There's No Actual Skill Called Business
Naval
Naval Ravikant
4.8 • 2.4K Ratings
🗓️ 8 April 2019
⏱️ 6 minutes
🧾️ Download transcript
Summary
There's no actual skill called business. Avoid business schools and magazines.
• There's no actual skill called business 0:00
• Doing is faster than watching 0:55
• The number of "doing" iterations drives the learning curve 2:49
• If you're willing to bleed a little every day, you may win big later 3:53
Transcript: http://nav.al/skill-business
Transcript
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| 0:00.0 | So in that sense, business to me is bottom of the barrel. |
| 0:02.7 | There's no actual skill called business. |
| 0:04.8 | It's too generic of a thing. |
| 0:06.4 | It's like a skill called relating to humans. |
| 0:09.6 | That's not a skill. It's too broad. |
| 0:11.5 | So a lot of it goes on business schools, |
| 0:13.4 | and there's some very intelligent stuff taught in business schools. |
| 0:15.8 | I don't mean to distract them completely, |
| 0:17.6 | but some of the stuff that's taught in business school |
| 0:19.5 | is essentially just anecdotes. |
| 0:20.9 | They call it case studies, but it's just anecdotes. |
| 0:23.5 | And they're trying to help you pattern match |
| 0:25.8 | by throwing lots of data points at you, |
| 0:27.3 | but the reality is you'll never understand them fully |
| 0:30.1 | until you're actually in that position yourself. |
| 0:33.8 | Even then, you will find that basic concepts |
| 0:36.3 | from game theory and psychology and ethics and mathematics |
| 0:39.6 | and computers and logic will serve you much, much better. |
| 0:42.5 | So I would focus on the foundations. |
| 0:44.7 | I would focus on the science, Ben. |
| 0:46.4 | I would develop a love for reading, |
| 0:47.9 | including by reading so-called junk food |
... |
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