Naval Ravikant — The Person I Call Most for Startup Advice (#97)

The Tim Ferriss Show with Naval Ravikant

“Desire is a contract you make with yourself to be unhappy until you get what you want.”
— Naval Ravikant

Naval Ravikant (@naval) is the CEO and a co-founder of AngelList. He previously co-founded Epinions, which went public as part of Shopping.com, and Vast.com. He is an active angel investor and has invested in more than 100 companies, including more than a few “unicorn” mega-successes.

His deals include Twitter, Uber, Yammer, Postmates, Wish, Thumbtack, and OpenDNS, which Cisco just bought for $635 million in cash.

BUT, even if you have zero interest in startups or investing, this episode is well worth your time.  This is really about the habits and beliefs of a highly successful (and happy) person.

Naval has refined his way of living in very unique ways, and you can borrow what he’s learned, read the books that have changed him, and experiment with the habits he has developed through trial and error.

Enjoy this conversation with a curious character!

UPDATE:  This episode was extremely popular (and nominated for “Podcast of the Year”), so we did a round two with Naval. Here it is!

Listen to the episode on Apple Podcasts, Spotify, or wherever you get your podcasts. You can find the transcript of this episode here. Transcripts of all episodes can be found here.

#97: The Evolutionary Angel, Naval Ravikant

Want to hear another podcast on meditation and “spirituality”? Listen to my conversation with Sam Harris, PhD. In the below episode, we discuss “spirituality,” neuroscience, his meditation practice, and more.

Ep. 14: Sam Harris, PhD - Spirituality, Neuroscience, Meditation, and More

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QUESTION(S) OF THE DAY: What do you still want to know about investing, whether in startups or elsewhere? Or: What was your favorite takeaway from Naval? Please let me know in the comments.

Scroll below for links and show notes…

Enjoy!

Selected Links from the Episode

AngelList | Startup Boy Blog | Twitter

Show Notes

  • On the intensity of Naval Ravikant [6:55]
  • On uncompromising honesty [16:54]
  • How AngelList and Venture Hacks came to be [20:09]
  • What Naval looks for when deciding to invest in a founder [25:24]
  • Common “wives tales” in venture capital [32:39]
  • What books, outside the startup world, have most improved Naval’s ability to invest? [36:54]
  • Greatest investing hits and misses [51:49]
  • When you think of the successful people, who is the first that comes to mind? [58:19]
  • Meditative practices [1:00:58]
  • How to replace bad habits with good habits [1:07:06]
  • On setting stakes and awards [1:24:49]
  • How to treat your life like a movie [1:34:44]
  • Overused words and phrases [1:39:39]
  • Early life education and the importance of “loving to read” [1:43:19]
  • Advice for his younger self [1:51:09]
  • Describing the first 60 minutes of each day [1:52:40]
  • If you could have one billboard anywhere, where would it be and what would it say? [2:04:19]

People Mentioned

The Tim Ferriss Show is one of the most popular podcasts in the world with more than one billion downloads. It has been selected for "Best of Apple Podcasts" three times, it is often the #1 interview podcast across all of Apple Podcasts, and it's been ranked #1 out of 400,000+ podcasts on many occasions. To listen to any of the past episodes for free, check out this page.

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Leah
Leah
8 years ago

Two books that altered my life:

-The War of Art

-The Now Habit

Lon
Lon
8 years ago

Best book recommendatio: Renovation of the Heart by Dallas Willard

Edward
Edward
8 years ago

Wow, now that was a great podcast. This one and the Schwarzenegger episode are my two favorites. So much good info and I love the quote about desire being a contract we make with ourselves to be unhappy until we get what we want. The inevitable outcome always leads to more desire and more unhappiness. Brilliant. As far as books that have made an impact on me, I’d say The Dark Tower series by Stephen King would probably be at the top of the list as far as fiction goes. I’ve looked into The Origin of Species but I’ll have to pick it up now for sure. Excellent work as always.

Moon Limb
Moon Limb
8 years ago

Thank you Tim and Naval for the insight-packed conversation. One book that changed my day to day life is The Wisdom of Insecurity by Alan Watts.

One excerpt: “For all the qualities which we admire or loathe in the world around us are reflections from within…”

I found the book especially relevant to my then moment-deprived life in San Francisco. I was unable to enjoy the moment, due to preoccupations about the future and insecurities from the past.

Many of us are so hooked on technology that we are physically present in a place, but often emotionally and mentally distant from both that space and people immediately around us. Ironically, we are more absorbed in our cellphone, possibly checking something on social network, the very thing that is suppose to connect people.

There is so much wisdom packed in this book. As Tim mentioned, each person connects (or disconnects) with a book differently. Just like relationship, I find timing matters. I am much happier person after reading it, because I needed it.

One unputdownable book I loved is The Godfather by Mario Puzo. Follow it up with the movie!

seandfeeney
seandfeeney
8 years ago

What was the nova documentary you mentioned TIm? I would love to learn how to ask better questions and I believe you said there was a physicist who was great at that.

Mark
Mark
8 years ago

Great show, one of your best. Would love some more information on “Victor’s” morning work out. Any links or other info you can share?

