The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 63 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Ravikant: Life is mostly about mastering and applying the basics
“Life is mostly about applying the basics, and only doing the advanced stuff in the things that you truly love, and where you understand the basics inside out.”
Naval Ravikant: In leveraged markets, 80% decision accuracy pays exponentially more.
“And in fact, someone who makes decisions right, 80% of the time instead of 70% of the time will be valued and compensated in the market hundreds of times more.”
Ravikant: Venture bets limit downside to 1X with 10,000X upside potential
“If it works out, you know, the angel bets and venture bets are great because they have nonlinear outcomes in the positive, but on the downside, you can only lose one X, but on the upside, you can make 10,000 X.”
Ravikant: Negotiations with high-integrity people are easy and preserve compounding relationships
“Negotiations with high integrity people are usually very easy. You're giving each other things to make sure the other person's happy enough that the deal survives, because unhappy deals get unwound, and they become short-term relationships which don't have any…”
Ravikant: Building a Good Venture Requires at Least a Ten-Year Commitment
“Go find the thing you can commit to for 10 years, because that's how long it's going to take minimum to get a good outcome, and you have to enjoy the journey, because there's no guarantee on the outcome”
Ravikant: Evolution and Buddhism are completely reconcilable philosophies
“My philosophy falls down to, and one pole is evolution as a binding principle, because it explains so much about humans and the near side is Buddhism, which is the oldest, most time-tested spiritual philosophy on the internal state of being inside each of us. …”
Naval Ravikant: Never commit to future tasks you would not do today.
“If I commit to doing something, then I commit to doing it right now. If I'm not willing to do it right now, then don't do it. Don't commit to it.”
Ravikant: Life moves from exploration to exploitation, and he is in exploitation
“You go through life through an exploration phase, and then you switch to an exploitation phase, and I'm very much in the exploitation phase, not looking for more exploration.”
Naval Ravikant is personally invested in approximately 200 different companies.
“I'm an investor personally in about 200 companies advisor to a bunch, on a bunch of boards.”
Naval Ravikant partners in a 2017 cryptocurrency fund holding Bitcoin and Ethereum.
“I'm also a small partner in a cryptocurrency fund, because I'm really into these coins like Bitcoin, Ethereum, and Zcash, and so forth.”
Naval Ravikant uses Twitter as his primary note-taking system for reading insights.
“Actually, my note taking is Twitter. So, what I do is I read and read and read, and if I have some fundamental aha insight or concept, then what I like about Twitter is it forces me to distill that into a 140 characters and then I try and put it out there as a…”
Ravikant: Minimizing ego and outcome desire enables seeing reality clearly
“So I think the hard thing here is seeing the truth and to see the truth, you have to get your ego out of the way because your ego doesn't want to face the truth. So the smaller you can make your ego, the less condition you can make your reactions, the less des…”
Ravikant: Acknowledging business failures publicly prevents self-delusion
“So especially in business, if something isn't going well, I try to acknowledge that publicly. And I try to acknowledge it publicly in front of my co-founders and friends and co-workers, because that way then I'm not hiding it from anybody else. If I'm not hidi…”
Ravikant: Jiddu Krishnamurti and Osho are his favorite philosophers
“I'm pretty much always reading, rereading something by either Jiddu Krishnamurti or Osho. Those are kind of my favorite philosophers.”
Ravikant: Multi-year goal is deconditioning habituated responses for cleaner decisions
“I do View a lot of my goals over the next few years of unconditioning previous learned responses or habituated responses so that I can make decisions more cleanly in the moment without relying upon memory or prepackaged heuristics and judgments.”