The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Judgment

“As long as I have a book in my hand, I don’t feel like I’m wasting time.” —Charlie Munger

Luckily, in modern society, there’s no more debtors’ prison and people aren’t imprisoned or executed for losing other people’s money, but we’re still socially hardwired to not fail in public under our own names. The people who have the ability to fail in public under their own names actually gain a lot of power.

Find Happiness in Acceptance

How do you get there?

Specific knowledge is found much more by pursuing your innate talents, your genuine curiosity, and your passion.

Judgment requires experience but can be built faster by learning foundational skills.

“Is it so important to me I’ll be unhappy unless this goes my way?”

If you could just sit for thirty minutes and be happy, you are successful. That is a very powerful place to be, but very few of us get there. [6]