Smart Friends

Nick Huber owns a real estate private equity company (http://boltstorage.com) in the self storage space. He owns 24 properties and over 630,000 rentable square feet in 4 states. He employees a team of 17 individuals and has raised over $10m in outside capital. Artwork and illustrations by Jack Butcher of @VisualizeValue Huge thanks to Modern Stoa (modernstoa.co) for their help on creating and growing this very podcast you’re listening to now. If you need help with podcast growth or monetization, go to modernstoa.co or hit the founder up on Twitter (@consumersky) or Instagram (@iamaskyking).     If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson>> Follow @FirstsFamous on Twitter >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage >> Join the Course Correctly community: https://coursecorrectly.com/about/ I appreciate your support!   Important quotes from Naval on building wealth and the difference between wealth and money: How to get rich without getting lucky. - Naval Ravikant Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant I came up with the principles in my tweetstorm (below) for myself when I was really young, around thirteen or fourteen. I’ve been carrying them in my head for thirty years, and I’ve been living them. Over time (sadly or fortunately), the thing I got really good at was looking at businesses and figuring out the point of maximum leverage to actually create wealth and capture some of that created wealth. - Naval Ravikant Seek wealth, not money or status. - Naval Ravikant  Wealth is having assets that earn while you sleep. - Naval Ravikant  Money is how we transfer time and wealth. - Naval Ravikant Ignore people playing status games. They gain status by attacking people playing wealth creation games.  You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant  The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn. The old model of making money is going to school for four years, getting your degree, and working as a professional for thirty years. But things change fast now. Now, you have to come up to speed on a new profession within nine months, and it’s obsolete four years later. But within those three productive years, you can get very wealthy. - Naval Ravikant 

Andrew Wilkinson is the co-founder of Tiny, a venture capital firm that has helped to build over 25 profitable internet businesses over the last 15 years. He got his start founding MetaLab, one of the world’s top design agencies. He has gone from working out of his apartment a little over a decade ago, to today overseeing a group of companies with over 300 employees and tens of millions in revenue. Artwork and illustrations by Jack Butcher of @VisualizeValue Huge thanks to Modern Stoa (modernstoa.co) for their help on creating and growing this very podcast you’re listening to now. If you need help with podcast growth or monetization, go to modernstoa.co or hit the founder up on Twitter (@consumersky) or Instagram (@iamaskyking).     If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson>> Follow @FirstsFamous on Twitter >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage >> Join the Course Correctly community: https://coursecorrectly.com/about/ I appreciate your support!   Important quotes from Naval on building wealth and the difference between wealth and money: How to get rich without getting lucky. - Naval Ravikant Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant I came up with the principles in my tweetstorm (below) for myself when I was really young, around thirteen or fourteen. I’ve been carrying them in my head for thirty years, and I’ve been living them. Over time (sadly or fortunately), the thing I got really good at was looking at businesses and figuring out the point of maximum leverage to actually create wealth and capture some of that created wealth. - Naval Ravikant Seek wealth, not money or status. - Naval Ravikant  Wealth is having assets that earn while you sleep. - Naval Ravikant  Money is how we transfer time and wealth. - Naval Ravikant Ignore people playing status games. They gain status by attacking people playing wealth creation games.  You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant  The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn. The old model of making money is going to school for four years, getting your degree, and working as a professional for thirty years. But things change fast now. Now, you have to come up to speed on a new profession within nine months, and it’s obsolete four years later. But within those three productive years, you can get very wealthy. - Naval Ravikant

Sky King is an entrepreneur and podcaster, passionate about creating systems that incentivize authenticity in media. He founded his company Modern Stoa based in Austin, Texas where he helps podcasters like Aubrey Marcus, Paul Saladino, Luke Storey, and more create and monetize sincere media. His new podcast Sky King’s Mental Playground will be launching in late August on Supercast. If you want to be early to the party subscribe at skyking.substack.com Artwork and illustrations by Jack Butcher of @VisualizeValue Huge thanks to Modern Stoa (modernstoa.co) for his help on creating and growing this very podcast you’re listening to now. If you need help with podcast growth or monetization, go to modernstoa.co or hit him up on Twitter (@consumersky) or Instagram (@iamaskyking).     If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson>> Follow @FirstsFamous on Twitter >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage >> Join the Course Correctly community: https://coursecorrectly.com/about/ I appreciate your support!   Important quotes from Naval on building wealth and the difference between wealth and money: How to get rich without getting lucky. - Naval Ravikant Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant I came up with the principles in my tweetstorm (below) for myself when I was really young, around thirteen or fourteen. I’ve been carrying them in my head for thirty years, and I’ve been living them. Over time (sadly or fortunately), the thing I got really good at was looking at businesses and figuring out the point of maximum leverage to actually create wealth and capture some of that created wealth. - Naval Ravikant Seek wealth, not money or status. - Naval Ravikant  Wealth is having assets that earn while you sleep. - Naval Ravikant  Money is how we transfer time and wealth. - Naval Ravikant Ignore people playing status games. They gain status by attacking people playing wealth creation games.  You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn. The old model of making money is going to school for four years, getting your degree, and working as a professional for thirty years. But things change fast now. Now, you have to come up to speed on a new profession within nine months, and it’s obsolete four years later. But within those three productive years, you can get very wealthy. - Naval Ravikant

