Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.
Reading is faster than listening. Doing is faster than watching.
Become the best in the world at what you do. Keep redefining what you do until this is true.
Society will pay you for creating things it wants. But society doesn’t yet know how to create those things, because if it did, they wouldn’t need you. They would already be stamped out. Almost everything in your house, in your workplace, and on the street used to be technology at one point in time. There was a time when oil was a technology that made J.D. Rockefeller rich. There was a time when cars were technology that made Henry Ford rich.
Then, you have to figure out how to scale it because if you only build one, that’s not enough. You’ve got to build thousands, or hundreds of thousands, or millions, or billions of them so everybody can have one. Steve Jobs (and his team, of course) figured out society would want smartphones. A computer in their pocket that had all the phone capability times one hundred and was easy to use. So, they figured out how to build it, and then they figured out how to scale it. [78]
“Escape competition through authenticity.” Basically, when you’re competing with people, it’s because you’re copying them. It’s because you’re trying to do the same thing. But every human is different.
The best jobs are neither decreed nor degreed. They are creative expressions of continuous learners in free markets. The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn. The old model of making money is going to school for four years, getting your degree, and working as a professional for thirty years. But things change fast now. Now, you have to come up to speed on a new profession within nine months, and it’s obsolete four years later. But within those three productive years, you can get very wealthy. It’s much more important today to be able to become an expert in a brand-new field in nine to twelve months than to have studied the “right” thing a long time ago. You really care about having studied the foundations, so you’re not scared of any book. If you go to the library and there’s a book you cannot understand, you have to dig down and say, “What is the foundation required for me to learn this?” Foundations are super important. [74]
Embrace accountability and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.
If you are paid for renting out your time, even lawyers and doctors, you can make some money, but you’re not going to make the money that gives you financial freedom. You’re not going to have passive income where a business is earning for you while you are on vacation. [10]
Essentially, you’re working for somebody else, and that person is taking on the risk and has the accountability, the intellectual property, and the brand. They’re not going to pay you enough. They’re going to pay you the bare minimum they have to, to get you to do their job. That can be a high bare minimum, but it’s still not going to be true wealth where you’re retired but still earning. [78]
Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start. But usually, the real wealth is created by starting your own companies or even by investing. In an investment firm, they’re buying equity. These are the routes to wealth. It doesn’t come through the hours. [78]
If it entertains you now but will bore you someday, it’s a distraction. Keep looking.
Following your genuine intellectual curiosity is a better foundation for a career than following whatever is making money right now. [11]
Knowledge only you know or only a small set of people knows is going to come out of your passions and your hobbies, oddly enough. If you have hobbies around your intellectual curiosity, you’re more likely to develop these passions. [1]
I only really want to do things for their own sake. That is one definition of art. Whether it’s business, exercise, romance, friendship, whatever, I think the meaning of life is to do things for their own sake. Ironically, when you do things for their own sake, you create your best work. Even if you’re just trying to make money, you will actually be the most successful.
If someone can train other people how to do something, then they can replace you. If they can replace you, then they don’t have to pay you a lot. You want to know how to do something other people don’t know how to do at the time period when those skills are in demand. [1]
You are waiting for your moment when something emerges in the world, they need a skill set, and you’re uniquely qualified. You build your brand in the meantime on Twitter, on YouTube, and by giving away free work. You make a name for yourself, and you take some risk in the process. When it is time to move on the opportunity, you can do so with leverage—the maximum leverage possible. [1] There are three broad
You are waiting for your moment when something emerges in the world, they need a skill set, and you’re uniquely qualified. You build your brand in the meantime on Twitter, on YouTube, and by giving away free work. You make a name for yourself, and you take some risk in the process. When it is time to move on the opportunity, you can do so with leverage—the maximum leverage possible. [1]
The final form of leverage is brand new—the most democratic form. It is: “products with no marginal cost of replication.” This includes books, media, movies, and code. Code is probably the most powerful form of permissionless leverage. All you need is a computer—you don’t need anyone’s permission. [1]
Money is good as a form of leverage. It means every time you make a decision, you multiply it with money. [1] Capital is a trickier form of leverage to use. It’s more modern. It’s the one that people have used to get fabulously wealthy in the last century. It’s probably been the dominant form of leverage in the last century.
Forget rich versus poor, white-collar versus blue. It’s now leveraged versus un-leveraged.
Coding, writing books, recording podcasts, tweeting, YouTubing—these kinds of things are permissionless. You don’t need anyone’s permission to do them, and that’s why they are very egalitarian. They’re great equalizers of leverage. [78] Every great software developer, for example, now has an army of robots working for him at nighttime while he or she sleeps, after they’ve written the code, and it’s cranking away. [78]
Whenever you can in life, optimize for independence rather than pay. If you have independence and you’re accountable on your output, as opposed to your input—that’s the dream. [10]
Forget 10x programmers. 1,000x programmers really exist, we just don’t fully acknowledge it. See @ID_AA_Carmack, @notch, Satoshi Nakomoto, etc.
Forty hour work weeks are a relic of the Industrial Age. Knowledge workers function like athletes—train and sprint, then rest and reassess.
Tools and leverage create this disconnection between inputs and outputs. The higher the creativity component of a profession, the more likely it is to have disconnected inputs and outputs. If you’re looking at professions where your inputs and your outputs are highly connected, it’s going to be very hard to create wealth and make wealth for yourself in that process. [78]
Learn to sell, learn to build. If you can do both, you will be unstoppable.