Tyler Dinley
Tyler Dinley
8 years ago

The Adventurist

Autobiography by Robert Young Pelton

This book has become my go-to read to keep on track with life goals and ventures. Started reading it 11 years ago and continue to read it once a year. For whatever reason, I really connect with the author despite our life experiences being vastly different. To sum it up – he was a self-made millionaire marketing strategist who completely shifted gears around the age of 40 and became a leading expert on dangerous places and hot zones around the world; one of the first westerners to “hang out with and document” the Taliban during their infant years.

Darin
Darin
8 years ago

1:16:08- “You’re putting a finger in the dike an making it work”.

Tim’s effort to conceal the laughter brought me to tears. I’ve replayed that

about 12 times. Seriously dying over here.

Naval
Naval
8 years ago
Reply to  Darin

Funny, I didn’t even mean it that way!

Catelyn
Catelyn
8 years ago

I particularly enjoyed this podcast and Naval’s thoughtful responses. I found the bit about not feeling obligated to finish a book very freeing! That was an irrational behavior that I’ve carried with me for far too long.

Keep up the great work Tim!

Mike Brewer
Mike Brewer
8 years ago

As a Man Thinketh – James Allen

Richard
Richard
8 years ago

Book: “This is Earl Nightingale” by Earl Nightingale. It lives on my desk.

Todd
Todd
8 years ago

The Monster at the End of This Book (a Little Golden Book)

jarekskrzypek
jarekskrzypek
8 years ago

For me, the very one book I remind myself everyday is Stumbling Upon Happiness by Daniel Gilbert. I absolutely love the way it bisects our assumptions about happiness and life in general. It’s been already mentioned couple times in the show, so if you haven’t read it yet.. well you just prettty much should get it now 🙂

One interesting thing, is that I dont remember Tim never mentioning nor commenting on it. Perhaphs even he haven’t read all the books recommended here…

Oh, and thanks for this brilliant interview!

naval
naval
8 years ago
Reply to  jarekskrzypek

Related and recommended – The Happiness Hypothesis, by Jonathan Haidt

deansdesk1
deansdesk1
4 years ago
Reply to  jarekskrzypek

Gilbert’s book is high on my list as well, good call.

Solomon
Solomon
8 years ago

Tim, you are really fortunate to have Naval as a friend. Hands down, this is your best episode yet. I’m so glad you guys didn’t talk about startups.

Solomon
Solomon
8 years ago
Reply to  Solomon

Also, I would love to learn more about the morning workout routine. Thanks!

rosswhocomments
rosswhocomments
8 years ago

Personally, I can’t stand the “evolution as a binding principle” line of thinking. Its adherents come across a real world problem, and instead of investigating its causes and seeking to understand, they try to explain it away with a wishy-washy, made-up narrative that’s only loosely based on scientific principles. There are infinite contradictory conclusions that can be drawn from this principle. It is really just a crutch argument– meaning an argument you invent after you have settled on a conclusion. Despite my disdain for “evolution as a binding principle,” I do believe in evolution as observed by biology, paleontology, and most anthropology.

My other problem I had with Naval was him saying the original sin, as seen with Adam and Eve, was lust. The original sin in this story was pride, self-reliance, and enmity towards God. Adam’s relationship with Eve was not lustful until after the original sin.

I don’t mean to be all negative though. I will say I loved what Naval said about waking up to natural light. I have a big window in my bedroom that I only slightly shade because of street lights.

Michael Letros
Michael Letros
8 years ago

Another tremendous podcast Tim.

Naval – You may enjoy “The War of Art” by Stephen Pressfield. It’s an inspiring, no nonesense call to action for any creative endeavor.

And anything by Nassim Taleb. While the author may protest this characterization, “Antifragile” has an application in the investment world, particularly the focus on fragility and vulnerability (of business models, balance sheets, etc).

naval
naval
8 years ago
Reply to  Michael Letros

Nassim Taleb’s work is phenomenal. He is a deeply original and honest thinker. But, like many of the great ones, he is very uncompromising. We’re lucky to have him as a contemporary.

Annette Vanderzon
Annette Vanderzon
8 years ago

Wow! Yes, #2, 3, 4 Interviews! Totally relate to “don’t watch film, it’s too slow.” Thought the same of professors’ lectures – 300wpm max versus 1000+ reading – unless your Robin Williams, please give me the text, the notes and don’t make me waste 75% of every hour in class.

2.) I should have taken notes so many times I thought, ‘oh remember to add X.’ Naval (and you, Tim) will love Mohanji at Mohanji dot org: brilliant, enlightened and understands what to do with the spaces between the thoughts.

3.) OM: A-U-M 🙂 Ask Mohanji, he knows.

4.) Book: The Inner Matrix by Joey Klein (I have read zillions of books, narrowing it down to one is painful). Joey describes Naval’s “dream state” as that neuroplasticity which occurs as the neurons which fire together wire together and gives a nice little four-sided breath technique which leads to emotional mastery, amongst other types of mastery.

LOVED this podcast. Love all the podcasts but none have inspired me to run out here immediately and write. THANK YOU!

