Conversation

Naval
@naval
Replying to
@naval
Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
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Naval
@naval
Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.
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Naval
@naval
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
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Naval
@naval
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.
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Naval
@naval
You will get rich by giving society what it wants but does not yet know how to get. At scale.
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Naval
@naval
The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.
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Naval
@naval
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
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Naval
@naval
Pick business partners with high intelligence, energy, and, above all, integrity.
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Naval
@naval
Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.
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Naval
@naval
Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.
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Naval
@naval
Building specific knowledge will feel like play to you but will look like work to others.
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Naval
@naval
When specific knowledge is taught, it’s through apprenticeships, not schools.
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Naval
@naval
Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.
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Naval
@naval
Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.
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