Stay out of things that could cause you to lose all of your capital, all of your savings. Don’t gamble everything on one go. Instead, take rationally optimistic bets with big upsides. [78]
If you get into a relative mindset, you’re always going to hate people who do better than you, you’re always going to be jealous or envious of them. They’ll sense those feelings when you try and do business with them. When you try and do business with somebody, if you have any bad thoughts or any judgments about them, they will feel it. Humans are wired to feel what the other person deep down inside feels. You have to get out of a relative mindset. [10]
Spend more time making the big decisions. There are basically three really big decisions you make in your early life: where you live, who you’re with, and what you do. We spend very little time deciding which relationship to get into. We spend so much time in a job, but we spend so little time deciding which job to get into. Choosing what city to live in can almost completely determine the trajectory of your life, but we spend so little time trying to figure out what city to live in.
If you’re going to live in a city for ten years, if you’re going to be in a job for five years, if you’re in a relationship for a decade, you should be spending one to two years deciding these things. These are highly dominating decisions. Those three decisions really matter.
Figure out what you’re good at, and start helping other people with it. Give it away. Pay it forward. Karma works because people are consistent. On a long enough timescale, you will attract what you project. But don’t measure—your patience will run out if you count. [7]
The Industrial Revolution and factories made us extremely hierarchical because one individual couldn’t necessarily own or build a factory, but now, thanks to the internet, we’re going back to an age where more and more people can work for themselves. I would rather be a failed entrepreneur than someone who never tried. Because even a failed entrepreneur has the skill set to make it on their own. [14]
one way is to have so much money saved that your passive income (without you lifting a finger) covers your burn rate. A second is you just drive your burn rate down to zero—you become a monk. A third is you’re doing something you love. You enjoy it so much, it’s not about the money. So there are multiple ways to retirement.
one way is to have so much money saved that your passive income (without you lifting a finger) covers your burn rate. A second is you just drive your burn rate down to zero—you become a monk. A third is you’re doing something you love. You enjoy it so much, it’s not about the money. So there are multiple ways to retirement. The way to get out of the competition trap is to be authentic, to find the thing you know how to do better than anybody. You know how to do it better because you love it, and no one can compete with you. If you love to do it, be authentic, and then figure out how to map that to what society actually wants. Apply some leverage and put your name on it. You take the risks, but you gain the rewards, have ownership and equity in what you’re doing, and just crank it up. [77]
creating businesses and making money are now more of an “art.” [74] Whether in commerce, science, or politics—history remembers the artists.
Art is creativity. Art is anything done for its own sake. What are the things that are done for their own sake, and there’s nothing behind them? Loving somebody, creating something, playing. To me, creating businesses is play. I create businesses because it’s fun, because I’m into the product. [77]
Even when I invest, it’s because I like the people involved, I like hanging out with them, I learn from them, I think the product is really cool.
I think the best way to stay away from this constant love of money is to not upgrade your lifestyle as you make money.
I think the best way to stay away from this constant love of money is to not upgrade your lifestyle as you make money. It’s very easy to keep upgrading your lifestyle as you make money. But if you can hold your lifestyle fixed and hopefully make your money in giant lump sums as opposed to a trickle at a time, you won’t have time to upgrade your lifestyle. You may get so far ahead you actually become financially free.
I value freedom above everything else. All kinds of freedom: freedom to do what I want, freedom from things I don’t want to do, freedom from my own emotions or things that may disturb my peace. For me, freedom is my number one value. To the extent money buys freedom, it’s great. But to the extent it makes me less free, which it definitely does at some level as well, I don’t like it. [74]
the single most important thing about a company is the alumni network you’re going to build. Think about who you will work with and what those people are going on to do. [76]
“Be a maker who makes something interesting people want. Show your craft, practice your craft, and the right people will eventually find you.” [14]
If someone is talking a lot about how honest they are, they’re probably dishonest.
One thing I figured out later in life is generally (at least in the tech business in Silicon Valley), great people have great outcomes. You just have to be patient. Every person I met at the beginning of my career twenty years ago, where I looked at them and said, “Wow, that guy or gal is super capable—so smart and dedicated”…all of them, almost without exception, became extremely successful. You just had to give them a long enough timescale. It never happens in the timescale you want, or they want, but it does happen. [4]
Everybody wants to get rich immediately, but the world is an efficient place; immediate doesn’t work. You do have to put in the time. You do have to put in the hours, and so I think you have to put yourself in the position with the specific knowledge, with accountability, with leverage, with the authentic skill set you have, to be the best in the world at what you do. You have to enjoy it and keep doing it, keep doing it, and keep doing it. Don’t keep track, and don’t keep count because if you do, you will run out of time. [78]
The most common bad advice I hear is: “You’re too young.” Most of history was built by young people. They just got credit when they were older. The only way to truly learn something is by doing it. Yes, listen to guidance. But don’t wait. [3]
What making money will do is solve your money problems. It will remove a set of things that could get in the way of being happy, but it is not going to make you happy. I know many very wealthy people who are unhappy. Most of the time, the person you have to become to make money is a high-anxiety, high-stress, hard-working, competitive person. When you have done that for twenty, thirty, forty, fifty years, and you suddenly make money, you can’t turn it off. You’ve trained yourself to be a high-anxiety person. Then, you have to learn how to be happy. [11]
Today, with this wonderful invention called money, you can store it in a bank account. You can you work really hard, do great things for society, and society will give you money for things it wants but doesn’t know how to get. You can save money, you can live a little below your means, and you can find a certain freedom.
If you want to make the maximum amount of money possible, if you want to get rich over your life in a deterministically predictable way, stay on the bleeding edge of trends and study technology, design, and art—become really good at something. [1]
You don’t get rich by spending your time to save money. You get rich by saving your time to make money.
Hard work is really overrated. How hard you work matters a lot less in the modern economy.
