THE Almanack
of
Naval Ravikant

Wealth creation is a skillset.

own equity, play long-term games with long-term people

Play Iterated games. => compounding effect => Higher returns [wealth, relationships, knowledge]

Master a specific knowledge which should look like a game for you.

Business leverage = [capital + people + tech products (code, media, videos, blogs, podcast)]

capital + people -> Permissioned leverage

Code and media -> Permissionless leverage -> creates wealth while you are asleep

<microeconomics, game theory, psychology, persuasion, ethics, mathematics and computers>

<Technology> => build something new for society. Steve Jobs example to create smartphone first and then scale it to make it available for the world.

<Keep redefining yourself.>