The Almanack of Naval Ravikant: A Guide to Wealth and Happiness
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About this ebook
So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like?
Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.
Eric Jorgenson
Eric Jorgenson writes about technology and startups. He is also CEO of Scribe Media. His blog has educated and entertained more than one million readers since 2014. He is the author of The Almanack of Naval Ravikant (over 1 million sold) and hosts the podcast Smart Friends. He also invests in early-stage technology companies.
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Reviews for The Almanack of Naval Ravikant
161 ratings15 reviews
What our readers think
Readers find this title to be a wonderful book full of pearls of wisdom for building wealth and developing happiness. The author's clarity and mindset about wealth are amazing, and his explanations on happiness as a skill are insightful. The book is highly recommended and considered a masterpiece. It provides life hacks, personal philosophy, and experiences that readers find interesting and valuable. It is a great read that opens minds and inspires personal growth.
- Rating: 5 out of 5 stars5/5This book is enlightening. Like a flashlight that shines in your attic where you hid treasures. This book just shone a light on it.
- Rating: 4 out of 5 stars4/5An easy read explains things in an open-minded way. .
- Rating: 5 out of 5 stars5/5A very well written life hack book and very open and frank on what works for him, his value system and so on. Highly recommended.
- Rating: 5 out of 5 stars5/5It is a great book to read, learned a lot from this book. This my first book which I read from starting to end completely.
Thank you Eric Jorgenson for bringing this up. - Rating: 5 out of 5 stars5/5An interesting expresion of personal philosophy and experiences, I enjoy it.
- Rating: 5 out of 5 stars5/5I have a lot of takeaway from this book. Definitely must read.
- Rating: 5 out of 5 stars5/5I loved it. Masterpiece and very interesting. Must read for 2021.
- Rating: 5 out of 5 stars5/5Its a wonderful book full of pearls of wisdom for building wealth and also developing happiness. The book is divided into two parts - Part 1 is Wealth and Part 2 is Happiness. In Part 1, Naval breaks down the concepts and explains how to think of wealth and ways to build it. His clarity and his mindset about wealth is amazing. In second part he explains how happiness is also a skill and ways to think about happiness, his inspirations from age-old philosophies tied with his own experience makes it easier to connect and understand these things. Great work by Eric Jorgenson in curating these tweets, talks and putting it so clearly and succinctly in a format so friendly and accessible.
1 person found this helpful
- Rating: 5 out of 5 stars5/5This is the most fantastic book I have ever read recently. I love it, and I would like to build my principles out of it.
1 person found this helpful
- Rating: 4 out of 5 stars4/58 8 8 8 8 8 9 8 8 8 9 8 9 9 9
1 person found this helpful
- Rating: 5 out of 5 stars5/5This pithy collection of most pragmatic business wisdom is based on a collection of tweets and posts by Naval Ravikant, who proves that self-aware, self-taught and self-reliance prepare one quite sufficiently for success in the modern world.
- Rating: 3 out of 5 stars3/5A decent look into the eyes of someone that practices meditation and has a clear goal in having your mind focused and embracing life as it comes
- Rating: 5 out of 5 stars5/5My first book. I really love it especially the happiness chapter ❤️
1 person found this helpful
- Rating: 4 out of 5 stars4/5open our minded about who really we can become .
1 person found this helpful
- Rating: 5 out of 5 stars5/5It’ll get under your skin and remind you of the beauty of having choice.
1 person found this helpful
Book preview
The Almanack of Naval Ravikant - Eric Jorgenson
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cover.jpg]>
Copyright © 2020 Eric Jorgenson
All rights reserved.
ISBN: 978-1-5445-1420-8
This book has been created as a public service. It is available for free download in pdf and e-reader versions on Navalmanack.com. Naval is not earning any money on this book. Naval has essays, podcasts and more at Nav.al and is on Twitter @Naval.
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For my parents, who gave me everything and always seem to find a way to give more.
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Contents
Important Notes On This Book (Disclaimer)
Foreword
Eric’s Note (About This Book)
Timeline of Naval Ravikant
Now, here is Naval in his own words…
Part I: Wealth
Building Wealth
Understand How Wealth Is Created
Find and Build Specific Knowledge
Play Long-Term Games with Long-Term People
Take on Accountability
Build or Buy Equity in a Business
Find a Position of Leverage
Get Paid for Your Judgment
Prioritize and Focus
Find Work That Feels Like Play
How to Get Lucky
Be Patient
Building Judgment
Judgment
How to Think Clearly
Shed Your Identity to See Reality
Learn the Skills of Decision-Making
Collect Mental Models
Learn to Love to Read
Part II: Happiness
Learning Happiness
Happiness Is Learned
Happiness Is a Choice
Happiness Requires Presence
Happiness Requires Peace
Every Desire Is a Chosen Unhappiness
Success Does Not Earn Happiness
Envy Is the Enemy of Happiness
Happiness Is Built by Habits
Find Happiness in Acceptance
Saving Yourself
Choosing to Be Yourself
Choosing to Care for Yourself
Meditation + Mental Strength
Choosing to Build Yourself
Choosing to Grow Yourself
Choosing to Free Yourself
Philosophy
The Meanings of Life
Live by Your Values
Rational Buddhism
The Present Is All We Have
Bonus
Naval’s Recommended Reading
Books
Other Recommendations
Naval’s Writing
Next on Naval
Appreciation
Sources
About the Author
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Important Notes On This Book (Disclaimer)
I built the Navalmanack entirely out of transcripts, Tweets, and talks Naval has shared. Every attempt is made to present Naval in his own words. However, there are a few important points.