In the very first episode of Jorgenson’s soundbox Eric Jorgenson sought to use this opportunity to answer some of your core questions around The Almanack of Naval including: What I learned creating the Almanack of Naval?What story is underrated from the Alamanack of Naval?What I have applied from The Almanack of Naval?And of course I answered questions about leverage!At the end of this episodes Erick Jorgenson  We also go into what you can expect from Jorgenson's Soundbox. Topics can include DeFi, NFT's, How to put your money to work, education and much more. I hope you enjoy and continue on the journey to Jorgenson’s Soundbox.A huge thank you to Naval Ravikant, Tim Ferriss, Jack Butcher, and everyone who made this book possible. Thank you for helping Eric Jorgenson help others live the lives that they want to live.If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson>> Follow @FirstsFamous on Twitter >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage >> Join the Course Correctly community: https://coursecorrectly.com/about/ I appreciate your support!   Important quotes from Naval on building wealth and the difference between wealth and money: How to get rich without getting lucky. - Naval Ravikant Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant I came up with the principles in my tweetstorm (below) for myself when I was really young, around thirteen or fourteen. I’ve been carrying them in my head for thirty years, and I’ve been living them. Over time (sadly or fortunately), the thing I got really good at was looking at businesses and figuring out the point of maximum leverage to actually create wealth and capture some of that created wealth. - Naval Ravikant Seek wealth, not money or status. - Naval Ravikant  Wealth is having assets that earn while you sleep. - Naval Ravikant  Money is how we transfer time and wealth. - Naval Ravikant Ignore people playing status games. They gain status by attacking people playing wealth creation games.  You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant  The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn. The old model of making money is going to school for four years, getting your degree, and working as a professional for thirty years. But things change fast now. Now, you have to come up to speed on a new profession within nine months, and it’s obsolete four years later. But within those three productive years, you can get very wealthy. - Naval Ravikant  

This final episode of The Almanack of Naval Ravikant includes Naval’s favorite books, his recommended reading, and more thoughts. This is a great resource to view Naval’s influences, and to find books to read deeper on key ideas from the book: investing, mental models, happiness, philosophy, and science. You’ll notice authors like Matt Ridley, Nassim Taleb, Richard Feynman, and more as well as some blog posts from Naval in this Epilogue. Huge thanks to Sky King for his help. If you need help with podcast growth or monetization go to modernstoa.co or hit him up on twitter @consumerskyArtwork and illustrations by Jack Butcher of @VisualizeValue Shownotes: Important Quotes from the podcast on Books:The truth is, I don’t read for self-improvement. I read out of curiosity and interest. The best book is the one you’ll devour. - Naval Ravikant Read enough, and you become a connoisseur. Then you naturally gravitate more toward theory, concepts, nonfiction. - Naval Ravikant I always spent money on books. I never viewed that as an expense. That’s an investment to me. - Naval Ravikant If you eat, invest, and think according to what the “news” advocates, you’ll end up nutritionally, financially, and morally bankrupt. - Naval Ravikant

Naval shares the biggest, deepest, oldest thoughts in this philosophy episode. What is the meaning of life? It turns out there are 3 answers, from Naval’s perspective. Naval shares the values that he lives by, and “rational buddhism” the foundation of his worldview, which involves science, evolution, and ancient eastern wisdom. At the end of the day, as Naval reminds us… the present is all we have. This very moment of consciousness to enjoy peace and find joy and happiness.Huge thanks to Sky King for his help. If you need help with podcast growth or monetization go to modernstoa.co or hit him up on twitter @consumersky Artwork and illustrations by Jack Butcher of @VisualizeValueShownotes:Important Quotes from the podcast on The Meaning of Life: The real truths are heresies. They cannot be spoken. Only discovered, whispered, and perhaps read. - Naval Ravikant Before you can lie to another, you must first lie to yourself. - Naval Ravikant Important Quotes from the podcast on Values:Another example of a foundational value: I don’t believe in any short-term thinking or dealing. If I’m doing business with somebody and they think in a short-term manner with somebody else, then I don’t want to do business with them anymore. All benefits in life come from compound interest, whether in money, relationships, love, health, activities, or habits. I only want to be around people I know I’m going to be around for the rest of my life. I only want to work on things I know have long-term payout. - Naval Ravikant Important Quotes from the podcast on Wisdom and being present:The older the question, the older the answers. - Naval Ravikant Everyone starts out innocent. Everyone is corrupted. Wisdom is the discarding of vices and the return to virtue, by way of knowledge. - Naval Ravikant Inspiration is perishable—act on it immediately. - Naval Ravikant “Everything is more beautiful because we’re doomed. You will never be lovelier than you are now, and we will never be here again.” —Homer, The Iliad

