The Naval Podcast – Eventually You Will Get What You Deserve

Check out Naval’s Episode Page & Show Notes

This podcast clip is part of an ongoing conversation between Naval Ravikant and Babak Nivi. Unless otherwise noted, quotes are from Naval. For reference, check out Naval’s famous How to Get Rich tweet storm.

Key Takeaways

  • Naval tweeted – “Apply specific knowledge with leverage and eventually you’ll get what you deserve”
    • (You could also add to that, apply: judgement or accountability)
  • Results take TIME
    • “If you’re counting, you’ll run out of patience before it actually arrives”
    • Everybody wants results immediately, but you have to put in the hours
  • Put yourself in a good position with the specific knowledge, the accountability, the leverage, and your authentic skill set which allows you to be the best in the world at what you do (but you have to enjoy it)
    • Then just keep doing it, doing it, and doing it, and don’t keep track, and don’t keep count
  • “On a long enough time scale, you do get paid, but it can easily be 10 or 20 years”
  • In entrepreneurship, you just have to be right ONCE
    • And the good news is you can take as many shots on goal as you want (usually every 3-5 years, 10 at the slowest)
  • Nivi has an equation:
    • Your eventual outcome = (the distinctiveness of your specific knowledge) x (how much leverage you apply) x (how often your judgment is correct) x (how accountable you are for the outcome) x (how much society values what you’re doing) x (how long you can keep doing it) x (your improvement rate with learning and reading)
  • But the thing that matters most – find something you’re good at that the market values
    • If you’re good at it – you’ll keep it up, develop the judgement, and eventually take on accountability (all the other variables fall into place)
    • “Product-market fit is inevitable if you’re doing something you love to do and the market wants it”
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