Almanack of Naval Ravikant

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. 

Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media). 

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.

If you have two choices to make, and they're relatively equal choices, take the path more difficult and more painful in the short term. 

Reading science, math, and philosophy one hour per day will likely put you at the upper echelon of human success within seven years.

"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. Don't copy. The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn... See more

When you find the right thing to do, when you find the right people to work with, invest deeply. Sticking with it for decades is really how you make the big returns in your relationships and in your money. So, compound interest is very important. 

The developer takes on more risk, more accountability, has more leverage, and needs to have more specific knowledge. They need to understand fundraising, city regulations, where the real estate market is headed, and whether they should take the risk or not. It is more difficult. 

To me, the real winners are the ones who step out of the game entirely, who don't even play the game, who rise above it. Those are the people who have such internal mental and self-control and self-awareness, they need nothing from anybody else.