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Naval

Navalnav.al
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Episodes

The Path to Peace Is Truth

Discovering the truth can change you where self-improvement fails. Transcript: http://nav.al/truth

Mar 26, 20202 min

Finding Peace from Mind

The mind should be a servant, not a master. Transcript: http://nav.al/peace

Mar 03, 20202 min

Work the Least for It

Happy people don’t have to work as hard. Transcript: http://nav.al/least

Feb 19, 20202 min

How to Get Rich: Every Episode

This giant episode collects every interview I’ve done on “How to Get Rich.” It includes 10 minutes of unreleased material—at the end—on “Finding Time to Invest in Yourself.” Transcript: http://nav.al/rich Seek Wealth, Not Money or Status 1:30 Make Abundance for the World 6:40 Free Markets Are Intrinsic to Humans 10:21 Making Money Isn’t About Luck 14:19 Make Luck Your Destiny 19:25 You Won’t Get Rich Renting Out Your Time 24:00 Live Below Your Means for Freedom 28:40 Give Society What It Doesn’t...

Dec 10, 20193 hr 36 min

Externalities: Calculating the Hidden Costs of Products

Externalities let you account for the true cost of products by including hidden costs like environmental damage. • Pricing externalities properly is more effective than feel-good measures 0:32 • Properly pricing externalities can save resources in a tremendous way 1:10 Transcript: http://nav.al/externalities

Jul 31, 20192 minEp. 51

Net Present Value: What Future Income Is Worth Today

Calculate what future income is worth today by applying a discount to its future value. • Figure out what future income is worth today by applying a discount rate 0:00 Transcript: http://nav.al/npv

Jul 29, 20191 minEp. 50

Consumer Surplus: Getting More Than You Paid For

A lot of people are willing to pay more than what companies charge. • Consumer surplus is the extra value you get when you pay less than you were willing 0:00 Transcript: http://nav.al/surplus

Jul 25, 201949 secEp. 49

Price Discrimination: Charge Some People More

You can charge people for extras based on their propensity to pay. • Price discrimination is a technique for charging certain people more 0:00 • Rich people and large enterprises are willing to pay more 0:51 Transcript: http://nav.al/price-discrimination

Jul 23, 20191 minEp. 48

Compounding Relationships Make Life Easier

Life gets a lot easier when you know someone’s got your back. • Compounding relationships make life easier 0:00 • It’s better to have a few compounding relationships than many shallow ones 1:11 • It takes just as much effort to create a small business as a large one 1:40 Transcript: http://nav.al/relationships

Jul 19, 20192 minEp. 47

Turn Short-Term Games Into Long-Term Games

Improve your leverage in negotiations by turning short-term relationships into long-term ones. • Pareto optimal solutions require a trade-off to improve any criterion 0:00 • Negotiations are won by whoever cares less 0:44 • Convert single-move games to multi-move games 1:54 Transcript: http://nav.al/pareto-optimal

Jul 15, 20193 minEp. 46

Schelling Point: Cooperating Without Communicating

People who can’t communicate can cooperate by anticipating the other person’s actions. • Use social norms to cooperate when you can’t communicate 0:00 • You can find Schelling points in business, art and politics 1:14 Transcript: http://nav.al/schelling-point

Jul 12, 20192 minEp. 45

Kelly Criterion: Avoid Ruin

Don't ruin your reputation or get wiped to zero. • Don't bet everything on one big gamble 0:00 • Ruining your reputation is the same as getting wiped to zero 0:54 Transcript: http://nav.al/kelly-criterion

Jul 10, 20192 minEp. 44
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