The transcripts have been edited for clarity and brevity (multiple times).
Not all sources are primary (some excerpts are from other writers quoting Naval).
I can’t be 100 percent certain of every source’s authenticity.
Concepts and interpretations change over time, medium, and context.
Please verify phrasing with a primary source before citing Naval from this text.
Please interpret generously.
By definition, everything in this book is taken out of context. Interpretations will change over time. Read and interpret generously. Understand the original intent may be different than your interpretation in a different time, medium, format, and context.
In the process of creating this book, I may have mistakenly re-contextualized, misinterpreted, or misunderstood things. As content passed through time, space, and medium, some phrasing may have shifted in flight. Every effort has been made to maintain the original intent, but errors are (very) possible.
Interviews have been transcribed, edited, rearranged, and re-edited for readability. I did my best to keep Naval’s ideas in his own words.
All brilliance in this book is Naval’s; any mistakes are mine.
Tweets and Tweetstorms
Tweets are formatted like pull quotes but are unique content. I use them to summarize or punctuate an idea from the main prose.
This formatting shows I’m quoting a tweet.
Tweetstorms are connected tweets, formatted like this:
This is the first tweet in a tweetstorm.
↓
This is the second tweet. Tweetstorms are longer series of tweets all threaded together, similar to a blog post.
Bolded Questions
Many excerpts are from interviews by fantastic creators like Shane Parrish, Sarah Lacy, Joe Rogan, and Tim Ferriss. The questions are bolded. For simplicity and continuity, I do not distinguish various interviewers from each other.
Non-Narrative
This is a choose-your-own adventure book. Jump to anything that interests you and skip anything that doesn’t.
Look It Up
If you find a word or concept you’re not familiar with, look it up. Or, read on to find more context. Some referenced ideas are expanded upon later in the book.
Citations
Citations (like [1]) indicate the end of an excerpt. I’ve done my best to maintain context for smooth reading. Sources are in the appendix for reference. Some sources appear many times and do not appear in order.
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Foreword
By Tim Ferriss
Dear Reader,
It feels strange for me to write these words, as I committed many years ago to never write forewords.
I’m making a rare exception in this case for three reasons. First, a free version of this book is being offered to the world in a digital/Kindle/eBook format with no strings attached. Second, I’ve known Naval for more than a decade and have long wanted someone to compile this book. Third, I’m increasing the likelihood of Naval’s next child being named Tim
(I’ll settle for Timbo,
if he prefers).
Naval is one of the smartest people I’ve ever met, and he’s also one of the most courageous. Not in the run into the fire without thinking twice
sense, but in the think twice and then tell everyone they’re focusing on the wrong fire
sense. He is rarely part of any consensus, and the uniqueness of his life, lifestyle, family dynamics, and startup successes is a reflection of conscious choices he’s made to do things differently.
He can be as blunt as a foot to the face, but that’s part of what I love and respect about him: you never have to guess what Naval is thinking. I’ve never had to guess how he’s feeling about me, someone else, or a situation. This is a huge relief in a world of double-talk and ambiguity.
We’ve shared a lot of meals, shared a lot of deals, and hopped around the world together. That’s all to say that, while I consider myself a good people-watcher, I consider myself an excellent Naval-watcher. He is one of the people I call most for advice, and I’ve watched him in many habitats through many seasons: easy times, hard times, recessions, booms—you name it.
Sure, he’s the CEO and a co-founder of AngelList. Sure, he previously co-founded Vast.com and Epinions, which went public as part of Shopping.com. Sure, he’s an angel investor and has invested in many mega successes, including Twitter, Uber, Yammer, and OpenDNS, to name but a few.
That’s all great, of course, and it shows Naval is a world-class operator instead of an armchair philosopher.
But I don’t take his perspectives, maxims, and thoughts seriously because of the business stuff. There are lots of miserable successful
people out there. Be careful about modeling those, as you will get all the bathwater with the baby.
I take Naval seriously because he:
Questions nearly everything
Can think from first principles
Tests things well
Is good at not fooling himself
Changes his mind regularly
Laughs a lot
Thinks holistically
Thinks long-term
And…doesn’t take himself too goddamn seriously.
That last one is important.
This book will give you a good taste of what that cocktail of bullets looks like in Naval’s head.
So, pay attention…but don’t simply parrot his words. Follow his advice…but only if it holds up after scrutiny and stress-testing in your own life. Consider everything…but take nothing as gospel. Naval would want you to challenge him, as long as you bring your A-game.
