Almanack of Naval

  • Integrity and reputation are a form of compound interest
  • Be a generalist - master the foundational skills of everything
  • Work in public - we're wired to succeed in the eyes of others
  • Take rationally optimistic bets with big upside
  • Abundance Mindset - there are infinite opportunities out there
  • Don't play zero-sum games
  • Invest in/work for companies that just hit product-market fit

Leverage

  • Comes from labor, content/technology, or capital
  • Risk and accountability give more leverage than owning other people's companies