I should have moved to the Silicon Valley when I was first invited to do so 😉

C Jensen
C Jensen
8 years ago

I agree with a lot of the commenters here – one of the best episodes in a while.

Regarding the book that has had one of the biggest impacts on my life, I’d have to say Theory of Poker by David Sklansky. I’d also put Doyle Brunson’s famous book Super System (which made an appearance in the movie Rounders) and a lesser well known book, Small Stakes Hold ‘Em by David Sklansky, Ed Miller, and Mason Malmuth, right up there as well for similar reasons. These books were very influential in several ways:

1. They were my gateway drug into thinking about the world (and life!) through a probabilistic lens. The concept of odds (and related concepts like effective odds, implied odds, and reverse implied odds), payouts, and how everything comes together in the notion of expected value is something that impacts my decision making process daily. These books are actually the first place where I learned about the concept of sunk costs as well as opportunity costs (an immensely valuable concept in economics and in life). It’s also where I started to expand my definition of “risk” and appreciate that there many different forms and levels of risk including “good” risks and “bad” risks.

2. They taught me as much about people and human psychology as they did about math. They are packed with insights, for example, into human emotion (e.g. greed, fear, adrenaline, anxiety), cognitive biases (e.g. loss aversion, endowment effect, anchoring biases, gambler’s fallacy, etc.), and the importance of careful observation and of reading people.

3. These books also taught me that there are different ways / paths towards becoming an “expert” in something, and not just in poker, but in anything. Sklansky’s style is very different than that of Brunson’s. They are both experts though. They both draw on their respective strengths. Don’t get me wrong, they both have a masterful understanding of the game’s fundamentals. But, the way they play the game, with that knowledge, is different. So in my own life when I’m trying to learn something, I try and do the same – make sure I have a strong grasp of the fundamentals but then look for ways I can innovate, leverage my strengths, and ultimately develop my own style.

4. All three of these books were brilliant in that they went against the common way of thinking. Small Stakes Hold ‘Em really stands out in that regard, for me personally, but all three were extremely innovative. Small Stakes Hold ‘Em had this revolutionary concept of betting not just based on the strength of your cards but how you wanted to control the hand and, in particular, influence the pot, which directly impacts the odds the pot is laying you, and therefore your expected value on a hand. Brilliant. But really it was just a real world example of how powerful (and lucrative) divergent thinking can be.

5. And lastly, these books were impactful because they influenced my career trajectory. After developing a passion for poker, I started to get interested in game theory, probability theory, and statistics. That led to an interest in finance and investing, which led me to business school and then into investment management. And the thing I love the most about investing is the same thing that drew me to poker – in order to be good, you have to appreciate both the science and the art behind the craft (the numbers side of the biz and the people side of the biz).

Tim, as always, great work and hope we can catch up soon – it’s been way too long!

Cheers,

Jensen

PS: What was the morning mobility/exercise/breathing routine you guys kept referencing in the podcast?

Alberto
Alberto
8 years ago

I have just finished listening for the second time.

One of the best episodes ever.

I would like to know what is the cooking device he uses. I understood something like “Presto table top” But I am not sure what it is.

Is it something like this?

[img]http://thumbnail.image.rakuten.co.jp/@0_mall/pro-douguya/cabinet/ih-top/ih-fu-pe-1.jpg[/img]

Naval
Naval
8 years ago
Reply to  Alberto

Presto table-top electric griddle. They have a full line of them. Get thin-sliced meats at a Japanese market if possible, slice vegetables with a mandolin, use a bit of coconut oil spray and sea salt if you really need to. http://www.amazon.com/Presto-07030-Touch-Electric-Griddle/dp/B001078UCC/

Josh Moxey
Josh Moxey
8 years ago

At times, I forgot that I was listening to an entrepreneur. It’s great to hear of someone who thinks the way Naval does. One of my favourite episodes.

Josh Moxey
Josh Moxey
8 years ago

I haven’t found “the book” yet… and maybe it’s because I have so many great books that all add tons of value! I will instead give an alternative answer. The audio, Your Wish is Your Command by Kevin Trudeau (Which was intended originally to be a book). I’ve listened to it hundreds, and hundreds of time.

fetron
fetron
8 years ago

It’s a bit simplistic, but a book that really changed my life was The Hope Valley Hubcap King. Great introduction to zen thinking through a story that runs a bit like Don Quixote. Also was deeply affected reading The Unbearable Lightness of Being: A Novel by Milan Kundera. I know, 2 books, but two special ones.

Great episode.