Naval has changed my life for the better, and if you approach the following pages like a friendly but highly competent sparring partner, he might just change yours.
Keep your hands up and your mind open.
Pura Vida,
Tim Ferriss
Austin, Texas
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Eric’s Note (About This Book)
Throughout his career, Naval has generously shared his wisdom, and millions of people around the world follow his advice on building wealth and living happily.
Naval Ravikant is an icon in Silicon Valley and startup culture around the world. He founded multiple successful companies (Epinions during the 2000 dot-com crash, AngelList in 2010). Naval is also an angel investor, betting early on companies like Uber, Twitter, Postmates, and hundreds more.
More than a financial success, Naval has been sharing his own philosophy of life and happiness, attracting readers and listeners throughout the world. Naval is broadly followed because he is a rare combination of successful and happy. After a lifetime of study and application of philosophy, economics, and wealth creation, he has proven the impact of his principles.
Today, Naval continues to build and invest in companies almost casually, in his own artistic way, while maintaining a healthy, peaceful, and balanced life. This book collects and organizes the pieces of wisdom he has shared and shows you how to achieve the same for yourself.
Naval’s life story is instructive. An introspective founder, self-taught investor, capitalist, and engineer certainly has something to teach us all.
As a first-principles thinker with no fear of speaking his truth, Naval’s thoughts are often unique and thought-provoking. His instinct for seeing through life’s veneer has changed how I see the world.
I’ve learned an enormous amount from Naval. Reading, listening, and applying his principles of wealth and happiness has given me calm confidence on my path and taught me to enjoy every moment of this journey. Closely studying his career has shown me how great things are accomplished through small, persistent steps, and how large an impact one individual can have.
I refer to his work often and recommend it to friends. Those conversations inspired me to create this book, so people can learn from his perspective whether they’re new to Naval’s ideas or have followed him the past ten years.
This book collects the wisdom shared by Naval over the past decade in his own words through Twitter, blog posts, and podcasts. With this book, you can get the benefits of a lifetime in a few hours.
I created this book as a public service. Tweets, podcasts, and interviews quickly get buried and lost. Knowledge this valuable deserves a more permanent, accessible format. That is my mission with this book.
I hope this acts as an introduction to Naval’s ideas. I’ve collected his most powerful and useful ideas in his own words, woven them into a readable thread, and organized those into sections for easy reference.
I often find myself reviewing sections of this book before making an investment or opening to the Happiness chapter if I’m feeling off. Creating this book has changed me. I feel more clarity, confidence, and peace through all aspects of life. I hope reading it will do the same for you.
The Almanack is intended as a guide to be read and consulted for specific topics. If Naval doesn’t answer your emails, I hope this book gives you the next-best advice.
This book is an introduction to Naval and dives deeply into his two most-explored topics: wealth and happiness. If you want to continue exploring Naval and his other ideas, I encourage you to check out the Next on Naval
section at the end of this book. I’ve shared chapters that were edited out of the final book, as well as other popular resources.
Be well,
Eric
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Timeline of Naval Ravikant
1974 - Born in Delhi, India
1985 - Age 9 - Moved from New Delhi to Queens, NY
1989 - Age 14 - Attended Stuyvesant High School
1995 - Age 21 - Graduated Dartmouth (studied computer science and economics)
1999 - Age 25 - Founder/CEO of Epinions
2001 - Age 27 - Venture Partner at August Capital
2003 - Age 29 - Founder of Vast.com, a classified ad marketplace
2005 - Age 30 - Is called Radioactive Mud
in Silicon Valley
2007 - Age 32 - Founded Hit Forge, a small VC fund originally conceived as an incubator
2007 - Age 32 - Launched VentureHacks blog
2010 - Age 34 - Launched AngelList
2010 - Age 34 - Invested in Uber
2012 - Age 36 - Lobbied Congress to get the JOBS Act passed
2018 - Age 43 - Is named Angel Investor of the Year
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Now, here is Naval in his own words…
Background
I grew up in a single-parent household with my mom working, going to school, and raising my brother and me as latchkey kids. We were very self-sufficient from a very early age. There was a lot of hardship, but everyone goes through hardship. It did help me in a number of ways.
We were poor immigrants. My dad came to the US—he was a pharmacist in India. But his degree wasn’t accepted here, so he worked in a hardware store. Not a great upbringing, you know. My family split up. [47]
My mother uniquely provided, against the background of hardship, unconditional and unfailing love. If you have nothing in your life, but you have at least one person that loves you unconditionally, it’ll do wonders for your self-esteem. [8]
We were in a part of New York City that isn’t very safe. Basically, the library was my after-school center. After I came back from school, I would just go straight to the library and hang out there until they closed. Then, I would come home. That was my daily routine. [8]
We moved to the US when we were very young. I didn’t have many friends, so I wasn’t very confident. I spent a lot of time reading. My only real friends were books. Books make for great friends, because