How to get rich without getting lucky (2018)
1–10 of 193 posts
Re: How to get rich without getting lucky (2018)
#2Its not very helpful in a specific way. Little business aphorisms. Same dude with a poor argument against UBI from literally an entrepeneural perspective
Re: How to get rich without getting lucky (2018)
#3It would have been more interesting if they could share deeper, nuanced arguments for setting wealth as the objective function. Sure, wealth past a certain point admits a lot of freedom---but what next beyond that point? But the utility function over wealth (x: wealth, y: utility) is sub-modular in nature. When the curve gets flat, what metric must one use to measure her life's worth? Is there even one as such? Having followed their opinions for quite some time, I know they must have some good opinions on these...
Re: How to get rich without getting lucky (2018)
#4It would have been more interesting if they could share deeper, nuanced arguments for setting wealth as the objective function. Sure, wealth past a certain point admits a lot of freedom---but what next beyond that point? But the utility function over wealth (x: wealth, y: utility) is sub-modular in nature. When the curve gets flat, what metric must one use to measure her life's worth? Is there even one as such? Havin…
I imagine when you get to that point you focus in transforming x into y or just produce y independent of x.
Re: How to get rich without getting lucky (2018)
#5Wealth = freedom to do what you want.
For some people with minimal lifestyles in low cost areas of the US (or living internationally) that can be $30K.
I think the series does a good job covering principles such as leverage (software, capital, labour) which are rarely taught in school.
Most financial planners only talk about cutting costs, not making more money, because they don't know how... this is the opposite.
Re: How to get rich without getting lucky (2018)
#6It would have been more interesting if they could share deeper, nuanced arguments for setting wealth as the objective function. Sure, wealth past a certain point admits a lot of freedom---but what next beyond that point? But the utility function over wealth (x: wealth, y: utility) is sub-modular in nature. When the curve gets flat, what metric must one use to measure her life's worth? Is there even one as such? Havin…
He has covered these issues with more detail and nuance. For example, see his recent two hour interview on the Joe Rogan podcast. The point is achieving happiness. He's quite philosophical about this, give his material a try.
Re: How to get rich without getting lucky (2018)
#7Naval's original tweet storm is really worth reading (as is some of the discussion around it on twitter): https://twitter.com/naval/status/1002103360646823936
Re: How to get rich without getting lucky (2018)
#8> Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.
Anyone have any book recommendations for these? Any favorites?
Re: How to get rich without getting lucky (2018)
#9From last year: https://news.ycombinator.com/item?id=17203304
Re: How to get rich without getting lucky (2018)
#10I used to follow that guy religiously then I realized that he knew how to hack the "attention" system on social media. He is famous for what really is little fluffy sentences that would get retweeted and make him look like a wise man with the ultimate truth about everything.
Now I see him as a huge hack. Almost a complete parody of Silicon Valley.