Patrick
Patrick
8 years ago

Fantastic podcast. One of the best. Minor point here: I believe that it is Tom Robbins that deserves credit for coming up with challenging people to star in their own movies. In “Still Life with Woodpecker” (1980) he writes: “…It’s not men who limit women, it’s not straights who limit gays, it’s not whites who limit blacks. What limits people is lack of character. What limits people is that they don’t have the fucking nerve or imagination to star in their own movie, let alone direct it. Yuk.”

naval
naval
8 years ago
Reply to  Patrick

I got it from https://en.wikipedia.org/wiki/Illusions_(Bach_novel) – written in 1977. That said, I’m sure the concept is as old as movies themselves, or perhaps goes back to plays and theater. All that matters is that each person arrives at it in their own way and actually internalizes it. Ultimately, all knowledge is personal.

tb
tb
8 years ago

Many Lives Many Masters. by Dr. Brian Weiss

..read at a particularly difficult-to-understand moment in life.

ericmalczewski
ericmalczewski
8 years ago

Not even trying to suck up to Tim, but the book that most changed my life is The Four Hour Workweek. Happened upon a copy of the audio book that was on sale for $5 and looking back on the last few years, that find was quite a turning point in my life. I still continuously go back to it again and again.

Russell Sterten
Russell Sterten
8 years ago

Othello. Most visceral experience I’ve ever had from a book. The feeling was “oh my god, no!!” But yah, Othello.

Ramraj
Ramraj
8 years ago

The book most influenced me :

A Thousand Names for Joy: Living in Harmony with the Way Things Are

by Byron Katie

naval
naval
8 years ago
Reply to  Ramraj

If you liked Katie, you’ll love Krishnamurti (hopefully).

Sam
Sam
8 years ago

Favourite takeaway:

Health comes first.

And prioritizing health doesn’t mean doing what you think is “right”. It means learning what is right. From both experimentation and teachers.

What I want to know about investing:

How do you actually amass sufficient capital to start?

Is it actually necessary to have your own highly lucrative startup to do so?

Or can you “start small” in easier, cheaper ways, and minimize the downside while learning quickly?

Great episode.

Tim: it’s clear that your full attention is no longer on digging into the guest and seeing the depth in his questions. There’s less curiosity.

A bigger part of your attention is now spent on Presenting him to people, and Asserting theories and methods you’ve found useful, or have ego invested in.

It could be a bit too much caffeine, perhaps?

Still love what you do and appreciate it.

Just delivering feedback.

Sam

naval
naval
8 years ago
Reply to  Sam

Take a look at http://futureinvestor.co/ for learning how to invest, but to amass the capital – yes, do something operational that makes you the money first. Angel investing is more a hobby / philanthropy than it is a job.

Actually if Tim hadn’t jumped in and spoken, I wouldn’t have been able to catch my breath and think. The dialogue is more interesting than the monologue. I’m grateful to Tim that we got to talk about anything other than investing. Most other interviews are more focused and one-dimensional.

Nicoline
Nicoline
8 years ago

Best book so far: Nonviolent Communication: A Language of Life, by Marshall Rosenberg

J mcd
J mcd
8 years ago

the next really big App for emergency applications that go across Military, police and personal uses just went patent pending the other day and there is still room to get in before it hits the market. Contact me if your interested. It would make an interesting show on the application.

yogayanti
yogayanti
8 years ago

Awesome podcast gentlemen–Love it and love the show Tim. My favorite book? You both mentioned desire in the Podcast –The Four Desires-Creating a Life of Purpose, Happiness, Prosperity & Freedom by Rod Stryker. Changed my life in that it gave me the methodology to handle my ups and downs as an entrepreneur living in Manhattan.

Naval is incredibly well read and inspiring on so many levels– https://en.wikipedia.org/wiki/Om (Definition of Om) Naval dude you should know this one 😉 So much love to both of you Yanti

Chris Fetterly
Chris Fetterly
8 years ago

Tim, by far this is now my favorite episode. Naval is incredibly well spoken and insightful. I loved his takeaway on the skill of learning as a meta-skill, his thoughts on education and his evolutionary approach to life. I went into this episode expecting to learn tidbits about the angel investing world and how a small fry like myself could get involved with AngelList. Fifteen minutes into the episode I couldn’t care less about start ups; I was enraptured by everything he had to say. This podcast resonated deeply with me and the book recommendations are fantastic. Thanks for bringing Naval onto the show, for a future follow up, perhaps a group conversation with Naval and Josh!

kevinpbrennan
kevinpbrennan
8 years ago

Ironic but true, on my most influential books:

– Siddhartha is the book I think to the most.

– 4HWW, 4HB, and 4HC by one Tim Ferriss are the two books I reference the most.

– to add one more to the mix: Christopher Reeve’s “Still Me” really taught me to understand gratitude and working with a problem, at a profound level.

Kevin

Riley
Riley
8 years ago

Tim,

I’m an avid reader – love all the book suggestions. The book that changed my life is “Living at Nature’s Pace” by Gene Logsdon.

Jeremey DuVall
Jeremey DuVall
8 years ago

Awesome podcast Tim! Naval had some really enlightening points.

Books that have impacted me most (so far):

– Stumbling on Happiness

– A More Beautiful Question

gbell12
gbell12
8 years ago

Book that most changed me: The Joy of Not Working by Ernie Zelinski. It taught me there were other acceptable things I could do with my time than go to a job.

RON
RON
8 years ago

Amazon should thank Naval and yourself for the 9 books I just purchased. I’m not including the ones I had sent to my phone as kindle books. Thanks for the great podcasts.

