Naval Ravikant — The Person I Call Most for Startup Advice | The Tim Ferriss Show (Podcast)

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The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

Here from the Rogan podcast. This guy is incredible.

it starts at 05:50

Great podcast! Thank you so much! Here is the list of books they mentioned during the podcast. I think I wrote down most of them: 1. Sapiens: A Brief History of Humankind 2. Rational optimist 3. Poor charlie's almanack 4. Book of Life by Krishnamurti 5. Meditation by Marcus Aurelius 6. Ilusions by Richard Bach 7. Origins of virtue 8. Snowcrash 9. Siddhartha 10. The name of the wind 11. The lies of Locke Lamora 12. Zorba the greek 13. The secret life of salvador dalí 14. Surely you are joking Mr Feynman 15. Why do you care what others think Feynman

Naval Ravikant Quotes from the Episode: 1. “Any day in which I solve the same problem twice in a row, I’m pretty unhappy.” 2. “I’d like to do something different everything. I think all humans are meant to do that kind of thing.” 3. “The idea that we repeat ourselves and we specialize and pigeonhole ourselves is a modern invention created through the specialization of labour in the Industrial Revolution” 4. “A lot of happiness is just being present” 5. “To live in the present moment is the highest calling. It is the source of all happiness.” 6. “I think at the end of the day we are all founders. We are all meant to work for ourselves. We are meant to be individuals. We are not meant to follow. We are not meant to be in hierarchies. We are not meant out to go on a 9 to 5 job where we’re told what to do over and over. And the sooner we get off the grid and self actualize and become free, the better off all of humanity is.” 7. “My favourite founders are actually the ones I learn from” 8. “The hardest thing in this business (investing) is that great new companies always look really strange. They don’t look very much like the previous companies. You can get very easily trapped into believing that there is a certain way of doing things and then you find huge exceptions down the road which will cost you dearly.” 9. “As an investor, if you have a failed investment in one space the worst thing you can do is write off that space and not make an investment again.” 10. “There are lots and lots of Venture Capitalists who miss out on the great companies because they are looking for the perfect deal and there is no such thing.” 11. “The older the problem, the older the solution.” 12. “Guard your time more carefully than you guard your money” (Naval on the mistake to watch out for as an Early Stage Investor) 13. “If you want to be successful, surround yourself with people who are more successful than you are, but if you want to be happy, surround yourself with people who are less successful than you are.” 14. “If you stop talking to yourself/obsessing over your own story for even ten minutes you’ll realize that we’re really far up Maslow’s hierarchy of needs and that life is pretty good” 15. “Knowing how little you matter is actually, I would argue, very important for your own mental health and your own happiness.” 16. “We spend most of our waking lives dreaming. We think we are awake but are walking around talking to ourselves.” 17. “If you can learn to like to read, you never need to go to school.” 18. “The great thing about reading is you can use that to pick up any new skill” 19. “Be yourself. Don’t listen to other people. Don’t worry about what other people need or want or think or expect from you.” (Advice Naval would give his Younger Self) 20. “Desire is a contract that you make with yourself to be unhappy until you get what you want” 21. “The reality is you don’t need to find me. We all need to find ourselves.” (Side Quote by Naval on Tim’s question on where people can find Naval on the Internet) More Quotes and Key Takeaways on Motivation Castle :)

I stopped cigarettes 3 weeks ago . Needed to share that . I faced reality . Now to the best rest of my life . I'm 52, I'm not limber or flexible , I eat to much junk . I conquered the worst evil. This guy is helping me to understand what I have been lacking for knowledge

