Learn more about personaldevelopment with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
You will get rich by giving society what it wants but does not yet know how to get. At scale
NAVAL
32
444 reads
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Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
NAVAL
39
604 reads
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
NAVAL
32
473 reads
Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.
NAVAL
29
517 reads
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
NAVAL
29
506 reads
The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.
NAVAL
28
481 reads
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.
NAVAL
35
472 reads
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Give Society What It Wants
You will get rich by giving society what it wants but does not yet know how to get. At scale.
Pick an industry where you can play long term games with long term people.
Society will pay you for creating things it wants. But society doesn't yet know how to create those things, because if it did, they wouldn't need you.
NAVAL RAVIKANT
The Gullible Teachers
Beware of financial gurus who teach how to get rich but did not use the same strategy to get rich themselves.
Very often those financial gurus get rich only because they teach how to get rich. Also, many people don’t really understand the mechanics of getting rich, yet the...
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