Vernon Briggs
Vernon Briggs
8 years ago

The History of Civilization by Will and Ariel Durant. This series was supposed to be one book that turned into twelve and became a national treasure. If you combine the feeling right after dining on the best tasting food in the world and writing that is gifted by a higher power…that is how you will feel after reading each paragraph.

Ben
Ben
8 years ago

I agree with the sentiment expressed here already, as someone who listens to damn near every podcast, this is immediately one of my all time favorites.

Props to Naval for being such a grounded human being, it’s inspiring.

Thanks for putting it together Tim!

annettesun
annettesun
8 years ago

Best. Podcast. Ever!

Please do a repeat four or five times. Please, please, please.

Yes, on film is too slow. One can read many multiples of how quickly someone can speak.

Clearly thinking deeply, ““Desire is a contract you make with yourself to be unhappy until you get what you want.” – Naval Ravikant

Favorite current book: The Inner Matrix

by Joey Klein

Book given away the most: The Miracle of Mindfulness

by Thich Nhat Hanh

Favorite ancient texts: The Vedas

Favorite book just started, The Power of Purity

compilation of Mohanji’s lectures

LOVED LOVED LOVED the podcast – brilliance is as brilliance does. Thank you for a superb interview and the most in-depth responses I’ve heard (and I had the first spiritual interview radio show on the internet back on BTR when it first came out, I’m not without experience doing / listening to these). Loved. Best. Ever.

naval
naval
8 years ago
Reply to  annettesun

Thank you. To be clear, the observation about desire being a contract with oneself is not an original one (few ideas are). I picked it up from a now-gone blog called “Delusion Damage.” And its author likely picked it up or distilled it from ages-old Buddhist wisdom.

annettesun
annettesun
7 years ago
Reply to  naval

I have a guru, Mohanji (dot org) who would be in agreement with the observation.

madhanskumar
madhanskumar
8 years ago

Hi Tim, this is first time i am listening to your podcast. Truly amazing. Have added yours to my list of listening. Great call with Ravikant. But i am surprised being an Indian, why Ravikant do now know what “Om” means.

frederikogsundheden
frederikogsundheden
8 years ago

Tao te ching – Lao tzu. The Stephen Mitchell translation if you are an english speaker.

Best book I have ever read.

naval
naval
8 years ago

Very pithy. I tried to “compress” the wisdom in Tao Te Ching further and found that I could not.

arnopaula
arnopaula
8 years ago

Ekhart Tolle’s The Power of Now is a small and great book to train your mind.

He provides very understandable and enjoyable perspective on meditation and observing ones mind and becoming more present and relieving anxiety. The book as well as Ekhart’s lectures (search on Youtube) have been a great resource for me to learn about mindfulness (for the lack of a better word) and controlling ones mind. Naval was referring to the importance of the quality if the mind and improving ones thinking many times. Especially, the mention on making cognitive biases work for your advantage is very interesting. Powerful way of thinking indeed.

This was a great episode. Thanks so much for having a podcast with such amazing people. I’m a big fan.

naval
naval
8 years ago
Reply to  arnopaula

Power of Now is very good. Gets a bit mystical near the end, but I confess that I had a hard time finishing it (but it’s one of the few that I did finish recently).

André
André
8 years ago

My Question about investing is a Real World Example:

Lets say: a 30 year old guy with no experience in investing, no debts and a few thousand Dollars in the Bank, where should he start?

Of course reading, and he already worked through the “Rich Dads” Series and stuff but still: is it smart to invest early with smaller sums or first built and extend the bank roll?

naval
naval
8 years ago
Reply to  André

Given your situation, it’s better to be an operator than an investor. Start a business – something that you know deeply and well. Be prepared to sink your life into it. It’s ultimately more rewarding, anyhow, and once you’ve gotten a taste of working for yourself, you’ll never go back.

trainwithkj
trainwithkj
8 years ago

One of the most influential books is One the Road by Jack Kerouac.

Peter
Peter
8 years ago

Answer to Question of the Day: I would love to hear you interview someone from the Impact Investment space, to hear their thoughts on how the great perspectives and attitudes from the VC and startup space can be applied to aggressively have a positive impact on those who need it most.

Ramón
Ramón
8 years ago

Thank you so much for the Podcast Tim, This one was one of the Best ever. I’m on the second round and I will listen much much more times.

Book that Changed me Most: Unlimited Power (T.Robbins). Not only by the book itself, but all that came after the book with the Work of Tony changed change my life in a way that I never dreamed of.

Books that I come back again and again: Ultimate Sales Machine (Chet Holmes) on my quest for my business be stronger an better and Four Hour Workweek on my quest to work smarter and break the time equals money that mostly still runs my life.

By the way, Sapiens also is the best book of last year for me. It was recommended to me by Ferran Adriá and on his words “I have understand everything after read it”

Thanks Tim for being there all the time.

Alberto
Alberto
8 years ago

For those who hate alarm clocks, there are applications for Android (and I suppose iOS too) like “Gentle alarm” from mobitobi (they also have another apk, both have trial versions but full is paid) that has a pre alarm with a very low sound. The idea is that you will only listen to the low sound if you are not in deep sleep so you wake up easier and in better state. Not perfect but it helps and does not feel like a hammer in your head like alarm clocks.