My definition of wisdom is knowing the long-term consequences of your actions. Wisdom applied to external problems is judgment. They’re highly linked; knowing the long-term consequences of your actions and then making the right decision to capitalize on that. [78] In an age of leverage, one correct decision can win everything. Without hard work, you’ll develop neither judgment nor leverage. You have to put in the time, but the judgment is more important. The direction you’re heading in matters more than how fast you move, especially with leverage. Picking the direction you’re heading in for every decision is far, far more important than how much force you apply. Just pick the right direction to start walking in, and start walking. [1]
I think the smartest people can explain things to a child. If you can’t explain it to a child, then you don’t know it. It’s a common saying and it’s very true.
The really smart thinkers are clear thinkers. They understand the basics at a very, very fundamental level. I would rather understand the basics really well than memorize all kinds of complicated concepts I can’t stitch together and can’t rederive from the basics. If you can’t rederive concepts from the basics as you need them, you’re lost. You’re just memorizing. [4]
The hard thing is seeing the truth. To see the truth, you have to get your ego out of the way because your ego doesn’t want to face the truth. The smaller you can make your ego, the less conditioned you can make your reactions, the less desires you can have about the outcome you want, the easier it will be to see the reality.
What we wish to be true clouds our perception of what is true. Suffering is the moment when we can no longer deny reality.
Imagine we’re going through something difficult like a breakup, a job loss, a business failure, or a health problem, and our friends are advising us. When we’re advising them, the answer is obvious. It comes to us in a minute, and we tell them exactly, “Oh that girl, get over her, she wasn’t good for you anyway. You’ll be happier. Trust me. You’ll find someone.” You know the correct answer, but your friend can’t see it, because they’re in the moment of suffering and pain. They’re still wishing reality was different. The problem isn’t reality. The problem is their desire is colliding with reality and preventing them from seeing the truth, no matter how much you say it. The same thing happens when I make decisions.
The more desire I have for something to work out a certain way, the less likely I am to see the truth. Especially in business, if something isn’t going well, I try to acknowledge it publicly and I try to acknowledge it publicly in front of my co-founders and friends and co-workers. Then, I’m not hiding it from anybody else. If I’m not hiding it from anybody, I’m not going to delude myself from what’s actually going on. [4] What you feel tells you nothing about the facts—it merely tells you something about your estimate of the facts.
It’s actually really important to have empty space. If you don’t have a day or two every week in your calendar where you’re not always in meetings, and you’re not always busy, then you’re not going to be able to think.
It’s only after you’re bored you have the great ideas. It’s never going to be when you’re stressed, or busy, running around or rushed. Make the time. [7]
“Tension is who you think you should be. Relaxation is who you are.”
You absolutely need habits to function. You cannot solve every problem in life as if it is the first time it’s thrown at you. We accumulate all these habits. We put them in the bundle of identity, ego, ourselves, and then we get attached to them. “I’m Naval. This is the way I am.” It’s really important to be able to uncondition yourself, to be able to take your habits apart and say, “Okay, this is a habit I probably picked up when I was a toddler trying to get my parent’s attention. Now I’ve reinforced it and reinforced it, and I call it a part of my identity. Does it still serve me? Does it make me happier? Does it make me healthier? Does it make me accomplish whatever I set out to accomplish?”
Facebook redesigns. Twitter redesigns. Personalities, careers, and teams also need redesigns. There are no permanent solutions in a dynamic system.
The moment you tell somebody something dishonest, you’ve lied to yourself. Then you’ll start believing your own lie, which will disconnect you from reality and take you down the wrong road.
The more you know, the less you diversify.
I use my tweets and other people’s tweets as maxims that help compress my own learnings and recall them. The brain space is finite—you have finite neurons—so you can almost think of these as pointers, addresses, or mnemonics to help you remember deep-seated principles where you have the underlying experience to back it up.
I don’t believe I have the ability to say what is going to work. Rather, I try to eliminate what’s not going to work. I think being successful is just about not making mistakes. It’s not about having correct judgment. It’s about avoiding incorrect judgments. [4]
Microeconomics and game theory are fundamental. I don’t think you can be successful in business or even navigate most of our modern capitalist society without an extremely good understanding of supply-and-demand, labor-versus-capital, game theory, and those kinds of things. [4]
It’s a very simple concept. Julius Caesar famously said, “If you want it done, then go. And if not, then send.” What he meant was, if you want it done right, then you have to go yourself and do it. When you are the principal, then you are the owner—you care, and you will do a great job. When you are the agent and you are doing it on somebody else’s behalf, you can do a bad job. You just don’t care. You optimize for yourself rather than for the principal’s assets. The smaller the company, the more everyone feels like a principal. The less you feel like an agent, the better the job you’re going to do. The more closely you can tie someone’s compensation to the exact value they’re creating, the more you turn them into a principal, and the less you turn them into an agent. [12]
IF YOU CAN’T DECIDE, THE ANSWER IS NO.
Simple heuristic: If you’re evenly split on a difficult decision, take the path more painful in the short term.
most of the gains in life come from suffering in the short term so you can get paid in the long term.
What are the most efficient ways to build new mental models? Read a lot—just read. [2] Reading science, math, and philosophy one hour per day will likely put you at the upper echelon of human success within seven years.
“I don’t want to read everything. I just want to read the 100 great books over and over again.”
Reading a book isn’t a race—the better the book, the more slowly it should be absorbed.
I probably read one to two hours a day. That puts me in the top .00001 percent. I think that alone accounts for any material success I’ve had in my life and any intelligence I might have. Real people don’t read an hour a day. Real people, I think, read a minute a day or less. Making it an actual habit is the most important thing.
It almost doesn’t matter what you read. Eventually, you will read enough things (and your interests will lead you there) that it will dramatically improve your life. Just like the best workout for you is one you’re excited enough to do every day, I would say for books, blogs, tweets, or whatever—anything with ideas and information and learning—the best ones to read are the ones you’re excited about reading all the time. [4]
Everyone’s brain works differently. Some people love to take notes. Actually, my notetaking is Twitter. I read and read and read. If I have some fundamental “ah-ha” insight or concept, Twitter forces me to distill it into a few characters. Then I try and put it out there as an aphorism.
