How To Make Wealth by Naval Ravikant

Seek wealth, not money Wealth is assets that earn while you sleep: robots cranking out things, computer program serving customers, money that is reinvested into other assets and businesses. The purpose of wealth is freedom. You don’t have to do anything you don’t want anymore. You can get up or sleep whenever you want, live anywhere you want, pursue anything you want. Money is how we transfer wealth, not wealth itself....

January 17, 2021 · 22 min

The Psychology of Money by Morgan Housel

We make decisions based on our unique experiences that make sense to us in a given moment. We all come from different generations, backgrounds and have our own unique experience with how the world works. What seems crazy to other people might make sense to you. For example: Stocks: If you were born in 1970, the S&P 500 increased almost 10-fold during your 20s. However, if you were born in 1950, the market had only about 0-2x returns in your 20s....

January 17, 2021 · 18 min

How To Make Wealth by Paul Graham

Startup is a way to compress your whole working life into a few years Imagine the stress of working as a software engineer for your whole life, and saving every penny of your salary, and retiring with a million dollars. In a startup, instead of working at a low intensity for 40 years, you compress all this stress, work as hard as you possibly can for 4 years. At the end of the day, to make a million dollars, you have to endure a million dollars' worth of pain....

December 28, 2020 · 6 min

How To Get Startup Ideas by Paul Graham

Solve your own problems The most common mistake startups make is to solve problems that no one has. Why? Because they try hard to think of startup ideas and fool themselves into working on them while paying no attention to the market or users. Now, in order to ensure that a problem exists, look within yourself, find problems that you have yourself and work on that. This way, you know that you, as an user, will use it and hopefully others will too....

December 27, 2020 · 4 min

12 Things About Product/Market Fit by Tren Griffin

Why market matters more than anything 3 important factors that are required for building a successful business are people, markets, and products. While different people weight each of these differently at different times, Don Valentine believes that the marketplace always comes first because you can’t change that, but you can change the people if needed to later on. Also, Rachleff observes that the most successful startups didn’t have the world’s best management teams in the very early days, but happened to have conceived an idea that addresses an amazing point of pain around which consumers where desperate for a solution....

December 13, 2020 · 5 min

The Naked Warrior by Pavel Tsatsouline

Definition Strength is built by tensing the muscles harder, not by exhausting them with reps. Now, in order to achieve high tension, you need: High resistance. Mental focus on contracting the muscle harder. You want to treat your training as a practice rather than a workout. High resistance With heavy weights, high resistance can be achieved by the powerlifts such as bench press, squat, deadlift, and so on. However, without heavy weights, high resistance can be achieved by:...

December 12, 2020 · 5 min

How To Be Successful by Sam Altman

Compound yourself If your business grows 50% in value every year, it can become huge in a very short amount of time, thanks to compounding. You also want to take advantage of compounding magic and apply it on your life. Your rate of learning should always be high. As your career progresses, the work you do should generate more impact and leverage, either via capital, technology, brand, network effects and so on....

November 30, 2020 · 3 min

Competing Against Luck by Clayton Christensen

Correlation is not the same as causality The masses of data that companies accumulated are not organized in a way that enables them to predict which ideas will succeed. For examples, your height, age, shoe size, shopping habits,… don’t necessarily cause you to buy this or that product. There might be a correlation between some of collected characteristics and the tendency of customers who purchase the same product. However, they don’t cause you to go and buy them....

November 9, 2020 · 5 min