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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI112: Naval w/ Eric Jorgenson

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6592 Ratings

🗓️ 29 September 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 12:43 - The breakdown of Naval’s framework on how to get rich without getting lucky 18:53 - How someone can build or find a position of leverage and why this is important going into the future 20:08 - 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a business, then you don't have a path towards financial freedom 21:42 - Why Naval believes the forty-hour workweek is outdated and why we should be like athletes instead 27:22 - What a mental model is and how this can help you in your business and life  And much, much more!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. Get more FREE content from Robert Get a FREE audiobook from Audible Read the 9 Key Steps to Effective Personal Financial Management Check out our Investing Starter Packs about business and finance Check out our Investing Starter Packs about real estate MI091: Warren Buffett’s #3 & Charlie Munger’s #1 Business Book of All-Time w/ Robert Cialdini Naval Ravikant: The Angel Philosopher in The Knowledge Project with Shane Parrish  Eric Jorgenson’s book The Almanack of Naval Ravikant and podcast 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 Tim Ferriss’ book The 4-Hour Workweek Jason Calacanis’ book Angel Eric Ries’ book The Lean Startup All of Robert’s favorite books SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Eric: Website | Twitter |LinkedIn  Connect with Robert: Website | Twitter | Instagram HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  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 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.

0:02.3

He says, like, even people with really high incomes, like lawyers and doctors,

0:05.8

tend to not get truly wealthy to the sense of, like, huge financial independence,

0:11.4

unless they're very disciplined spenders.

0:13.2

And even the ones who do, it's usually because, like,

0:14.9

they've created a small business out of their craft or invested a mass amount in the stock market

0:19.3

or something like that.

0:20.6

So this gives us a

0:21.7

pretty clear goal. On today's show, I chat with Eric Jorgensen about who Naval Ravikant is, why Eric

0:32.2

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

0:36.9

about, and why he chose to go that route,

0:39.5

a bunch of Naval's strategies and principles, the most important thing Eric has learned from

0:44.3

Naval, and a ton more. I haven't been following or studying Naval for very long, but in the short

0:50.4

time that I have, I've learned a ton. I picked up all versions of Eric's book covering Naval.

0:56.3

I have the e-book, the audio book, and the physical book.

0:59.8

I think you guys will enjoy the book and this conversation.

1:03.7

So let's dive right in.

1:05.8

You're listening to Millennial Investing by the Investors Podcast Network,

1:09.9

where your host, Robert Leonard,

1:12.1

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

1:17.5

the millennial generation.

1:31.2

Hey, everyone. Welcome back to the Millennial Investing Podcast.

...

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