Alberto
Alberto
8 years ago
Reply to  Alberto

This one looks similar and there is a free and paid version

Smart Alarm Free (Alarm Clock) by TanyuSoft

RajBapna
RajBapna
8 years ago

Book recommendation: Rajneesh Bible:1985 (by Osho). I read this book maybe 50 times when I lived in San Diego, CA, and then one day it happened — all my questions dropped.

Nathan
Nathan
8 years ago

QUESTION(S) OF THE DAY: What do you still want to know about investing, whether in startups or elsewhere?

How does one invest in startups if not an “accredited investor” (i.e., already rich) and not connected to the startup scene? I hear/read a lot about the founder team being one of the most important aspects of successful startup investing. How does an outsider get access to the founding team and other info to do proper due diligence and independent valuations? What are good books, articles, blogs, and other resources to learn more (David Rose’s book was great!)? I’m looking for a way to diversify my investments and start making some real money to get out of the worker drone lifestyle and pay off student loan debt. Startup investing seems like a good way to do this. Yes, it’s risky and not more than 5-10% of investable assets should be allocated, but some real returns can be gained if done right.

naval
naval
8 years ago
Reply to  Nathan

There’s a good lesson on http://futureinvestor.co/

Isaac
Isaac
8 years ago

Epic interview – loved it. Highly influential book for me Hatchet (novel) by Gary Paulsen. Great book that made me want to read more.

jeffreystafford
jeffreystafford
8 years ago

Great poscast. Favorite book: A prayer for Owen Meany by John Irving. Tim – dump the f bombs. Doesnt add anything to presentation. In fact, it takes away.

johncronin3
johncronin3
8 years ago

Great podcast. The book that influenced my life was actual a book excerpt I read in my college freshman English class. It changed the way I consumed books and also how I learned. It is How to Mark a Book by Mortimer Adler. (http://goo.gl/6avFHY). This short passage dovetails nicely with comments Tim and Naval made.

After reading this I took almost all of my school notes in my text books. I found I was MUCH more efficient at learning because if this.

Now every physical book I read I fill the pages with notes, and now with Kindle and Instapaper I use this digital markups. With Audible I use the bookmarks and notes. When I go back years later to read a chapter I pick up where i left off and often add even more notes.

Jim-Bob Ford
Jim-Bob Ford
8 years ago

Ciao Tim, another cracker, thank you. Siddhartha was my favourite book too but seen as that was mentioned I’d say The Way of the Superior Man by David Deida. Great for understanding the difference between men and women, a pretty important skill in life!

naval
naval
8 years ago
Reply to  Jim-Bob Ford

Re: Deida’s book – I’m a fan as well.

Jeff Martin
Jeff Martin
8 years ago

Best interview yet. I have read, noted and marked up, and rebought Prophetic Charisma: The Psychology of Revolutionary Religious Personalities by Len Oakes.

Avi Das
Avi Das
8 years ago

Clarity of expression, and clarity of observation. Lots to learn from Naval. “Man’s search for meaning” would be my book that had the most impact lately.

JD
JD
8 years ago

Sorry he lost me when he says the Amercian is not obtainable when a boy brought here from India by a single mother reaches his heights…did he do that in another country and come back…because I missed that…I would rather continue the kettle bell vs bad bad debate…

Mike Voss
Mike Voss
8 years ago

Book that I got the most from: Too Soon Old, Too Late Smart by Dr. Gordon Livingston. Trust me on this one.

JD
JD
8 years ago

Drop an important word…Dream…when he states the Amercian Dream … Sorry speed typing

alex panican
alex panican
8 years ago

Best podcast I’ve listen so far ! Thanks Tim for building so much value with your interviews.

Ben Mathews
Ben Mathews
8 years ago

Hey Tim, Hey Naval,

Can you share Navals daily workout that he praised again and again. It would be super helpful. Great episode. Thanks.

Ben

Jacob Kneeshaw
Jacob Kneeshaw
8 years ago

I’m online all day but I don’t think I’ve bothered commenting on a blog in 5+ years.

@Tim – Thank you for putting this together and asking the right questions. Big fan of the show, but this episode is head and shoulders above the rest. More like this please.

@Naval — Your enthusiasm for reading infectious. I can’t even count how many times I’ve been stuck on the same boring book for weeks, feeling obligated to finish what I started. Thank you for giving me permission to drop them and move on to something more interesting. This isn’t the first time I’ve been exposed to this concept, but it really registered with me this time. Again, thank you.

naval
naval
8 years ago
Reply to  Jacob Kneeshaw

Thanks! Easy to say, hard to do.

Another hack – if you really want to remember something you’ve read, go explain it to someone else. It’s only when I’m forced to absorb and re-articulate something that I remember it.

In that sense, I’m sure that almost every pithy phrase that I used in the podcast is lifted and re-phrased from some book or blog ages ago.

Mike Adams
Mike Adams
8 years ago

Sleep Time app by Azumio is a decent way to wake up in the morning…gently brings you out of your sleep at the right time. Have a look.