I’ll start at the beginning, but I’ll move fast. If it’s not interesting, I’ll just start flipping ahead, skimming, or speed reading. If it doesn’t grab my attention within the first chapter in a meaningful, positive way, I’ll either drop the book or skip ahead a few chapters.
The number of books completed is a vanity metric. As you know more, you leave more books unfinished. Focus on new concepts with predictive power.
Generally, I’ll skim. I’ll fast forward. I’ll try and find a part to catch my attention. Most books have one point to make. (Obviously, this is nonfiction. I’m not talking about fiction.) They have one point to make, they make it, and then they give you example after example after example after example, and they apply it to explain everything in the world. Once I feel like I’ve gotten the gist, I feel very comfortable putting the book down. There’s a lot of these, what I would call pseudoscience bestsellers…People are like, “Oh, did you read this book?” I always say yes, but the reality is I read maybe two chapters of it. I got the gist.
What practices do you follow to internalize/organize information from reading books? Explain what you learned to someone else. Teaching forces learning.
It’s not about “educated” vs. “uneducated.” It’s about “likes to read” and “doesn’t like to read.”
No book in the library should scare you. Whether it’s a math, physics, electrical engineering, sociology, or economics book. You should be able to take any book down off the shelf and read it. A number of them are going to be too difficult for you. That’s okay—read them anyway. Then go back and reread them and reread them.
When you’re reading a book and you’re confused, that confusion is similar to the pain you get in the gym when you’re working out. But you’re building mental muscles instead of physical muscles.
long—Microeconomics 101.
To think clearly, understand the basics. If you’re memorizing advanced concepts without being able to re-derive them as needed, you’re lost.
At any given time, I’m reading somewhere between ten and twenty books. I’m flipping through them.
When solving problems: the older the problem, the older the solution.
Any book that survived for two thousand years has been filtered through many people. The general principles are more likely to be correct. I wanted to get back into reading these sorts of books. [6]
You know that song you can’t get out of your head? All thoughts work that way. Careful what you read.
Happiness is there when you remove the sense of something missing in your life.
Happiness is what’s there when you remove the sense that something is missing in your life.
I think people believe neutrality would be a very bland existence. No, this is the existence little children live. If you look at little children, on balance, they’re generally pretty happy because they are really immersed in the environment and the moment, without any thought of how it should be given their personal preferences and desires. I think the neutral state is actually a perfection state. One can be very happy as long as one isn’t too caught up in their own head. [4]
Our lives are a blink of a firefly in the night. You’re just barely here. You have to make the most of every minute, which doesn’t mean you chase some stupid desire for your entire life. What it means is every second you have on this planet is very precious, and it’s your responsibility to make sure you’re happy and interpreting everything in the best possible way. [9]
A rational person can find peace by cultivating indifference to things outside of their control.
Happiness, love, and passion…aren’t things you find—they’re choices you make.
At any given time, when you’re walking down the streets, a very small percentage of your brain is focused on the present. The rest is planning the future or regretting the past. This keeps you from having an incredible experience. It’s keeping you from seeing the beauty in everything and for being grateful for where you are. You can literally destroy your happiness if you spend all of your time living in delusions of the future. [4]
A lot of our unhappiness comes from comparing things from the past to the present. [4]
EVERY DESIRE IS A CHOSEN UNHAPPINESS
I think the most common mistake for humanity is believing you’re going to be made happy because of some external circumstance.
Jerzy Gregorek—I would consider him successful because he doesn’t need anything from anybody. He’s at peace, he’s healthy, and whether he makes more money or less money compared to the next person has no effect on his mental state.
There’s a line from Blaise Pascal I read. Basically, it says: “All of man’s troubles arise because he cannot sit in a room quietly by himself.” If you could just sit for thirty minutes and be happy, you are successful.
You can get almost anything you want out of life, as long as it’s one thing and you want it far more than anything else.
Today, the way we think you get peace is by resolving all your external problems. But there are unlimited external problems. The only way to actually get peace on the inside is by giving up this idea of problems. [77]
One of the things I’m trying to get rid of is the word “should.” Whenever the word “should” creeps up in your mind, it’s guilt or social programming. Doing something because you “should” basically means you don’t actually want to do it. It’s just making you miserable, so I’m trying to eliminate as many “shoulds” from my life as possible. [1]
The enemy of peace of mind is expectations drilled into you by society and other people. Socially, we’re told, “Go work out. Go look good.” That’s a multi-player competitive game. Other people can see if I’m doing a good job or not. We’re told, “Go make money. Go buy a big house.” Again, external multiplayer competitive game. Training yourself to be happy is completely internal. There is no external progress, no external validation. You’re competing against yourself—it is a single-player game.
The reality is life is a single-player game. You’re born alone. You’re going to die alone. All of your interpretations are alone. All your memories are alone. You’re gone in three generations, and nobody cares. Before you showed up, nobody cared. It’s all single player.
Perhaps one reason why yoga and meditation are hard to sustain is they have no extrinsic value. Purely single-player games.
Once I came to that realization, jealousy faded away because I don’t want to be anybody else. I’m perfectly happy being me. By the way, even that is under my control. To be happy being me. It’s just there are no social rewards for it. [4]
My most surprising discovery in the last five years is that peace and happiness are skills. These are not things you are born with. Yes, there is a genetic range. And a lot of it is conditioning from your environment, but you can un-condition and recondition yourself.
