3min chapter

Naval cover image

How to Get Rich: Every Episode

Naval

CHAPTER

The Importance of Being Ethical

Every one of us has a personal moral code. And where you got that moral code from is different for everybody. You want to be ethical because it attracts the other long term players in the network, and then they want to do business with you. In the short run, being unethical pays off, which is why so many people go for it. It's a greedy algrithm but you can be ethical simply because you're long term greedy. A lot of wisdom is just realizin long term consequences of your actions.

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