THE ALMANACK OF NAVAL RAVIKANT

NAVAL'S WRITING

LIFE FORMULAS I (2008)

These are notes to myself. Your frame of reference, and therefore your calculations, may vary. These are not definitions—these are algorithms for success. Contributions are welcome.

  • Happiness = Health + Wealth + Good Relationships
  • Health = Exercise + Diet + Sleep
  • Exercise = High Intensity Resistance Training + Sports + Rest
  • Diet = Natural Foods + Intermittent Fasting + Plants
  • Sleep = No alarms + 8–9 hours + Circadian rhythms
  • Wealth = Income + Wealth * (Return on Investment)
  • Income = Accountability + Leverage + Specific Knowledge
  • Accountability = Personal Branding + Personal Platform + Taking Risk?
  • Leverage = Capital + People + Intellectual Property
  • Specific Knowledge = Knowing how to do something society cannot yet easily train other people to do
  • Return on Investment = “Buy-and-Hold” + Valuation + Margin of Safety [72]
NAVAL’S RULES (2016)
  • Be present above all else.
  • Desire is suffering. (Buddha)
  • Anger is a hot coal you hold in your hand while waiting to throw it at someone else. (Buddha)
  • If you can’t see yourself working with someone for life, don’t work with them for a day.
  • Reading (learning) is the ultimate meta-skill and can be traded for anything else.
  • All the real benefits in life come from compound interest.
  • Earn with your mind, not your time.
  • 99 percent of all effort is wasted.
  • Total honesty at all times. It’s almost always possible to be honest and positive.
  • Praise specifically, criticize generally. (Warren Buffett)
  • Truth is that which has predictive power.
  • Watch every thought. (Ask “Why am I having this thought?”)
  • All greatness comes from suffering.
  • Love is given, not received.
  • Enlightenment is the space between your thoughts. (Eckhart Tolle)
  • Mathematics is the language of nature.
  • Every moment has to be complete in and of itself. [5]

Health, love, and your mission, in that order. Nothing else matters.

Next Section:

NEXT ON NAVAL