Ash 🇦🇺
@Ash
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How to Get Rich: Every Episode

Naval

Once you have leverage, judgement is critical

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In the current era of vast leverage, fortunes are built on obtaining leverage through various means like permission, risk-taking, teamwork, raising capital, or skill acquisition. After securing leverage, the focus shifts to the critical aspect of judgment. With increased leverage, like steering an ocean liner, the risks and rewards magnify, making sound judgment crucial. Noteworthy billionaires like Warren Buffett are exemplary due to their exceptional judgment, which attracts substantial investments solely based on trust in their decision-making. In an age of infinite leverage, one's judgment becomes the most crucial skill, surpassing even hard work or credibility.

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