Who Is Naval?

Summarized by AI: “Naval Ravikant is an entrepreneur and angel investor best known for co-founding AngelList. He invested early in companies like Twitter and Uber and became influential in the startup world. He’s also widely followed for his ideas on building wealth, clear thinking, and living a meaningful, happy life.”

What I Learn from Naval

Two key thinking modes are mentioned multiple times by Naval: “Leverage Effect” and “Compound Effect.” The “Leverage Effect” is realized through capital (money), labor, and near-zero marginal cost medium (such as software). “Compound Effect” is one of the greatest magic in the human history showing that continous growth even starts in small can turn into the gigantic benefit in the long run.

Leverage and Compound Effect in Asset

The asset is what generates cash flow for you. Naval says buying stocks of good companies is one of the examples to define asset. From my point of view, establishing a successfual business or company plays the same way.

Leverage and Compound Effect in People

Be with people who have a positive mindset, integrity, and smartness.They are the people we can build something great with.

Leverage and Compound Effect in Branding Yourself

• Create something that is not only valuable but also scalable. Being scalable means it has its economic benefits to launch as a product in the market.
• Own unique skills that empower you to differentiate yourself in the group.
  • One of the unquness is achieved throught the cross-domain learning.
  • Learn how to create and sell. You are invincible if you are maters in both.
  • Never forget the fundamental skills. They are the foundation of the skyscraper. Math and economics for example are the fundamental skills we need to equip with.
  • Learn the art of leaving space. We need time to think with a free mind.
  • Read and speak well. This is same as what Rockefeller says. The only difference is that Rockefeller has higher standard in the selection of books (fiction books for example might not be encouraged.) while Naval is more open to any kinds of book reading as long as it makes you love reading.