My most surprising discovery in the last five years is that peace and happiness are skills. These are not things you are born with. Yes, there is a genetic range. And a lot of it is conditioning from your environment, but you can un-condition and recondition yourself. You can increase your happiness over time, and it starts with believing you can do it. It’s a skill. Just like nutrition is a skill, dieting is a skill, working out is a skill, making money is a skill, meeting girls and guys is a skill, having good relationships is a skill, even love is a skill. It starts with realizing they’re skills you can learn. When you put your intention and focus on it, the world can become a better place.
When working, surround yourself with people more successful than you. When playing, surround yourself with people happier than you.
You can build good habits. Not drinking alcohol will keep your mood more stable. Not eating sugar will keep your mood more stable. Not going on Facebook, Snapchat, or Twitter will keep your mood more stable. Playing video games will make you happier in the short run—and I used to be an avid gamer—but in the long run, it could ruin your happiness. You’re being fed dopamine and having dopamine withdrawn from you in these little uncontrollable ways. Caffeine is another one where you trade long term for the short term.
Many distinctions between people who get happier as they get older and people who don’t can be explained by what habits they have developed. Are they habits that will increase your long-term happiness rather than your short-term happiness?
There’s the “five chimps theory” where you can predict a chimp’s behavior by the five chimps it hangs out with the most. I think that applies to humans as well. Maybe it’s politically incorrect to say you should choose your friends very wisely. But you shouldn’t choose them haphazardly based on who you live next to or who you happen to work with. The people who are the most happy and optimistic choose the right five chimps. [8]
If you can’t see yourself working with someone for life, don’t work with them for a day.
I try to get more sunlight on my skin. I look up and smile. [7]
I think dropping caffeine made me happier. It makes me more of a stable person. [7]
I think working out every day made me happier. If you have peace of body, it’s easier to have peace of mind. [7]
The more you judge, the more you separate yourself. You’ll feel good for an instant, because you feel good about yourself, thinking you’re better than someone. Later, you’re going to feel lonely. Then, you see negativity everywhere. The world just reflects your own feelings back at you. [77]
The obvious one is meditation—insight meditation. Working toward a specific purpose on it, which is to try and understand how my mind works. [7]
Recover time and happiness by minimizing your use of these three smartphone apps: phone, calendar, and alarm clock. [11]
The more secrets you have, the less happy you’re going to be. [11]
Caught in a funk? Use meditation, music, and exercise to reset your mood. Then choose a new path to commit emotional energy for rest of day. [11]
No exceptions—all screen activities linked to less happiness, all non-screen activities linked to more happiness. [11]
A personal metric: how much of the day is spent doing things out of obligation rather than out of interest? [11]
It’s the news’ job to make you anxious and angry. But its underlying scientific, economic, education, and conflict trends are positive. Stay optimistic. [11]
Politics, academia, and social status are all zero-sum games. Positive-sum games create positive people. [11]
Increase serotonin in the brain without drugs: Sunlight, exercise, positive thinking, and tryptophan. [11]
In any situation in life, you always have three choices: you can change it, you can accept it, or you can leave it. If you want to change it, then it is a desire. It will cause you suffering until you successfully change it. So don’t pick too many of those. Pick one big desire in your life at any given time to give yourself purpose and motivation.
Being peaceful comes from having your mind clear of thoughts. And a lot of clarity comes from being in the present moment. It’s very hard to be in the present moment if you’re thinking, “I need to do this. I want that. This has got to change.” [8]
The phrase I probably use the most to myself in my head is just one word: “accept.” [5] What does acceptance look like to you? It’s to be okay whatever the outcome is. It’s to be balanced and centered. It’s to step back and to see the grander scheme of things. We don’t always get what we want, but sometimes what is happening is for the best. The sooner you can accept it as a reality, the sooner you can adapt to it. Achieving acceptance is very difficult. I have a couple of hacks I try, but I wouldn’t say they are totally successful. One hack is stepping back and looking at previous bits of suffering I’ve had in my life. I write them down. “Last time you broke up with somebody, last time you had a business failure, last time you had a health issue, what happened?” I can trace the growth and improvement that came from it years later. I have another hack I use for minor annoyances. When they happen, a part of me will instantly react negatively. But I’ve learned to mentally ask myself, “What is the positive of this situation?” “Okay, I’ll be late for a meeting. But what is the benefit to me? I get to relax and watch the birds for a moment. I’ll also spend less time in that boring meeting.” There’s almost always something positive. Even if you can’t come up with something positive, you can say, “Well, the Universe is going to teach me something now. Now I get to listen and learn.”
How do you learn to accept things you can’t change? Fundamentally, it boils down to one big hack: embracing death. Death is the most important thing that is ever going to happen to you. When you look at your death and you acknowledge it, rather than running away from it, it’ll bring great meaning to your life.
If you’re religious and believe there is an afterlife, then you’ll be taken care of. If you’re not religious, maybe you’ll have kids. If you’re an artist, a painter, or a businessman, you want to leave a legacy behind.
If you’re religious and believe there is an afterlife, then you’ll be taken care of. If you’re not religious, maybe you’ll have kids. If you’re an artist, a painter, or a businessman, you want to leave a legacy behind. Here’s a hot tip: There is no legacy. There’s nothing to leave. We’re all going to be gone. Our children will be gone. Our works will be dust. Our civilizations will be dust. Our planet will be dust. Our solar system will be dust. In the grand scheme of things, the Universe has been around for ten billion years. It’ll be around for another ten billion years. Your life is a firefly blink in a night. You’re here for such a brief period of time. If you fully acknowledge the futility of what you’re doing, then I think it can bring great happiness and peace because you realize this is a game. But it’s a fun game. All that matters is you experience your reality as you go through life. Why not interpret it in the most positive possible way?