Naval Ravikant, an entrepreneur and author known for his deep insights into wealth and happiness, shares his philosophy on self-reliance and personal growth. He emphasizes that life is a single-player game—no one is responsible for your success but you. Topics like prioritizing health through daily exercise, the mental clarity gained from meditation, and the transformative power of good habits are explored. Naval advocates for self-discovery and pursuing personal passions, reminding listeners that true freedom comes from within.

Naval Ravikant, a renowned entrepreneur and author, shares his transformative insights on happiness and personal well-being. He emphasizes that happiness is a learned skill, not just a fleeting emotion. Through practical strategies, Naval discusses how to overcome negative comparisons and societal pressures. He highlights the importance of acceptance and cherishing the present moment, revealing that managing desires can lead to inner peace. His thoughts on aligning happiness with personal growth create a compelling framework for a fulfilling life.

Naval says building good judgement is a foundation to building wealth and getting rich. But how do we build judgement? How do we get smarter? Become wiser? Make better decisions? This episode focuses on Naval’s advice for learning to learn, learning to think, learning to see reality. This helps you make good business decisions, investment decisions, and good partnership decisions. We talk about Naval’s favorite books, mental models, and his techniques for reading. By the end of this episode, we hope you are a little calmer, a little wiser, and more assured in your path. Huge thanks to Sky King for his help. If you need help with podcast growth or monetization go to modernstoa.co or hit him up on twitter @consumersky Artwork and illustrations by Jack Butcher of @VisualizeValue Shownotes: Important Quotes from the podcast on Judgement and thinking clearly: Wisdom applied to external problems is judgement - Naval “Clear thinker” is a better compliment than “smart.” - Naval Ravikant Clear thinkers appeal to their own authority. - Naval The really smart thinkers are clear thinkers. They understand the basics at a very, very fundamental level. I would rather understand the basics really well than memorize all kinds of complicated concepts I can’t stitch together and can’t rederive from the basics. If you can’t rederive concepts from the basics as you need them, you’re lost. You’re just memorizing. - Naval Ravikant Very smart people tend to be weird since they insist on thinking everything through for themselves. A contrarian isn’t one who always objects—that’s a conformist of a different sort. A contrarian reasons independently from the ground up and resists pressure to conform.  Cynicism is easy. Mimicry is easy. Optimistic contrarians are the rarest breed. - Naval RavikantImportant Quotes from the podcast on Wealth, Business, and Entrepreneurship:You don’t get rich by spending your time to save money. You get rich by saving your time to make money. - Naval Ravikant One definition of a moment of suffering is “the moment when you see things exactly the way they are.” This whole time, you’ve been convinced your business is doing great, and really, you’ve ignored the signs it’s not doing well. Then, your business fails, and you suffer because you’ve been putting off reality. You’ve been hiding it from yourself. - Naval The more desire I have for something to work out a certain way, the less likely I am to see the truth. Especially in business, if something isn’t going well, I try to acknowledge it publicly and I try to acknowledge it publicly in front of my co-founders and friends and co-workers. Then, I’m not hiding it from anybody else. If I’m not hiding it from anybody, I’m not going to delude myself from what’s actually going on. - Naval RavikantImportant Quotes from the podcast on Leverage:In an age of leverage, one correct decision can win everything. - Naval You have to put in the time, but the judgment is more important. The direction you’re heading in matters more than how fast you move, especially with leverage. - Naval Ravikant Charisma is the ability to project confidence and love at the same time. It’s almost always possible to be honest and positive. - Naval I think people have a hard time understanding a fundamental fact of leverage. If I manage $1 billion and I’m right 10 percent more often than somebody else, my decision-making creates $100 million worth of value on a judgment call. With modern technology and large workforces and capital, our decisions are leveraged more and more. - Naval Ravikant

Naval Ravikant, an entrepreneur and angel investing guru, shares his wealth-building insights and principles. He differentiates between true wealth and mere money, emphasizing that wealth comes from valuable assets and authentic passions. Naval discusses the power of specific knowledge and the evolution of leverage, advocating for a focus on technology and creativity. He also highlights the importance of life choices and reputation in career success, while exploring the journey toward happiness beyond financial gains. Prepare for a thought-provoking dive into wealth creation!