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
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
NAVAL
32
473 reads
MORE IDEAS ON THIS
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
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
32
444 reads
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Leverage the Internet's Opportunities
The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
"School, politics, sports, and games train us to compete against others. True rewards - wealth, knowledge, love, fitness, and equanimity - come from ignoring others and improving ourselves."
NAVAL RAVIKANT
Stocks and Compound Interest — 5 Big Lessons
When it comes to the power of compound returns in the stock market, there are five very important takeaways:
- The longer you’re invested in the market, the more your money will grow.
- The higher your annual investing returns, the more your money will grow.
- Small improv...
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