Naval

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161 episodes
Updated July 2

Episodes161

Newest first

Feb 19, 2020 · 1 min
Work the Least for It
Happy people don't have to work as hard. Transcript: http://nav.al/least
Feb 17, 2020 · 1 min
Being Unhappy Is Very Inefficient
If you're a driven, unhappy person, your mind will be on 24/7. Transcript: http://nav.al/inefficient
Feb 12, 2020 · 2 min
If You're So Smart, Why Aren't You Happy?
You can increase your happiness without losing your drive. Transcript: http://nav.al/smart
Feb 10, 2020 · 1 min
Desire Is a Contract You Make to Be Unhappy
Happiness is returning to a state where nothing is missing. Transcript: http://nav.al/desire
Feb 3, 2020 · 1 min
Happiness Is a Skill You Can Develop
You're not stuck at your current level of happiness. Transcript: http://nav.al/skill
Jan 28, 2020 · 1 min
Happiness Is Not Science or Math
Happiness is more like poetry than algorithms. Transcript: http://nav.al/math
Jan 28, 2020 · 2 min
Happiness Without Material Comfort Is Playing on Hard Mode
It's easier to fulfill your material desires than to renounce them. http://nav.al/material
Jan 25, 2020 · 1 min
Live Long Enough and You'll Become a Philosopher
This podcast is a practical philosophy of health, wealth and happiness. Transcript: https://nav.al/philosopher
Dec 10, 2019 · 3 hr 35 min
How to Get Rich: Every Episode
This giant episode collects every interview I've done on "How to Get Rich." It includes 10 minutes of unreleased material—at the end—on "Finding Time to Invest in Yourself." Transcript: http://nav.al/rich Seek Wealth, Not Money or Status 1:30 Make Abundance for the World 6:40 Free Markets Are Intrinsic to Humans 10:21 Making Money Isn't About Luck 14:19 Make Luck Your Destiny 19:25 You Won't Get Rich Renting Out Your Time 24:00 Live Below Your Means for Freedom 28:40 Give Society What It Doesn't Know How to Get 31:01 The Internet Has Massively Broadened Career Possibilities 33:44 Play Long-term Games With Long-term People 38:23 Pick Partners With Intelligence, Energy and Integrity 44:24 Partner With Rational Optimists 49:09 Arm Yourself With Specific Knowledge 54:34 Specific Knowledge Is Highly Creative or Technical 1:00:53 Learn to Sell, Learn to Build 1:06:24 Read What You Love Until You Love to Read 1:10:59 The Foundations Are Math and Logic 1:12:00 There's No Actual Skill Called "Business" 1:16:48 Embrace Accountability to Get Leverage 1:20:06 Take Accountability to Earn Equity 1:25:37 Labor and Capital Are Old Leverage 1:30:06 Product and Media are New Leverage 1:35:01 Product Leverage is Egalitarian 1:39:42 Pick a Business Model With Leverage 1:44:56 Example: From Laborer to Entrepreneur 1:50:51 Judgment Is the Decisive Skill 2:01:15 Set an Aspirational Hourly Rate 2:07:41 Work As Hard As You Can 2:11:26 Be Too Busy to "Do Coffee" 2:16:34 Keep Redefining What You Do 2:20:38 Escape Competition Through Authenticity 2:22:41 Play Stupid Games, Win Stupid Prizes 2:28:17 Eventually You Will Get What You Deserve 2:30:53 Reject Most Advice 2:35:00 A Calm Mind, a Fit Body, a House Full of Love 2:37:55 There Are No Get Rich Quick Schemes 2:42:02 Productize Yourself 2:46:42 Accountability Means Letting People Criticize You 2:48:55 We Should Eventually Be Working for Ourselves 2:55:33 Being Ethical Is Long-Term Greedy 2:56:58 Envy Can Be Useful, or It Can Eat You Alive 3:00:23 Principal-Agent Problem: Act Like an Owner 3:03:51 Kelly Criterion: Avoid Ruin 3:10:33 Schelling Point: Cooperating Without Communicating 3:12:03 Turn Short-Term Games Into Long-Term Games 3:13:55 Compounding Relationships Make Life Easier 3:16:36 Price Discrimination: Charge Some People More 3:19:04 Consumer Surplus: Getting More Than You Paid For 3:20:14 Net Present Value: What Future Income Is Worth Today 3:21:03 Externalities: Calculating the Hidden Costs of Products 3:22:05 Bonus Material: Finding Time to Invest in Yourself 3:23:47
Nov 17, 2019 · 39 min
How to Angel Invest, Part 1
Excerpted from the Spearhead podcast: http://spearhead.co
Jul 31, 2019 · 1 min
Externalities: Calculating the Hidden Costs of Products