You’re going to die one day, and none of this is going to matter. So enjoy yourself. Do something positive. Project some love. Make someone happy. Laugh a little bit. Appreciate the moment. And do your work. [8]
Your goal in life is to find the people, business, project, or art that needs you the most. There is something out there just for you.
To make an original contribution, you have to be irrationally obsessed with something.
A correct diet should probably look closer to a paleo diet, mostly eating vegetables with a small amount of meat and berries.
We’re not meant to walk in shoes. A lot of back and foot problems come from shoes. We’re not meant to have clothes keep us warm all of the time. We’re meant to have some cold exposure. It kickstarts your immune system.
We’re not evolved to live in a perfectly sterile and clean environment. It leads to allergies and an untrained immune system.
We’re evolved to live in much smaller tribes and to have more family around us. I partially grew up in India, and in India, everybody is in your business. There’s a cousin, an aunt, an uncle who is in your face, which makes it hard to be depressed, because you are never alone.
We evolved for scarcity but live in abundance.
If you eat a fatty meal and you throw some sugar in, the sugar is going to deliver hunger and fat is going to deliver the calories and you’re just going to binge.
Dietary fat drives satiety. Dietary sugar drives hunger. The sugar effect dominates. Control your appetite accordingly.
Most fit and healthy people focus much more on what they eat than how much.
Most fit and healthy people focus much more on what they eat than how much. Quality control is easier than (and leads to) quantity control. [11]
Ironically, fasting (from a low-carb/paleo base) is easier than portion control. Once the body detects food, it overrides the brain. [11]
When it comes to medicine and nutrition, subtract before you add. [11]
World’s simplest diet: The more processed the food, the less one should consume.
The harder the workout, the easier the day.
What habit would you say most positively impacts your life? The daily morning workout. That has been a complete game-changer. It’s made me feel healthier, younger. It’s made me not go out late.
What you really have to do is say whether it is a priority or not. If something is your number one priority, then you will do it. That’s just the way life works. If you’ve got a fuzzy basket of ten or fifteen different priorities, you’re going to end up getting none of them.
Basically, whenever you throw any so-called good habit at somebody, they’ll have an excuse for themselves. Usually the most common is “I don’t have time.” “I don’t have time” is just another way of saying “It’s not a priority.”
One month of consistent yoga and I feel 10 years younger. To stay flexible is to stay young.
The important thing is to do something every day. It doesn’t matter what it is. The best workout for you is one you’re excited enough to do every day. [4]
An emotion is our evolved biology predicting the future impact of a current event. In modern settings, it’s usually exaggerated or wrong.
Relaxed breathing tells your body you’re safe. Then, your forebrain doesn’t need as many resources as it normally does. Now, the extra energy can be sent to your hindbrain, and it can reroute those resources to the rest of your body.
But Wim inspired me to give cold showers a try. And I did so by using the Wim Hof breathing method. It involves hyperventilating to get more oxygen into your blood, which raises your core temperature. Then, you can go into the shower.
I learned a very important lesson from this: most of our suffering comes from avoidance. Most of the suffering from a cold shower is the tip-toeing your way in. Once you’re in, you’re in. It’s not suffering. It’s just cold.
Meditation is intermittent fasting for the mind.
Too much sugar leads to a heavy body, and too many distractions lead to a heavy mind.
Time spent undistracted and alone, in self-examination, journaling, meditation, resolves the unresolved and takes us from mentally fat to fit.
The one I found works best for me is called Choiceless Awareness, or Nonjudgmental Awareness. As you’re going about your daily business (hopefully, there’s some nature) and you’re not talking to anybody else, you practice learning to accept the moment you’re in without making judgments. You don’t think, “Oh, there’s a homeless guy over there, better cross the street” or look at someone running by and say, “He’s out of shape, and I’m in better shape than him.” If I saw a guy with a bad hair day, I would at first think “Haha, he has a bad hair day.” Well, why am I laughing at him to make me feel better about myself? And why am I trying to make me feel better about my own hair? Because I’m losing my hair, and I’m afraid it’s going to go away. What I find is 90 percent of thoughts I have are fear-based. The other 10 percent may be desire-based. You don’t make any decisions. You don’t judge anything. You just accept everything. If I do that for ten or fifteen minutes while walking around, I end up in a very peaceful, grateful state. Choiceless Awareness works well for me. [6]
Life-hack: When in bed, meditate. Either you will have a deep meditation or fall asleep. Victory either way.
Another method I’ve learned is to just sit there and you close your eyes for at least one hour a day. You surrender to whatever happens—don’t make any effort whatsoever. You make no effort for something, and you make no effort against anything. If there are thoughts running through your mind, you let the thoughts run.
If you can get a free hour of bliss every morning just by sitting and closing your eyes, that is worth its weight in gold. It will change your life.
