Naval and Kapil speak on Clubhouse about the topic of HardWork. They both agree it has been too romanticized by society and some people now seek it for its own sake, which can be an important mistake!
Enjoy!
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📚Notes
- In an era of infinite leverage, good decision-making is the most important skill. Because the outcomes of good judgement, when used with leverage, is amplified to a level that can be orders of magnitude superior to the outcomes of pure hard work (without using leverage)
- Naval mentions there are 3 kinds of Leverage : Labor (people follows you), Capital (people trust you money), and Code & Media (free and permissionless leverage!).
- (For start-ups) Decisions such as what you choose to work on, who you choose to work with, and a burning desire to achieve it. That is the most important thing.
- Hard work : Done out of fear and anxiety. Because now it has become a competition for its own sake, and something that is very well accepted in our society (which is why hyper-efficient people that don't work as hard get demonized)
- The way it should work is --- First, you have the goal/desire. And to achieve it, hard work comes implicitly in your execution. So, don't seek the hard work for its own sake, but seek your burning desire and act accordingly.
- Also, want the desire strong enough. The deep root of why people fail is not a lack of hard work, but not wanting the desire enough.
- The key to outperform everybody --- Focus on what feels like play to you, but work for others.
👨💻 P. Nuggets Reflections
- "In an age of leverage, one correct decision can win everything" - Naval (Taken from The Almanack of Naval Ravikant)
- "Without hard work, you will develop neither judgement nor leverage" - Naval
- So… my take is that we should work hard on developing the correct mental framework and valuable skills, so that we know better which path to take on in order to maximize output with the least amount of input needed.
- Spend more time on figuring out the optimal direction of the ship, instead of moving fast regardless of the direction. - Interpreted from The Almanack of Naval Ravikant
#Naval #Ravikant #Clubhouse
