meta_pixel
Tapesearch Logo
Log in
The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Naval w/ Eric Jorgenson

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Business, Investing

4.6593 Ratings

🗓️ 26 January 2024

⏱️ 53 minutes

🧾️ Download transcript

Summary

On today’s Millennial Investing Rewind Episode, Robert Leonard chats with Eric Jorgenson about who Naval Ravikant is, why he wanted to write a book about him as a guide to wealth and happiness, how his strategy of not making any money out of the book came about and why he chose to go that route, the most important thing Eric has learned from Naval, and much, much more! IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 11:38 - How someone can build or find a position of leverage and why this is important going into the future. 12:43 - The breakdown of Naval’s framework on how to get rich without getting lucky. 21:28 - What’s behind Naval's idea wherein he states that if you don't have equity in a business, then you don’t have a path towards financial freedom. 25:46 - What the quote, “You’ll never be rich since you’re obviously smart, and someone will offer you a job that’s just good enough” means. 46:44 - Why Naval believes the forty-hour work week is outdated and why we should be like athletes instead. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Related episode - MI091: Warren Buffett’s #3 & Charlie Munger’s #1 Business Book of All-Time w/ Robert Cialdini. Recommended Book: The Almanack of Naval Ravikant by Eric Jorgenson. Eric Jorgenson's podcast. Recommended Book: The 4-Hour Workweek by Tim Ferriss. Recommended Book: Poor Charlie’s Almanack by Charlie Munger. Recommended Book: The Complete Calvin and Hobbes by Bill Watterson. Recommended Book: Influence, New and Expanded: The Psychology of Persuasion by Robert Cialdini. Recommended Book: Angel by Jason Calacanis. Recommended Book: The Lean Startup by Eric Ries. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.0

On today's show, we're re-sharing some of the older episodes that are my favorites for a few reasons. One, we get a bunch of new listeners each week, so new listeners may not have heard this episode before. Two, even if you've been listening for a while, you may have missed this episode when it originally came out. Or three, even if you've heard it before, it could be a great episode to learn from again. If you've already heard this episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that. And you can pick up with their new episodes next week. That's all I had for you for this new intro. Everything going forward is going to be from the original episode. I hope you guys enjoy it. He says, like, even people with really high incomes, like lawyers and doctors, tend to not get truly

0:42.2

wealthy to the sense of like huge financial independence unless they're very disciplined

0:46.6

spenders. And even the ones who do, it's usually because like they've created a small business

0:50.6

out of their craft or invested a massive amount in the stock market or something

0:54.3

like that.

0:55.1

So this gives us a pretty clear goal.

1:00.4

On today's show, I chat with Eric Jorgensen about who Naval Ravikant is, why Eric wanted

1:06.9

to write a book about him, how his strategy of not making any money out of the book came

1:11.4

about and why he chose to go that route, a bunch of Naval's strategies and principles,

1:16.8

the most important thing Eric has learned from Naval, and a ton more. I haven't been following

1:22.1

or studying Naval for very long, but in the short time that I have, I've learned a ton. I picked up all versions of

1:29.3

Eric's book covering Naval. I have the e-book, the audio book, and the physical book. I think

1:34.9

you guys will enjoy the book and this conversation, so let's dive right in.

1:39.2

You're listening to Millennial Investing by the Investors Podcast Network, where your host, Robert Leonard,

1:46.5

interview successful entrepreneurs, business leaders and investors to help educate and inspire

1:52.0

the millennial generation.

2:07.5

Hey everyone. Welcome back to the millennial investing podcast. As always, I'm your host, Robert Leonard. And with me today, I have Eric Jorgensen. Eric, welcome to the show. Thanks for

2:12.5

having me, Robert. I'm psyched to be here. The first thing I want to do is learn a little bit about you and your background.

2:19.8

Tell us your story and how you got to where you are today.

2:22.9

Grew up in the Midwest, like pretty entrepreneurial small business family, which I feel very

2:28.6

grateful for that was kind of like normal to me to just like that entrepreneur was a job.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Investor's Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Investor's Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.