Almanack of Naval Ravikant
The books is available online freely.
Questions from Naval’s Almanack
- Q: According to Naval, what is the best way to build wealth?
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Own equity in a business.
- Q: What does Naval mean when he says, “Productize Yourself”?
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Convert your unique skills into scalable income sources.
- Q: Why does Naval emphasize “permissionless leverage” as a key to success?
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It allows individuals to create wealth without needing approval from others.
- Q: Which of the following is not an example of leverage Naval promotes?
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Leverage on a crypto exchange.
Explanation: Naval promotes code, media, and owning a business with network effects as forms of leverage.
Explanation: Naval promotes code, media, and owning a business with network effects as forms of leverage.
- Q: Why does Naval say that renting out your time is not a path to wealth?
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Your earning potential is capped by the number of hours you can work.
- Q: Naval argues that wealth is fundamentally different from money. What is wealth?
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Valuable assets that earn while you sleep.
- Q: What does Naval mean by “Play long-term games with long-term people”?
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Build relationships and work with people who think in decades, not months.
- Q: How did giving away The Almanack of Naval Ravikant for free impact its commercial success?
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It increased demand for the physical book.
- Q: Naval discourages playing “status games.” Why?
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Status games are zero-sum, whereas wealth creation is positive-sum.
- Q: What is one of Naval’s most important contributions to changing how people think about wealth?
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Helping people see that wealth creation is not about luck.