL BUDDHISM

At the end of the day, you are Combination of your habits and the people who you spend the most time with.

Prioritize your health:

• Diet
• Exercises
• Cold exposure
• Meditation

"To have peace of mind, you have to have peace of body first."

"The hardest thing is not doing what you want, it's knowing what you want.'

Look for free yourself FROM....

• expectation
• anger sadness
• being forced to do things

Try everything, test it for yourself, be skeptical, keep what is useful and discard what is not.

"The older the question, the older the answers."

The Art of Habits (It's free)