The Naval Podcast – Build Your Character so Luck Becomes Your Destiny

Check out Naval’s Episode Page & Show Notes

This podcast clip is part of a conversation between Naval Ravikant (@naval) and Babak Nivi (@nivi). Unless otherwise noted, quotes are from Naval.

Key Takeaways

  • There are cliches for every kind of luck except for the last kind, which Naval terms as “luck that finds you” (see these Podcast Notes for more on the different types of luck)
    • 1) Blind luck – “dumb luck”
    • 2) Luck that comes to you through persistence – “fortune favors the bold”
    • 3) Spotted luck – “chance favors the prepared mind”
    • 4) Luck that finds you – ???
  • More on the fourth kind of luck – luck that finds you
    • “It eventually starts becoming so deterministic that it stops being luck”
    • Luck becomes destiny
    • Another way to think about this type of luck – you build your character in a certain way, and then your character becomes your destiny
  • Build your character and your reputation so that eventually, you’ll be able to take advantage of opportunities that other people may characterize as lucky…but you know it wasn’t
    • For example – Warren Buffet gets offered deals, gets to buy companies, and do other things people can’t just because of his reputation
  • One piece of advice – be eccentric
    • Because the world is efficient, everyone has dug through all the obvious places – being eccentric helps to find the new and novel
    • Also be willing to dig deeper than anyone else, just because you’re interested
    • Related quotes:
      • “Extreme people get extreme results” Sam Altman
      • “You can’t be normal and expect abnormal results”Jeffery Pfeffer, a professor at Stanford
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