Great podcast!

Dan pfister
Dan pfister
8 years ago

Great podcast!

great book that really influenced me is

the structure of scientific revolutions

Ash Ryan
Ash Ryan
8 years ago

Favorite books:

Atlas Shrugged by Ayn Rand

The Lagoon: How Aristotle Invented Science by Armand Marie Leroi

Life Ascending: The Ten Great Inventions of Evolution by Nick Lane

The Rational Optimist by Matt Ridley

I could go on at length, but I’ll list just one more I listened to on audio recently that blew me away:

Work Like da Vinci by Michael Gelb

Diana Joseph
Diana Joseph
8 years ago

Oh my gosh, I think I am spending way too much time simply reading the comments from all these lovely like minded people, need to meet some of you in daily life here in Central Florida.

Tim, I don’t often write reviews , but your podcast has absolutely changed and enriched my life, thank you, you are a one in a million, when I hear people like you or some of your guests like Naval, or the Evernote guy, (sorry I can’t remember his name this instant), or Sam Harris, I think, when are we going to live in a world where we can attract these types of great thinkers to become our leaders, politics is just not going to attract naturally these types of people, but we are doomed if we don’t.

Thank you from the bottom of my heart, I could have listened to this interview forever and was sad when it ended, such a wealth of information from you two!!

Definitely a fantastic read which has been mentioned so much is the war of art by Stephen pressfield. Short but very profound, Also, I have to say I agree with the person who said Rod Stryker’s book, Rod is the real deal as a yoga teacher and human being, would be great if Tim interviewed him.

Also, any book by Adyashanti will open your mind, I know he was mentioned in Tara’s podcast, (which I absolutely loved and thank you Tim for that gift as I have been listening to her guided meditations), he is such a gift, so smart, pure and really an amazing modern day teacher, his books and online courses have helped me tremendously. I really can’t say enough good about him, truly!

Also ‘aum’ absolutely has so much meaning… it’s unreal one can read books just on the symbolism and meaning of this most ancient and wonderful syllable. Definitely worth reading about, learning and incorporating into your life, aum changes everything and is everything in a way..

Oh, and finally, like everyone else, very curious on the morning exercise routine that both Tim and Naval seem to partake in

Namaste

Diana

naval
naval
8 years ago
Reply to  Diana Joseph

Aum does have some (debated) meanings, but I’m just hacking it right now to remind myself to “accept” – that’s the reminder I need the most. Feel free to put in your own.

David R Munson
David R Munson
8 years ago

My book of choice: “The Un-TV and the 10mph Car” by Bernard McGrane

It’s a book of personal experiments in de-socialization and I can credit it as a turning point in my thinking about the world and how I fit into it. A fascinating read, and potentially revolutionary on a personal level if you take part in the experiments yourself. Unfortunately, it seems to be out of print, but there are used copies out there for very reasonable prices. Really hoping the put out a Kindle version at some point.

MIchael Hennessy
MIchael Hennessy
8 years ago

Charles Taylors’ “The Ethics of Authenticity” is a meditation on how beauty, democracy, and modernity effect Western folks. A little heady, but Taylor is extremely smart and explores these issues conscientiously and concisely.

Naval: you might especially like this.

David R Munson
David R Munson
8 years ago

Oh, and an alarm clock app recommendation: Sleep Cycle. You put your phone on your bed, face-down, and it uses the accelerometers to monitor your movement in bed. It attempts to wake you when you’re sleeping very lightly or very close to waking up naturally anyway.

Venkat Kaushik
Venkat Kaushik
8 years ago

We learn things through trail and error. If we try, only then their are error and the scope of rectifying it. Road to happiness does have many unhappy potholes.

rsangole
rsangole
8 years ago

Tim,

Firstly, thank you so much for doing these podcasts. You’ve been doing a cracking job churning these out so regularly for us listeners!

Secondly, this podcast has been – by far – one of the best. It is my new all time favourite! Chock full of practical useful advice, a great book list and some bloody good conversation.

Cheers!

Rahul

AJ
AJ
8 years ago

two books in one: As a Man Thinketh and From Poverty to Power by James Allen. 1903.

Devin
Devin
8 years ago

What is the workout that Navil was referring to, the one with the 20lb dumbbells?

Drew Schwartz
Drew Schwartz
8 years ago

Book I keep going back to is Balthasar Gracian’s The Art of Worldly Wisdom.

Drew Schwartz
Drew Schwartz
8 years ago
Reply to  Drew Schwartz

aka The Pocket Oracle and Art of Prudence

Kegan
Kegan
8 years ago

Into The Wild by Jon Krakauer. This was one of the first books that helped distill some of thoughts on society’s missteps and alternative ways of living. It also helped reconcile some of the angst of growing up, and is still a valued resource it times of existential crises.

Alex
Alex
8 years ago

Easily one of my favorite episodes- thanks Tim and Naval!

