Naval on wealth and happiness. On Twitter at @naval.

Matt Ridley: How Innovation Works, Part 2
Jul 15 • 30 min
Innovation is the parent of prosperity
Matt Ridley: How Innovation Works, Part 1
Jul 9 • 29 min
Innovation is the child of freedom
How to Angel Invest, Part 2
Jun 12 • 36 min
A preview of our other podcast
The Path to Peace Is Truth
Mar 26 • 1 min
Discovering the truth can change you where self-improvement fails
Groups Search for Consensus, Individuals Search for Truth
Mar 24 • 2 min
Even smart people go along with society’s lies
The Closer You Are to the Truth, the More Silent You Become Inside
Mar 10 • 1 min
Wise people are quiet.
Happiness Is Peace in Motion
Mar 5 • 2 min
Peace is happiness at rest. Transcript:
Finding Peace from Mind
Mar 3 • 2 min
The mind should be a servant, not a master
Breaking Addiction is Socially Unacceptable
Feb 26 • 1 min
Addiction holds together artificial relationships and fake activities
The Modern Struggle Is Fighting Weaponized Addiction
Feb 24 • 1 min
Pursuing pleasure for its own sake creates addiction
Work the Least for It
Feb 19 • 1 min
Happy people make better decisions
Being Unhappy Is Very Inefficient
Feb 17 • 1 min
A peaceful mind makes better decisions
If You’re So Smart, Why Aren’t You Happy?
Feb 12 • 2 min
You can increase your happiness without losing your drive
Desire Is a Contract You Make to Be Unhappy
Feb 10 • 1 min
Happiness is returning to a state where nothing is missing
Happiness Is a Skill You Can Develop
Feb 3 • 1 min
You’re not stuck at your current level of happiness
Happiness Is Not Science or Math
Jan 28 • 1 min
Happiness is more like poetry than algorithms
Happiness Without Material Comfort Is Playing on Hard Mode
Jan 28 • 2 min
It’s easier to fulfill your material desires than to renounce them
Live Long Enough and You’ll Become a Philosopher
Jan 25 • 1 min
This podcast is a practical philosophy of health, wealth and happiness
How to Get Rich: Every Episode
Dec 10, 2019 • 215 min
Every interview on “How to Get Rich”
How to Angel Invest, Part 1
Nov 17, 2019 • 39 min
A preview of our other podcast
Externalities: Calculating the Hidden Costs of Products
Jul 31, 2019 • 1 min
Externalities let you account for the true cost of products by including hidden costs like environmental damage.
Net Present Value: What Future Income Is Worth Today
Jul 29, 2019 • 1 min
What future income is worth today by applying a discount to its future value.
Consumer Surplus: Getting More Than You Paid For
Jul 25, 2019 • 0 min
A lot of people are willing to pay more than what companies charge.
Price Discrimination: Charge Some People More
Jul 23, 2019 • 1 min
Charge people for extras based on their propensity to pay.
Compounding Relationships Make Life Easier
Jul 19, 2019 • 2 min
Life gets a lot easier when you know someone’s got your back.
Turn Short-Term Games Into Long-Term Games
Jul 15, 2019 • 2 min
Improve your leverage in negotiations by turning short-term relationships into long-term ones.
Schelling Point: Cooperating Without Communicating
Jul 12, 2019 • 1 min
People who can’t communicate can cooperate by anticipating the other person’s actions.
Kelly Criterion: Avoid Ruin
Jul 10, 2019 • 1 min
Don’t ruin your reputation or get wiped to zero.
Principal-Agent Problem: Act Like an Owner
Jul 8, 2019 • 6 min
If you think and act like an owner, it’s only a matter of time until you become an owner.
Envy Can Be Useful, or It Can Eat You Alive
Jun 28, 2019 • 3 min
Envy can give you a powerful boost, or it can eat you alive if you let it follow you.
Being Ethical Is Long-Term Greedy
Jun 26, 2019 • 3 min
If you cut fair deals, you will get paid in the long run.
We Should Eventually Be Working for Ourselves
Jun 24, 2019 • 4 min
The goal is that we are eventually wealthy and working for ourselves.
Accountability Means Letting People Criticize You
Jun 21, 2019 • 3 min
Misunderstanding accountability, and other mistakes on the path to creating wealth.
How to Get Rich: Every Episode
Jun 2, 2019 • 215 min
Every interview on “How to Get Rich”
Productize Yourself
May 24, 2019 • 1 min
Figure out what you’re uniquely good at and apply as much leverage as possible.
There Are No Get Rich Quick Schemes
May 23, 2019 • 4 min
Get rich quick schemes are just someone else getting rich off you.
A Calm Mind, a Fit Body, a House Full of Love
May 21, 2019 • 4 min
When you’re finally wealthy, you’ll realize it wasn’t what you were seeking in the first place.
Reject Most Advice
May 20, 2019 • 2 min
Most advice is people giving you their winning lottery ticket numbers.