On Modern Loneliness: "...In India there's this concept of the extended family where you basically live with your tribe at all times, so when we were young, at our grandmother's place with my aunts, my uncles, my cousins, my grandparents, everyone was there, and it was a warm night so we went out to the backyard and put all these comforters and these little cots out and everyone would sleep in this giant pile with fifteen people underneath the stars...it was amazing...so there's two things that were great about it: the noise level didn't bother you, if someone's foot was in your face it didn't bother you. When it's family and you're young it all just works and you feel very safe and very happy. Another thing is that it reinforces how important the tribe is. Modern society gives us incredible flexibility in that we can get away from our crazy family members, we're not destined to die where we are born or to do what our parents did. So we have incredible freedom. But coming with it is this tremendous loneliness that we try to cover up either through drugs, alcohol, partying, even trying to find a mission like putting people on mars. But the reality is that a lot of that loneliness comes from being disconnected from growing up in your tribal environment so it's important that as you grow older to figure out how to build your tribe that is always around you. The more they're in your business the better. Like when I go to india in my grandparents house its impossible for anyone in there, in that house, to feel depressed. Theres dogs barking, seven cousins in your business, theres your aunts asking you if you've had enough to eat. Like everyone is always in your business. So depression requires some level of privacy or atleast that's self absorbed depression...there's an abject loneliness that all of us can feel that comes from being disconnected from our roots and our roots are very tribal" Ferris: "...when you have a bunch of people around you and you have other things to do that require you to be interacting with other entities and occupied its very hard to be self absorbed in a way that spirals downward" naval: "...it certainly is one way you can help not being depressed or lonely is when you constantly have other peoples' houses to go into or lives you can step into."

The literal second I was getting ready to Google orthogonal, Ferris asked him what it meant. I love little shit like that. Stellar

Wish I found this guy earlier, wise man

Time stamp: On the intensity of Naval Ravikant [6:55] On uncompromising honesty [16:54] How AngelList and Venture Hacks came to be [20:09] What Naval looks for when deciding to invest in a founder [25:24] Common “wives tales” in venture capital [32:39] What books, outside the startup world, have most improved Naval’s ability to invest? [36:54] Greatest investing hits and misses [51:49] When you think of the successful people, who is the first that comes to mind? [58:19] Meditative practices [1:00:58] How to replace bad habits with good habits [1:07:06] On setting stakes and awards [1:24:49] How to treat your life like a movie [1:34:44] Overused words and phrases [1:39:39] Early life education and the importance of “loving to read” [1:43:19] Advice for his younger self [1:51:09] Describing the first 60 minutes of each day [1:52:40] If you could have one billboard anywhere, where would it be and what would it say? [2:04:19]

The Feynman video on the Joy of Finding Things Out is one of those videos that i find myself watching multiple times year after year. That and the 4 Horseman with Hitchens et al

On the intensity of Naval Ravikant [6:55] On uncompromising honesty [16:54] How AngelList and Venture Hacks came to be [20:09] What Naval looks for when deciding to invest in a founder [25:24] Common “wives tales” in venture capital [32:39] What books, outside the startup world, have most improved Naval’s ability to invest? [36:54] Greatest investing hits and misses [51:49] When you think of the successful people, who is the first that comes to mind? [58:19] Meditative practices [1:00:58] How to replace bad habits with good habits [1:07:06] On setting stakes and awards [1:24:49] How to treat your life like a movie [1:34:44] Overused words and phrases [1:39:39] Early life education and the importance of “loving to read” [1:43:19] Advice for his younger self [1:51:09] Describing the first 60 minutes of each day [1:52:40] If you could have one billboard anywhere, where would it be and what would it say? [2:04:19] Thanks Tim!

Loved it. Tons of insight. Naval has a better understanding of how the world works than most successful people.

I’m driving a bus in London with this on my earphones. I had a great day at work today learnt so much. I get paid £18 hour to listen to this podcast how great is my job. I read sapians 2 years ago, just make sure you can handle the truth in this book, because some of it is really disturbing!

Tim - Thanks for inviting Naval. Naval literally knows the working principle of the universe, a very wise man.

18 min in and I’ve already downloaded and saved to my favorites. Gold.

I really resonated with Naval's answers to Tribe of Mentors.

This man is absolutely incredible and I love the questions Tim asked.

The alchemist. I dont think i ve ever re read a book. Considering changing that habit.