I recommend meditating one hour each morning because anything less is not enough time to really get deep into it. I would recommend if you really want to try meditation, try sixty days of one hour a day, first thing in the morning. After about sixty days, you will be tired of listening to your own mind. You will have resolved a lot of issues, or you have heard them enough to see through those fears and issues. Meditation isn’t hard. All you have to do is sit there and do nothing. Just sit down. Close your eyes and say, “I’m just going to give myself a break for an hour. This is my hour off from life. This is the hour I’m not going to do anything. “If thoughts come, thoughts come. I’m not going to fight them. I’m not going to embrace them. I’m not going to think harder about them. I’m not going to reject them. I’m just going to sit here for an hour with my eyes closed, and I’m going to do nothing.” How hard is that? Why can you not do anything for an hour? What’s so hard about giving yourself an hour-long break? [74]
I try to keep an eye on my internal monologue. It doesn’t always work. In the computer programming sense, I try to run my brain in “debugging mode” as much as possible. When I’m talking to someone, or when I’m engaged in a group activity, it’s almost impossible because your brain has too many things to handle. If I’m by myself, like just this morning, I’m brushing my teeth and I start thinking forward to a podcast. I started going through this little fantasy where I imagined Shane asking me a bunch of questions and I was fantasy- answering them. Then, I caught myself. I put my brain in debug mode and just watched every little instruction go by. I said, “Why am I fantasy-future planning? Why can’t I just stand here and brush my teeth?” It’s the awareness my brain was running off in the future and planning some fantasy scenario out of ego. I was like, “Well, do I really care if I embarrass myself? Who cares? I’m going to die anyway. This is all going to go to zero, and I won’t remember anything, so this is pointless.” Then, I shut down, and I went back to brushing my teeth. I was noticing how good the toothbrush was and how good it felt. Then the next moment, I’m off to thinking something else. I have to look at my brain again and say, “Do I really need to solve this problem right now?” Ninety-five percent of what my brain runs off and tries to do, I don’t need to tackle in that exact moment. If the brain is like a muscle, I’ll be better off resting it, being at peace. When a particular problem arises, I’ll immerse myself in it.
The ability to singularly focus is related to the ability to lose yourself and be present, happy, and (ironically) more effective. [4]
It’s almost like you’re taking yourself out of a certain frame and you’re watching things from a different perspective even though you’re in your own mind.
Meditation is turning off society and listening to yourself.
Meditation is turning off society and listening to yourself. It only “works” when done for its own sake. Hiking is walking meditation. Journaling is writing meditation. Praying is gratitude meditation. Showering is accidental meditation. Sitting quietly is direct meditation.
The greatest superpower is the ability to change yourself.
To have peace of mind, you have to have peace of body first.
Commit externally to enough people. For example, if you want to quit smoking, all you have to do is go to everybody you know and say, “I quit smoking. I did it. I give you my word.”
Scott Adams famously said, “Set up systems, not goals.” Use your judgment to figure out what kinds of environments you can thrive in, and then create an environment around you so you’re statistically likely to succeed.
Scott Adams famously said, “Set up systems, not goals.” Use your judgment to figure out what kinds of environments you can thrive in, and then create an environment around you so you’re statistically likely to succeed. The current environment programs the brain, but the clever brain can choose its upcoming environment.
If there’s something you want to do later, do it now. There is no “later.”
I think almost everything that people read these days is designed for social approval. [4] I know people who have read one hundred regurgitated books on evolution and they’ve never read Darwin. Think of the number of macroeconomists out there. I think most of them have read tons of treatises in economics but haven’t read any Adam Smith. At some level, you’re doing it for social approval. You’re doing it to fit in with the other monkeys. You’re fitting in to get along with the herd. That’s not where the returns are in life. The returns in life are being out of the herd.
Everyone’s motivated at something. It just depends on the thing. Even the people that we say are unmotivated are suddenly really motivated when they’re playing video games. I think motivation is relative, so you just have to find the thing you’re into. [1]
I think that’s why the smartest and the most successful people I know started out as losers. If you view yourself as a loser, as someone who was cast out by society and has no role in normal society, then you will do your own thing and you’re much more likely to find a winning path. It helps to start out by saying, “I’m never going to be popular. I’m never going to be accepted. I’m already a loser. I’m not going to get what all the other kids have. I’ve just got to be happy being me.”
Number one: read. Read everything you can. And not just the stuff that society tells you is good or even books that I tell you to read. Just read for its own sake. Develop a love for it. Even if you have to read romance novels or paperbacks or comic books. There’s no such thing as junk. Just read it all. Eventually, you’ll guide yourself to the things that you should and want to be reading. Related to the skill of reading are the skills of mathematics and persuasion. Both skills help you to navigate through the real world. Having the skill of persuasion is important because if you can influence your fellow human beings, you can get a lot done. I think persuasion is an actual skill. So you can learn it, and it’s not that hard to do so. Mathematics helps with all the complex and difficult things in life. If you want to make money, if you want to do science, if you want to understand game theory or politics or economics or investments or computers, all of these things have mathematics at the core. It’s a foundational language of nature. Nature speaks in mathematics. Mathematics is us reverse engineering the language of nature, and we have only scratched the surface. The good news is you don’t have to know a lot of math. You just have to know basic statistics, arithmetic, etc. You should know statistics and probability forwards and backwards and inside out. [8]
The hardest thing is not doing what you want—it’s knowing what you want.
Courage isn’t charging into a machine gun nest. Courage is not caring what other people think.
Anyone who has known me for a long time knows my defining characteristic is a combination of being very impatient and willful. I don’t like to wait. I hate wasting time. I’m very famous for being rude at parties, events, dinners, where the moment I figure out it’s a waste of my time, I leave immediately. Value your time. It is all you have. It’s more important than your money. It’s more important than your friends. It is more important than anything. Your time is all you have. Do not waste your time. This doesn’t mean you can’t relax. As long as you’re doing what you want, it’s not a waste of your time. But if you’re not spending your time doing what you want, and you’re not earning, and you’re not learning—what the heck are you doing?
FREEDOM FROM EMPLOYMENT People who live far below their means enjoy a freedom that people busy upgrading their lifestyles can’t fathom. [11] Once you’ve truly controlled your own fate, for better or for worse, you’ll never let anyone else tell you what to do. [11]
I think it’s actually very bad for your happiness. To me, the mind should be a servant and a tool, not a master. My monkey mind should not control and drive me 24/7. I want to break the habit of uncontrolled thinking, which is hard. [4] A busy mind accelerates the passage of subjective time. There is no endpoint to self-awareness and self-discovery. It’s a lifelong process you hopefully keep getting better and better at. There is no one meaningful answer, and no one is going to fully solve it unless you’re one of these enlightened characters. Maybe some of us will get there, but I’m not likely to, given how involved I am in the rat race. The best case is I’m a rat who might be able to look up at the clouds once in a while. I think just being aware you’re a rat in a race is about as far as most of us are going to get. [8]
The modern struggle: Lone individuals summoning inhuman willpower, fasting, meditating, and exercising… Up against armies of scientists and statisticians weaponizing abundant food, screens, and medicine into junk food, clickbait news, infinite porn, endless games, and addictive drugs.
