The Almanack of Naval Ravikant by Eric Jorgenson
The Almanack of Naval Ravikant Summary The Five Big Ideas Understand how to create wealth Build judgment Learn the skills of decision making Learn to love to read Understand happiness is a choice Below are my five favorite big ideas from the book, rewritten for brevity. 1. Understand How to Create Wealth To get rich, seek specific knowledge , accountability , and leverage . Pursue your genuine curiosity and passion rather than whatever is hot right now. Specific knowledge is often highly technical or creative and cannot be outsourced or automated. Take business risks under your name as much as possible. Take credit when things go well and ownership when things go wrong. Society rewards those with responsibility, equity, and leverage. Leverage comes in the form of labor , capital , or through code or media . Labor requires followers. Capital requires leaders. Code or media, however, are permissionless and work while you sleep. You will not get rich by renting out your tim