Book Summary, Happiness, Self-Help, Success

The Almanack of Naval Ravikant by Eric Jorgenson – Book Summary & Highlights

The Almanack of Naval Ravikant

About This Book

How do you build wealth, judgement, and happiness in the modern world? Read “The Almanack of Naval Ravikant”. This book is a collection of wisdom and insights from Naval Ravikant, a successful entrepreneur, investor, and thinker. It will inspire you, challenge you, and transform you. It is a guide to living a fulfilling and meaningful life.

The Almanack of Naval Ravikant

A Guide to Wealth and Happiness

  • Author : Eric Jorgenson

  • Publisher ‏ : ‎ Magrathea Publishing (September 8, 2020)

  • Language ‏ : ‎ English

  • Hardcover ‏ : ‎ 242 pages

Buy The Almanack of Naval Ravikant

3 Sentenses

  1. This book is a collection of wisdom and insights from Naval Ravikant, a successful entrepreneur, investor, and thinker.
  2. It covers topics such as building wealth and judgment, learning happiness, and saving yourself.
  3. It is a guide to living a fulfilling and meaningful life in the modern world.

5 Quotes

  1. “Getting rich is about knowing what to do, who to do it with, and when to do it.”
  2. “Become the best at what you do. Refine what you do until this is true. Opportunity will seek you out. Luck becomes your destiny.”
  3. "Happiness is a choice you make and a skill you develop. The mind is just as malleable as the body."
  4. "Impatience with actions, patience with results."
  5. "If your values line up, the little things don’t matter."

Who Is It For

Read this book if:

  • You care about achieving your goals and creating value in the world
  • You want to learn how to be more peaceful, content, and optimistic
  • You want to improve your decision-making and problem-solving skills
  • You want to find your own meaning and purpose in life
  • You want to be inspired by Naval's wisdom and insights

Actionable Takeways

💰 How to Build Wealth

  • Earn while you sleep
    • Own a piece of a business or start your own business
    • Get paid for your judgement, not your time
    • The internet enables more ane more people to work for themselves
  • Figure out your specific knowledge
    • What do you genuinely love?
    • What are you obssesed with?
    • What can you do effortlessly?
  • Take on accountability
    • Build credibility and take risks under your own name
  • Find a position of permissionless leverage
    • "Learn to sell, learn to build"
    • Create disconnection between inputs and outputs
    • Coding, writing, podcasting, YouTubing are great equalizers of leverage
  • Value your time at a very high hourly rate
    • Save time to make money; don't spend time to save money
    • "If you’re not spending your time doing what you want, and you’re not earning, and you’re not learning—what the heck are you doing?"
  • Play long-term games with long-term people
    • Be around people you're going to be around for the rest of your life
    • Work on things that have long-term payout
  • Be patient
    • Enjoy what you are doing and keep doing it
    • Don't count

⚖️ How to Build Judgement

  • Know the long-term consequences of your actions
  • See reality as it is, not as you think it should be
    • Don't let habit or memory guide you to conceive things
  • Understand the basics at a very fundamental level
    • If you know it, you can explain it to a child
  • Learn decision-making skills
    • Say yes only when you are very certain
    • If you are listing pros and cons, the answer is no
    • Take the path with short-term pain, but long-term gain
  • Collect mental models
    • Find compact ways to recall your knowledge
    • Naval's three best models: evolution, game theory, and Charlie Munger
  • Read
    • "Read what you love until you love to read."
    • Read the classics in math, science, and philosophy
    • Read one to two hours a day

😊 How to Learn Happiness

  • Be in the present
    • Embrace the present moment and the way it is
    • Don't get caught up in the future worries or the past regrets
  • Be peaceful
    • Notice when you are anxious
    • Be indifferent to things outside of your control
    • Judge less and don't be jealous
  • Desire less
    • "Desire is a contract you make with yourself to be unhappy until you get what you want.”
    • Pick up one big desire in your life and be satisfied with what you have
    • Ask your self "Is it so important to me I’ll be unhappy unless this goes my way?”
  • Accept
    • Step back and write down the bits of suffering you have
    • Ask yourself "What is the silver lining of the situation?"
    • Keep death on the forefront so you don't want to waste your time being unhappy
  • Change habits
    • Be yourself; "all you should do is what you want to do"
    • Care for yourself with healthier diet, regulat excercise, meditation and optimisticm
    • Free yourself from expectations, anger, employment, and uncontrolled thinking

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One thought on “The Almanack of Naval Ravikant by Eric Jorgenson – Book Summary & Highlights

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