I've been studying @naval for years now.
I've read "The Almanack," listened to the full 3.5 hours of "How to Get Rich," absorbed his best podcasts, pondered countless tweets, and more.
Here are 20 highlights you should know (thread 👇):
"Answers to all the great questions are paradoxes … Pursuing them is actually really useful because then it gives you certain intrinsic understanding in your life that brings a level of peace." — @naval
"I think the closest I can articulate ... is to keep growing and learning in the short period of time that you have. To seek truth and to accept things the way they are. To see the world the way it really is. Then, just to live your life." — @naval
If @naval could put on thing on a billboard, it would be:
"Desire is a contract you make with yourself to be unhappy until you get what you want."
"I think the most common mistake for humanity is believing you’re going to be made happy because of some external circumstance." — @naval
@naval's most surprising discovery in the last five years is that peace & happiness are skills & choices:
"The most important trick to being happy is to realize happiness is a skill you develop and a choice you make. You choose to be happy, and then you work at it."
"Peace is happiness at rest, and happiness is peace in motion. You can convert peace into happiness anytime you want. But peace is what you want most of the time. If you’re a peaceful person, anything you do will be a happy activity." — @naval
"You have to be very careful because sometimes the voices talking in your head that you think is you is actually social programming." — @naval
"Life is really a single-player game. It’s all going on in your head. Whatever you think and believe will very much shape your reality." — @naval
- What you do
- Who you spend time with
- Where you live
Big Getting Rich Decisions:
- Knowing what to do
- Who to do it with
- When to do it
- Health (Physical, Mental, Spiritual)
- Happiness
- Love / Family
- Mission / Work
- Wealth
"Becoming a perpetual learner. You have to know how to learn anything you want to learn." — @naval
Ultimate Meta-Skill:
"Reading (learning) is the ultimate meta-skill and can be traded for anything else." — @naval
- Reading
- Writing
- Arithmetic
- Persuasion (which is talking)
- Computer Programming (an applied form of arithmetic)
- Execution (getting things done, solving problems)
- Wealth creation / making money
- Read originals & classics
- Read the greats in math, science, philosophy
- Microeconomics, game theory, psychology, persuasion, ethics, computers
- Evolution, thermodynamics, information theory, complexity
"Money is not going to solve all of your problems; but it’s going to solve all of your money problems." — @naval
Wealth:
"My definition of wealth is oriented toward businesses and assets that can earn while you sleep." — @naval
"You’re probably not going to create wealth through work. There are many reasons for that, but the most basic is because your inputs are very closely tied to your outputs. You can’t earn non-linearly." — @naval
- Creating something new from scratch
- Predicting that society will want it
- Figuring out how to scale it and get it to everybody in a profitable, self-sustaining way
- You love to do it
- It’s natural and authentic to you
- You know how to do it the best
- Society wants it but doesn’t know how to get it
- Demonstrated judgment
- High accountability
- Leverage
- Long timescale
"The combination of the three should be your overwhelming goal. The most important thing for any entrepreneur is to find founder-product-market fit." — @naval
"Impatience with actions, patience with results. I think that’s a good philosophy for life." — @naval
All the benefits & returns in life come from compounding:
- Wealth
- Relationships
- Love
- Health
- Habits
- Learning
- Reading
- Knowledge
- Creating
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Trading view scanner process -
1 - open trading view in your browser and select stock scanner in left corner down side .
2 - touch the percentage% gain change ( and u can see higest gainer of today)
3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )
4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.
5. U can also select those stocks which are going to give range breakout or already given range BO
6 . If in 15 min chart📊 any stock sustaing near BO zone or after BO then select it on your watchlist
7 . Now next day if any stock show momentum u can take trade in it with RM
This looks very easy & simple but,
U will amazed to see it's result if you follow proper risk management.
I did 4x my capital by trading in only momentum stocks.
I will keep sharing such learning thread 🧵 for you 🙏💞🙏
Keep learning / keep sharing 🙏
@AdityaTodmal
1 - open trading view in your browser and select stock scanner in left corner down side .
2 - touch the percentage% gain change ( and u can see higest gainer of today)
Making thread \U0001f9f5 on trading view scanner by which you can select intraday and btst stocks .
— Vikrant (@Trading0secrets) October 22, 2021
In just few hours (Without any watchlist)
Some manual efforts u have to put on it.
Soon going to share the process with u whenever it will be ready .
"How's the josh?"guys \U0001f57a\U0001f3b7\U0001f483
3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )
4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.
5. U can also select those stocks which are going to give range breakout or already given range BO
6 . If in 15 min chart📊 any stock sustaing near BO zone or after BO then select it on your watchlist
7 . Now next day if any stock show momentum u can take trade in it with RM
This looks very easy & simple but,
U will amazed to see it's result if you follow proper risk management.
I did 4x my capital by trading in only momentum stocks.
I will keep sharing such learning thread 🧵 for you 🙏💞🙏
Keep learning / keep sharing 🙏
@AdityaTodmal