Naval Ravikant Quotes Page 16

“Ignore people playing status games. They gain status by attacking people playing wealth creation games.”

“Labor means people working for you. It's the oldest and most fought-over form of leverage. Labor leverage will impress your parents, but don’t waste your life chasing it.”

“Learn to sell. Learn to build. If you can do both, you will be unstoppable.”

“Leverage is a force multiplier for your judgement. Judgement requires experience, but can be built faster by learning foundational skills.”

“Pick an industry where you can play long term games with long term people.”

“Pick business partners with high intelligence, energy, and, above all, integrity.”

“Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.”

“Reading is faster than listening. Doing is faster than watching.”

“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.”

“Set and enforce an aspirational personal hourly rate. If fixing a problem will save less than your hourly rate, ignore it. If outsourcing a task will cost less than your hourly rate, outsource it.”

“Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now. Building specific knowledge will feel like play to you but will look like work to others.”

“Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.”

“The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.”

“There are no get rich quick schemes. That's just someone else getting rich off you.”

“There is no skill called “business.” Avoid business magazines and business classes.”

“Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.”

“When specific knowledge is taught, it’s through apprenticeships, not schools. Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.”

“When you're finally wealthy, you'll realize that it wasn't what you were seeking in the first place.”

“You should be too busy to “do coffee," while still keeping an uncluttered calendar.”

“You will get rich by giving society what it wants but does not yet know how to get. At scale.”

“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.”

“So you came here through an unbroken chain of your ancestors from tadpoles till now that all replicated, are you literally gonna be the first ones to miss that branch? Yes, of course my ancestors are dead and I will never communicate with them, but I just can’t even imagine the thought that I have great grandfather’s and great-great grandfather’s who suffered all kinds of misery and hell to survive and to replicate… and I’m gonna say oh yeah, I couldn’t be bothered I was having too good of a time it’s actually passed the genes along.”

“'Clear thinker' is a better compliment than 'smart'.”

“All new information starts as misinformation.”

“All of the great entrepreneurs are artists.”

“Be the kind of person that your kids would look up to, if you weren’t their parent.”

“Capitalism relentlessly shaves every product down to its platonic ideal.”

“Clear thinkers take feedback from reality, not from society.”

“Comedy is the art of telling forbidden truths, without getting beat up.”

“Don’t argue with idiots on the Internet.

How do you know you’re arguing with an idiot? Because they’re arguing with idiots on the Internet.”