Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
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This is not a summary, nor anything of my own. This is a life-changing thread from Naval's twitter account. Follow him on X, @naval
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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."
When it comes to the power of compound returns in the stock market, there are five very important takeaways:
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