All rights reserved.
This book has been created as a public service. It is available for free download in pdf and e-reader versions on Navalmanack.com. Naval is not earning any money on this book. Naval has essays, podcasts and more at Nav.al and is on Twitter @Naval.
For my parents, who gave me everything and always seem to find a way to give more.
Important Notes On This Book (Disclaimer)
I built the Navalmanack entirely out of transcripts, Tweets, and talks Naval has shared. Every attempt is made to present Naval in his own words. However, there are a few important points.
- The transcripts have been edited for clarity and brevity (multiple times).
- Not all sources are primary (some excerpts are from other writers quoting Naval).
- I cant be 100 percent certain of every sources authenticity.
- Concepts and interpretations change over time, medium, and context.
- Please verify phrasing with a primary source before citing Naval from this text.
- Please interpret generously.
By definition, everything in this book is taken out of context. Interpretations will change over time. Read and interpret generously. Understand the original intent may be different than your interpretation in a different time, medium, format, and context.
In the process of creating this book, I may have mistakenly re - contextualized , misinterpreted, or misunderstood things. As content passed through time, space, and medium, some phrasing may have shifted in flight. Every effort has been made to maintain the original intent, but errors are (very) possible.
Interviews have been transcribed, edited, rearranged, and re - edited for readability. I did my best to keep Navals ideas in his own words.
All brilliance in this book is Navals; any mistakes are mine.
Tweets and Tweetstorms
Tweets are formatted like pull quotes but are unique content. I use them to summarize or punctuate an idea from the main prose.
This formatting shows Im quoting a tweet.
Tweetstorms are connected tweets, formatted like this:
This is the first tweet in a tweetstorm.
This is the second tweet. Tweetstorms are longer series of tweets all threaded together, similar to a blog post.
Bolded Questions
Many excerpts are from interviews by fantastic creators like Shane Parrish, Sarah Lacy, Joe Rogan, and Tim Ferriss. The questions are bolded. For simplicity and continuity, I do not distinguish various interviewers from each other.
Non-Narrative
This is a choose - your - own adventure book. Jump to anything that interests you and skip anything that doesnt.
Look It Up
If you find a word or concept youre not familiar with, look it up. Or, read on to find more context. Some referenced ideas are expanded upon later in the book.
Citations
Citations (like [1]) indicate the end of an excerpt. Ive done my best to maintain context for smooth reading. Sources are in the appendix for reference. Some sources appear many times and do not appear in order.
Foreword
By Tim Ferriss
Dear Reader,
It feels strange for me to write these words, as I committed many years ago to never write forewords.
Im making a rare exception in this case for three reasons. First, a free version of this book is being offered to the world in a digital/Kindle/eBook format with no strings attached. Second, Ive known Naval for more than a decade and have long wanted someone to compile this book. Third, Im increasing the likelihood of Navals next child being named Tim (Ill settle for Timbo, if he prefers).
Naval is one of the smartest people Ive ever met, and hes also one of the most courageous. Not in the run into the fire without thinking twice sense, but in the think twice and then tell everyone theyre focusing on the wrong fire sense. He is rarely part of any consensus, and the uniqueness of his life, lifestyle, family dynamics, and startup successes is a reflection of conscious choices hes made to do things differently.
He can be as blunt as a foot to the face, but thats part of what I love and respect about him: you never have to guess what Naval is thinking. Ive never had to guess how hes feeling about me, someone else, or a situation. This is a huge relief in a world of double - talk and ambiguity.
Weve shared a lot of meals, shared a lot of deals, and hopped around the world together. Thats all to say that, while I consider myself a good people - watcher , I consider myself an excellent Naval - watcher . He is one of the people I call most for advice, and Ive watched him in many habitats through many seasons: easy times, hard times, recessions, boomsyou name it.
Sure, hes the CEO and a co - founder of AngelList. Sure, he previously co - founded Vast.com and Epinions, which went public as part of Shopping.com. Sure, hes an angel investor and has invested in many mega successes, including Twitter, Uber, Yammer, and OpenDNS, to name but a few.
Thats all great, of course, and it shows Naval is a world - class operator instead of an armchair philosopher.
But I dont take his perspectives, maxims, and thoughts seriously because of the business stuff. There are lots of miserable successful people out there. Be careful about modeling those, as you will get all the bathwater with the baby.
I take Naval seriously because he:
- Questions nearly everything
- Can think from first principles
- Tests things well
- Is good at not fooling himself
- Changes his mind regularly
- Laughs a lot
- Thinks holistically
- Thinks long - term
- Anddoesnt take himself too goddamn seriously.
That last one is important.
This book will give you a good taste of what that cocktail of bullets looks like in Navals head.
So, pay attentionbut dont simply parrot his words. Follow his advicebut only if it holds up after scrutiny and stress - testing in your own life. Consider everythingbut take nothing as gospel. Naval would want you to challenge him, as long as you bring your A - game .