๐ง๐ต๐ถ๐ ๐บ๐ฎ๐ป ๐ฏ๐ฒ๐ฐ๐ฎ๐บ๐ฒ ๐ฎ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป๐ฎ๐ถ๐ฟ๐ฒ ๐ฐ๐๐ ๐ต๐ฒ ๐ฑ๐ถ๐ฑ ๐๐ต๐ถ๐ ๐ผ๐ป๐ฒ ๐๐ต๐ถ๐ป๐ด ๐ฐ๐ผ๐ป๐๐ถ๐๐๐ฒ๐ป๐๐น๐.
When Naval Ravikant was 9 years old, he and his family (mom, dad, & brother) moved from New Delhi to New York.
His father was a pharmacist in India, but his pharmacist credentials were not acceptable in the USA.
So, both his parents did clerical work initially.
But shortly after moving, his parents split up, leaving his mother responsible for raising him and his brother for the majority of their childhoods.
During his childhood, Naval read a lot because his mother was always working multiple jobs and attending night school.
He says " The library was my after-school center."
Even today he continues investing in reading - "A really good book costs $10 or $20 and can change your life in a meaningful way. Itโs not something I believe in saving money on. This was even back when I was broke and I had no money. I always spent money on books. I never viewed that as an expense. Thatโs an investment to me."
One of my favorite quotes of his is: โReading a book isnโt a race โ the better the book, the more slowly it should be absorbed.โ
Today, Naval is the CEO and co-founder of AngelList. He's invested in more than 100 companies, including Uber, Twitter, Yammer, and many others.
But more than that,
He is an incredibly deep thinker who challenges the status quo on so many things.
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10 of my fav quotes from him:
1. โAll the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.โ
2. โEmbrace accountability and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.โ
3. โIf you can outsource something or not do something for less than your hourly rate, outsource it or donโt do it.โ
4. โThe less you want something, the less youโre thinking about it, the less youโre obsessing over it, the more youโre going to do it in a natural way.โ
5. โForget rich versus poor, white-collar versus blue. Itโs now leveraged versus un-leveraged.โ
6. โForty hour work weeks are a relic of the Industrial Age. Knowledge workers function like athletes โ train and sprint, then rest and reassess.โ
7. โEarn with your mind, not your time.โ
8. โI would rather be a failed entrepreneur than someone who never tried. Because even a failed entrepreneur has the skill set to make it on their own.โ
9. โMost of the gains in life come from suffering in the short term so you can get paid in the long term.โ
10. โMy definition of wisdom is knowing the long-term consequences of your actions. Wisdom applied to external problems is judgment.โ
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