Externalities let you account for the true cost of products by including hidden costs like environmental damage. • Pricing externalities properly is more effective than feel-good measures 0:32 • Properly pricing externalities can save resources in a tremendous way 1:10 Transcript: http://nav.al/externalities
Jul 29, 2019 · 1 min
Net Present Value: What Future Income Is Worth Today
Calculate what future income is worth today by applying a discount to its future value. • Figure out what future income is worth today by applying a discount rate 0:00 Transcript: http://nav.al/npv
Jul 25, 2019 · 49 sec
Consumer Surplus: Getting More Than You Paid For
A lot of people are willing to pay more than what companies charge. • Consumer surplus is the extra value you get when you pay less than you were willing 0:00 Transcript: http://nav.al/surplus
Jul 23, 2019 · 1 min
Price Discrimination: Charge Some People More
You can charge people for extras based on their propensity to pay. • Price discrimination is a technique for charging certain people more 0:00 • Rich people and large enterprises are willing to pay more 0:51 Transcript: http://nav.al/price-discrimination
Jul 19, 2019 · 2 min
Compounding Relationships Make Life Easier
Life gets a lot easier when you know someone's got your back. • Compounding relationships make life easier 0:00 • It's better to have a few compounding relationships than many shallow ones 1:11 • It takes just as much effort to create a small business as a large one 1:40 Transcript: http://nav.al/relationships
Jul 15, 2019 · 2 min
Turn Short-Term Games Into Long-Term Games
Improve your leverage in negotiations by turning short-term relationships into long-term ones. • Pareto optimal solutions require a trade-off to improve any criterion 0:00 • Negotiations are won by whoever cares less 0:44 • Convert single-move games to multi-move games 1:54 Transcript: http://nav.al/pareto-optimal
Jul 12, 2019 · 1 min
Schelling Point: Cooperating Without Communicating
People who can't communicate can cooperate by anticipating the other person's actions. • Use social norms to cooperate when you can't communicate 0:00 • You can find Schelling points in business, art and politics 1:14 Transcript: http://nav.al/schelling-point
Jul 10, 2019 · 1 min
Kelly Criterion: Avoid Ruin
Don't ruin your reputation or get wiped to zero. • Don't bet everything on one big gamble 0:00 • Ruining your reputation is the same as getting wiped to zero 0:54 Transcript: http://nav.al/kelly-criterion
Jul 8, 2019 · 6 min
Principal-Agent Problem: Act Like an Owner
If you think and act like an owner, it's only a matter of time until you become an owner. • A principal is an owner; an agent is an employee 0:00 • A principal's incentives are different than an agent's incentives 1:08 • If you can work on incentives, don't work on anything else 2:15 • When you do deals, it's better to have the same incentives 3:15 • If you're an employee, your most important job is to think like a principal 4:05 • Deal with small firms to avoid the principal-agent problem 5:29 Transcript: http://nav.al/principal-agent
Jun 28, 2019 · 3 min
Envy Can Be Useful, or It Can Eat You Alive
Envy can give you a powerful boost, or it can eat you alive if you let it follow you. • Suffering through the wrong thing can motivate you to find the right thing 0:00 • Being a lawyer was not what I was meant to do 1:14 • Envy can be useful or it can eat you alive 2:28 Transcript: http://nav.al/envy

Naval

Work the Least for It

Being Unhappy Is Very Inefficient

If You're So Smart, Why Aren't You Happy?

Desire Is a Contract You Make to Be Unhappy

Happiness Is a Skill You Can Develop

Happiness Is Not Science or Math

Happiness Without Material Comfort Is Playing on Hard Mode

Live Long Enough and You'll Become a Philosopher

How to Get Rich: Every Episode

How to Angel Invest, Part 1

Externalities: Calculating the Hidden Costs of Products

Net Present Value: What Future Income Is Worth Today

Consumer Surplus: Getting More Than You Paid For

Price Discrimination: Charge Some People More

Compounding Relationships Make Life Easier

Turn Short-Term Games Into Long-Term Games

Schelling Point: Cooperating Without Communicating

Kelly Criterion: Avoid Ruin

Principal-Agent Problem: Act Like an Owner

Envy Can Be Useful, or It Can Eat You Alive