Before you were born, you didn’t care about anything or anyone, including your loved ones, including yourself, including humans, including whether we go to Mars or whether we stay on planet Earth, whether there’s an AI or not. After death, you just don’t care either.
You have to find your own meaning. Any piece of wisdom anybody else gives you, whether it’s Buddha or me, is going to sound like nonsense. Fundamentally, you have to find it for yourself, so the important part is not the answer, it’s the question. You just have to sit there and dig with the question. It might take you years or decades. When you find an answer you’re happy with, it will be fundamental to your life.
Before you can lie to another, you must first lie to yourself.
I don’t believe in any short-term thinking or dealing. If I’m doing business with somebody and they think in a short-term manner with somebody else, then I don’t want to do business with them anymore. All benefits in life come from compound interest, whether in money, relationships, love, health, activities, or habits. I only want to be around people I know I’m going to be around for the rest of my life. I only want to work on things I know have long-term payout.
I only believe in peer relationships. I don’t believe in hierarchical relationships. I don’t want to be above anybody, and I don’t want to be below anybody. If I can’t treat someone like a peer and if they can’t treat me like peer, I just don’t want to interact with them.
Honesty is a core, core, core value. By honesty, I mean I want to be able to just be me. I never want to be in an environment or around people where I have to watch what I say. If I disconnect what I’m thinking from what I’m saying, it creates multiple threads in my mind. I’m no longer in the moment—now I have to be future-planning or past-regretting every time I talk to somebody. Anyone around whom I can’t be fully honest, I don’t want to be around.
I don’t believe in anger anymore. Anger was good when I was young and full of testosterone, but now I like the Buddhist saying, “Anger is a hot coal you hold in your hand while waiting to throw it at somebody.” I don’t want to be angry, and I don’t want to be around angry people. I just cut them out of my life. I’m not judging them. I went through a lot of anger too. They have to work through it on their own. Go be angry at someone else, somewhere else.
The older the question, the older the answers.
is meditation good for you? Yes. Is clearing your mind a good thing? Yes. Is there a base layer of awareness below your monkey mind? Yes.
How do you define wisdom? Understanding the long-term consequences of your actions. [11]
I don’t even remember what I said two minutes ago. At best, the past is some fictional little memory tape in my head. As far as I’m concerned, my past is dead. It’s gone.
Inspiration is perishable—act on it immediately.
The democratization of technology allows anyone to be a creator, entrepreneur, scientist. The future is brighter.
If you eat, invest, and think according to what the “news” advocates, you’ll end up nutritionally, financially, and morally bankrupt.
It’s not really about hard work. You can work in a restaurant eighty hours a week, and you’re not going to get rich. Getting rich is about knowing what to do, who to do it with, and when to do it. It is much more about understanding than purely hard work. Yes, hard work matters, and you can’t skimp on it. But it has to be directed in the right way.
Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom.
You will get rich by giving society what it wants but does not yet know how to get. At scale.
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
Pick business partners with high intelligence, energy, and, above all, integrity. ↓ Don’t partner with cynics and pessimists. Their beliefs are self-fulfilling.
Learn to sell. Learn to build. If you can do both, you will be unstoppable.
Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.
Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.
Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.
Code and media are permissionless leverage. They’re the leverage behind the newly rich. You can create software and media that works for you while you sleep.
If you can’t code, write books and blogs, record videos and podcasts.
You should be too busy to “do coffee” while still keeping an uncluttered calendar.
If fixing a problem will save less than your hourly rate, ignore it. If outsourcing a task will cost less than your hourly rate, outsource it.
you should ask yourself, “Is this authentic to me? Is it myself that I am projecting?” And then, “Am I productizing it? Am I scaling it? Am I scaling with labor or with capital or with code or with media?”
You can go on the internet, and you can find your audience. And you can build a business, and create a product, and build wealth, and make people happy just uniquely expressing yourself through the internet. [78]
Knowing how to be persuasive when speaking is far more important than being an expert digital marketer or click optimizer. Foundations are key. It’s much better to be at 9/10 or 10/10 on foundations than to try and get super deep into things. You do need to be deep in something because otherwise you’ll be a mile wide and an inch deep and you won’t get what you want out of life. You can only achieve mastery in one or two things. It’s usually things you’re obsessed about. [74]
Compound interest also happens in your reputation. If you have a sterling reputation and you keep building it for decades upon decades, people will notice. Your reputation will literally end up being thousands or tens of thousands of times more valuable than somebody else who was very talented but is not keeping the compound interest in reputation going.
The reason I say this is not to make some glib comment about how 99 percent of your life is wasted and only 1 percent is useful. I say this because you should be very thoughtful and realize in most things (relationships, work, even in learning) what you’re trying to do is find the thing you can go all-in on to earn compound interest. When you’re dating, the instant you know this relationship is not going to be the one that leads to marriage, you should probably move on. When you’re studying something, like a geography or history class, and you realize you are never going to use the information, drop the class. It’s a waste of time. It’s a waste of your brain energy. I’m not saying don’t do the 99 percent, because it’s very hard to identify what the 1 percent is. What I’m saying is: when you find the 1 percent of your discipline which will not be wasted, which you’ll be able to invest in for the rest of your life and has meaning to you—go all-in and forget about the rest. [10]
Be optimistic, be positive. It’s important. Optimists actually do better in the long run. [10]