Naval

Partner With Rational Optimists

A Calm Mind, a Fit Body, a House Full of Love

The Ultimate Foundations Are Math and Logic

Being Ethical Is Long-term Greedy

Accountability Means Letting People Hate on You

Give Society What It Doesn't Know How to Get

Seek Wealth, Not Money or Status

Reject Most Advice

Specific Knowledge Is Highly Creative or Technical

How to Angel Invest

Externalities: Calculating the Hidden Costs of Products

Net Present Value: What Future Income Is Worth Today

Consumer Surplus: Getting More Than You Paid For

Price Discrimination: Charge Some People More

Compounding Relationships Make Life Easier

Turn Short-Term Games Into Long-Term Games

Schelling Point: Cooperating Without Communicating

Kelly Criterion: Avoid Ruin

Principal-Agent Problem: Act Like an Owner

Envy Can Be Useful, or It Can Eat You Alive

We Should Eventually Be Working for Ourselves

How to Get Rich: Every Episode

Productize Yourself

There Are No Get Rich Quick Schemes

Eventually You Will Get What You Deserve

Play Stupid Games, Win Stupid Prizes

Escape Competition Through Authenticity

Keep Redefining What You Do

Be Too Busy to “Do Coffee”

Work As Hard As You Can

Set an Aspirational Hourly Rate

Judgment Is the Decisive Skill

Example: From Laborer to Real Estate Tech

Pick a Business Model With Leverage

Product Leverage Is Egalitarian

Product and Media Are New Leverage

Labor and Capital Are Old Leverage

Take Accountability to Earn Equity

Embrace Accountability to Get Leverage

There's No Actual Skill Called Business

Read What You Love Until You Love to Read

Learn to Sell, Learn to Build—You'll Be Unstoppable

Arm Yourself With Specific Knowledge

Pick Partners With Intelligence, Energy and Integrity

Play Long-term Games With Long-term People

The Internet Has Massively Broadened Career Possibilities

Live Below Your Means for Freedom

You Won't Get Rich Renting Your Time

Make Luck Your Destiny

Making Money Isn't About Luck

Free Markets Are Intrinsic to Humans

Ethical Wealth Creation Makes Abundance