Eventually You Will Get What You Deserve
May 19, 2019 • 4 min
Apply specific knowledge with leverage and eventually you will get what you deserve.
Play Stupid Games, Win Stupid Prizes
May 17, 2019 • 2 min
Competition will blind you to greater games. You’re one step away from a better market.
Escape Competition Through Authenticity
May 16, 2019 • 5 min
Competition can make you play the wrong game. No one can compete with you on being you.
Keep Redefining What You Do
May 13, 2019 • 2 min
Become the best in the world at what you do. Keep redefining what you do until this is true.
Be Too Busy to “Do Coffee”
May 8, 2019 • 4 min
You should be too busy to “do coffee”, while still keeping an uncluttered calendar.
Work As Hard As You Can
May 6, 2019 • 5 min
Work as hard as you can. Even though what you work on and who you work with are more important.
Set an Aspirational Hourly Rate
May 1, 2019 • 3 min
If outsourcing a task will cost less than your hourly rate, outsource it.
Judgment Is the Decisive Skill
Apr 29, 2019 • 6 min
Everything we’ve discussed so far has been setting you up to apply judgment.
Example: From Laborer to Real Estate Tech
Apr 26, 2019 • 5 min
The continuum from laborer to real estate tech company goes from low to high specific knowledge, accountability and leverage.
Pick a Business Model With Leverage
Apr 22, 2019 • 5 min
Ideally, you should pick a business model with network effects, low marginal costs and scale economies.
Product Leverage Is Egalitarian
Apr 19, 2019 • 5 min
Labor and capital are limited to the people who control those resources. But products reach global markets.
Product and Media Are New Leverage
Apr 17, 2019 • 5 min
Product and media are the leverage of new wealth. Create software and media that work for you while you sleep.
Labor and Capital Are Old Leverage
Apr 15, 2019 • 4 min
Wealth requires leverage. Labor and capital are older forms of leverage that everyone is fighting over.
Take Accountability to Earn Equity
Apr 13, 2019 • 4 min
If you have high accountability, you’re less replaceable and you can get a piece of the business.
Embrace Accountability to Get Leverage
Apr 11, 2019 • 4 min
Embrace accountability. Society will reward you with leverage.
There’s No Actual Skill Called Business
Apr 8, 2019 • 5 min
There’s no actual skill called business. Avoid business schools and magazines.
The Foundations Are Math and Logic
Apr 5, 2019 • 3 min
If you understand mathematics and logic, you have the basis for understanding everything else.
Read What You Love Until You Love to Read
Apr 3, 2019 • 4 min
You should be able to pick up any book in the library and read it.
Learn to Sell, Learn to Build
Mar 31, 2019 • 5 min
Learn to sell. Learn to build. If you can do both, you will be unstoppable.
Specific Knowledge Is Highly Creative or Technical
Mar 28, 2019 • 5 min
Specific knowledge tends to be creative or technical. It’s on the bleeding edge of technology, art and communication.
Arm Yourself With Specific Knowledge
Mar 25, 2019 • 6 min
Arm yourself with specific knowledge. It can’t be trained but it can be found by pursuing your genuine curiosity.
Partner With Rational Optimists
Mar 22, 2019 • 5 min
Don’t partner with cynics and pessimists. Their beliefs are self-fulfilling.
Pick Partners With Intelligence, Energy and Integrity
Mar 22, 2019 • 4 min
Picking partners with high intelligence, energy and integrity is the three-part checklist that you can’t compromise on.
Play Long-term Games With Long-term People
Mar 19, 2019 • 6 min
Pick an industry where you can play long-term games with long-term people. All returns in life come from compound interest over many turns of the game.
The Internet Has Massively Broadened Career Possibilities
Mar 19, 2019 • 4 min
The Internet has massively broadened the possible space of careers, by allowing you to scale any niche obsession.
Give Society What It Doesn’t Know How to Get
Mar 14, 2019 • 2 min
Society will pay you for creating what it wants, but doesn’t know how to get, and delivering it at scale.
Live Below Your Means for Freedom
Mar 11, 2019 • 2 min
People living far below their means enjoy a freedom that people busy upgrading their lifestyles just can’t fathom.
You Won’t Get Rich Renting Out Your Time
Mar 8, 2019 • 4 min
You won’t get rich renting out your time, because you can’t earn non-linearly.
Make Luck Your Destiny
Mar 7, 2019 • 4 min
Build your character in a way so luck becomes deterministic.
Making Money Isn’t About Luck
Mar 6, 2019 • 5 min
Making money isn’t about luck. It’s about becoming the kind of person who makes money.
Free Markets Are Intrinsic to Humans
Mar 6, 2019 • 4 min
We’re the only animals who cooperate across genetic boundaries, because we can track credits and debits in voluntary exchanges.
Make Abundance for the World
Mar 5, 2019 • 3 min
Wealth isn’t about taking something from somebody else—it’s about creating abundance for the world.
Seek Wealth, Not Money or Status
Mar 5, 2019 • 6 min
The difference between wealth, money and status.