The Almanack of Naval Ravikant

Name of the Book: - The Almanack of Naval Ravikant

Author: - Eric Jorgenson

No of Chapters: -02 (Wealth and Happiness)

Number of Pages: - 232

Single sentence description of Book: - Summarised Collections of thoughts of  Angel Investor Naval Ravikant.  

Who is Naval Ravikant and Why he is important to learn :- Born in 1974, Attended Stuyvesant High School in 1989, Founder of Epinions at age of 25, Venture partner at August Capital at 27, Founder of vast.com at age of 29, Launched Angel List and invested in Uber at 34, Named as Angel investor of the year at age of 43 are some brief achievements of Naval Ravikant. Naval Ravikant is important to learn because he questions everything, tests things well, keeps on changing his mind continuously, thinks long term and most important is that he is good at not fooling himself.

What this book is about: - Book is culmination of thoughts of Naval Ravikant on building wealth and learning happiness in life. Naval lays important on the fact that nobody is going to be rich by renting out their time. He states that everyone must own equity- a piece of business to achieve financial freedom. He also elaborates the fact that one can be rich by giving society what it wants but does not know how to get it. He explains the importance of old age concept of leverage in the modern world by stating that in the world of internet, code and social media are means of permission less leverage which can be exploited to generate wealth. He explains the concept of leverage of internet in creating wealth by citing examples of Joe Rogan (who makes $ 50 to $ 100 million through podcast), you tuber PweDiePie and many more. He lays special importance on taking accountability of our actions to build a great brand for our self in long term. He puts special emphasis on saving your time by prioritizing and focussing what you want to achieve in life. He gives specific importance to regular reading to improve the foundation of our knowledge. He explained the concept of happiness by being present in present, by building good habits, surrounded by happy people and many more simple things. He lays special importance on mediation and efforts on building and changing yourself constantly. Some of the recommended readings on various topics by Naval Ravikant have been covered in the last portion of the book. Naval Ravikant has explained the life in the form of mathematical formulas, one of which is enumerated below:-

Sleep= No alarms +8-9 hours + Circadian rhythms  

Some special insights from the book

1.        If anything is written to make money then don’t read it.

2.       In investing, the diversification and knowledge are inversely proportional

3.       Life and business have filled with many people playing zero sum games and a few ones playing positive sum games.

4.       Meditation is intermittent fasting for the mind.

5.       The hardest thing is not doing what you want- it’s knowing what you want.

6.       Before you can lie to another, you must lie to yourself.

7.       The three big ones in life are wealth, health and happiness. We pursue them in that order, but their importance is reverse.

Overall Review: - Book is a great collection of thoughts of Naval Ravikant which are normally neglected by people. Excellent and recommended book for reading.   

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