MI Rewind: Naval w/ Eric Jorgenson

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 19 July 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

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! Eric is a writer, podcaster, and builder of books. He is the creator of The Almanack of Naval Ravikant: A Guide to Wealth and Happiness. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 02:35 - Who Naval Ravikant is and why Eric wanted to write a book about him. 07:01 - How Eric’s strategy of not making any money out of the book came about and why he chose to go that route. 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 that if you don't have equity in a business, then you don’t have a path towards financial freedom? 23:02 - Why Naval believes the forty-hour work week is outdated and why we should be like athletes instead. 24:55 - How Eric was able to get Tim Ferriss to write the foreword to his book. 25:46 - What the quote, “You’ll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. 27:04 - Why being a clear thinker is more important than being smart, and how we can think clearly. 28:42 - What a mental model is and how this can help you in your business and life. 41:52 - Which habit or principle Eric follows in his life that has had a big impact on his success and what has been the most influential book in his life. 46:44 - What has been the most important thing Eric has learned from Naval? 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. Podcast: Naval Ravikant: The Angel Philosopher in The Knowledge Project with Shane Parrish. Tim Ferriss’ book, The 4-Hour Workweek. Charlie Munger’s book, Poor Charlie’s Almanack. Bill Watterson’s book, The Complete Calvin and Hobbes. Robert Cialdini’s book, Influence, New and Expanded: The Psychology of Persuasion. Jason Calacanis’ book, Angel. Eric Ries’ book, The Lean Startup. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. 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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.2	Hey guys, on today's show, we're re-sharing some of my favorite episodes from the past for a few reasons. First, we get a lot of new listeners each week, so new listeners may never have heard this episode before. Two, even if you've been listening for a while, you may have missed it when it first came out. And three, even if you've heard it before, it can be a great episode to reinforce your learning. If you're not interested in this episode,
0:23.4	no worries, you can be a great episode to reinforce your learning.
0:21.6	If you're not interested in this episode, no worries you can pick back up with us next week
0:25.8	with a brand new episode. Everything going forward is from the original episode, and I hope you guys
0:30.6	enjoy this one. He says, like even people with really high incomes, like lawyers and doctors,
0:34.7	tend to not get truly wealthy to the sense of like huge financial
0:39.9	independence unless they're very disciplined spenders. And even the ones who do, it's usually
0:43.5	because like they've created a small business out of their craft or invested a massive amount
0:47.8	in the stock market or something like that. So this gives us a pretty clear goal.
0:55.0	On today's show, I chat with Eric Jorgensen about who Naval Ravakant is, why Eric
1:01.3	wanted to write a book about him, how his strategy of not making any money out of the book
1:05.7	came about, and why he chose to go that route, a bunch of Naval's strategies and principles, the most
1:11.8	important thing Eric has learned from Naval, and a ton more.
1:16.0	I haven't been following or studying Naval for very long, but in the short time that I have,
1:20.6	I've learned a ton.
1:22.6	I picked up all versions of Eric's book covering Naval.
1:25.4	I have the e-book, the audio book, and the physical book.
1:29.1	I think you guys will enjoy the book and this conversation. So let's dive right in.
1:34.9	You're listening to Millennial Investing by the Investors Podcast Network,
1:39.0	where your host, Robert Leonard, interview successful entrepreneurs, business leaders, and investors to help educate and
1:46.1	inspire the millennial generation.
	...

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