Naval's Almanack by Eric Jorgenson
March 28, 2024
đź“– Started: March 10, 2024
âś… Finished: March 28, 2024
Why This Book Matters
Naval Ravikant's philosophy on wealth, happiness, and life has become a foundational framework for how I think about building a meaningful career and life. This almanack distills years of his tweets and interviews into actionable wisdom.
Key Takeaways
Wealth Creation
Wealth isn't about working harder—it's about creating assets that work for you. Naval's formula: Wealth = Specific Knowledge + Accountability + Leverage + Capital.
- Specific Knowledge: What you can't be trained for, what you learn by doing
- Accountability: Taking ownership of outcomes
- Leverage: Code, media, capital, or labor
- Capital: Money to deploy
Happiness as a Skill
Happiness isn't something you find—it's something you build. Naval argues that happiness is the absence of desire. When you want nothing, you have everything.
Reading and Learning
Naval reads constantly, not for entertainment but for understanding. He treats reading as a form of compound interest—the more you know, the more connections you can make.
What I've Applied
I've shifted my focus from hourly wages to building specific knowledge in areas I'm genuinely curious about. Instead of optimizing for salary, I'm optimizing for learning and leverage.
The Bottom Line
This book is a manual for living well. It's not about getting rich quick—it's about understanding the fundamental principles of wealth, happiness, and meaning. Naval's thinking has influenced how I approach every major decision.