Tim- you weren’t the only one to immaturely laugh at the “finger” comment. 🙂

In addition to all the fantastic recommendations on the show and in the comments, I would add “The Monk and the Riddle” by Randy Komisar and “Seeking Wisdom: From Darwin to Munger” by Peter Bevelin.

naval
naval
8 years ago
Reply to  Alex

The “finger” comment was meant as a single entendre, not a double…

awagen85
awagen85
8 years ago
Reply to  naval

Yes, and it was part of an important comment on your part, too- my apologies at such an immature interpretation!

Two quick additional comments:

– If you like biographies, you should check out Robert Massie’s book on Peter the Great (and perhaps skip the first chapter or two.)

– Ryan Holiday sends out a monthly newsletter of interesting/eclectic reading recommendations that I think is worth checking out: http://ryanholiday.net/reading-newsletter/.

Cory Brickner
Cory Brickner
8 years ago

I read The Alchemist, by Paulo Coelho for the first time some 20 years ago and it changed the direction of my life. It made me realize that how I was living my life was not fulfilling it. [Moderator: link removed]

Tim, this episode with Naval is one of your best! I will be listening to it again. There is so much great info here, it will take months to digest it all. You have friends and acquaintances that the average person could never dream of, and I appreciate your podcast and sharing that knowledge with all of us. Thank you!

Mark Heath
Mark Heath
8 years ago

Hi Naval … I loved this book: “Losing the Moon” by Byron Katie. It could be interpreted as a little different and controversial :0)

naval
naval
8 years ago
Reply to  Mark Heath

Byron Katie has some good messages. I was just slightly put off that she wasn’t clearly acknowledging her (largely Buddhist) sources and re-branding things. But I may just be completely wrong here and not giving her a chance. Whatever gets the word out is good.

Andrew Kendall
Andrew Kendall
8 years ago

Richard P. Feynman’s QED The Strange Theory of Light and Matter. Why? Because it is the clearest explanation of a difficult subject that I know. Can be read in four hours. Truly enlightening.

naval
naval
8 years ago
Reply to  Andrew Kendall

And of course, “Six Easy Pieces” 🙂

Witek
Witek
8 years ago

Hi both,

Thank you for such a lovely, positive conversation. It made me smile several times.

It’s difficult to single out one book but “A Fortune-Teller Told Me: Earthbound Travels in the Far East” by Tiziano Terzani is special to me.

I picked it up in 2009 from a dusty shelf in a tiny guest-house on the Caribbean coast of Colombia (exchanging it for a copy of something I don’t remember any longer) and kept it in my backpack, where space was at a premium, as the extra book for many more months of travels.

Thanks to this book, I discovered the word “vipassana” so that when I heard it again almost a year later in India, I was primed and jumped on the opportunity to do the 10-day meditation course. This in turn has shown me a different, more difficult but possibly also more durable, path than the tea shown to me by an indigenous tribe in the Amazon.

As is often the case, it was about timing.

naval
naval
8 years ago
Reply to  Witek

Same book, different time in our lives, is a different book.

Nikita Che
Nikita Che
8 years ago

Can’t name a book that has changed my life. Reading is a continuous process. As atoms thoughts are turning into words, words into books, books into references. Reading changes life. This episode is probably the best so far. Naval is deep.

naval
naval
8 years ago
Reply to  Nikita Che

Good answer. JL Borges is one of my favorites, and he often said that one cannot separate the reader and novel – his parable, “Pierre Menard, Author of the Quixote” is exactly about that.

nipul
nipul
8 years ago

I think he was genuine on the answers. Not just giving the answers to make himself look great. Great questions with better answers.

John Dunn
John Dunn
8 years ago

Tim & Naval –

I took a cursory look thru the comments below but didn’t see a post: would you be able to share the “morning mobility training” (routine) that you guys discussed in the podcast. I’ve googled a few on-line, but would welcome one which either/both of you advocate. Thanks!

naval
naval
8 years ago
Reply to  John Dunn

I think Tim will bring Victor onto the podcast, so I won’t steal Tim’s thunder…

Steven silva
Steven silva
8 years ago

The books that most influenced me are The kid stays in the picture, and the Count of Monte cristo

naval
naval
8 years ago
Reply to  Steven silva

I loved the Count of Monte Cristo. Even better, check out “The Stars My Destination” by Alfred Bester – it starts out like a Sci-Fi remake of Dumas’ classic, but has its own, interesting message.

Priya Prakash
Priya Prakash
8 years ago

Thank you Tim & Naval. First time listening and have listened to this episode twice. Going to get all the book recommendations and also a Kindle. Great life + knowledge hacks throughout. Made my day 🙂

Per-Erik Persson
Per-Erik Persson
8 years ago

Hi Tim, awesome podcast, again, big thanks! I missed the links to Krishnamurtis book, Naval recommended one I can’t seem to remember the title (and there’s many).

naval
naval
8 years ago

I recommend starting with “The Book of Life” and moving to “Total Freedom” or “Think on These Things” after that. Krishnamurti is a very difficult read, since he uses words very precisely, when we have become sloppy. I.e., we use “love” to mean many things, including “attachment.” He also tries hard to be Socratic – to get you there on your own, as he knows that you cannot truly internalize and learn from the authority of others. It took me many re-readings before he started making complete sense to me.

He may not speak to you. If not, Illusions (Richard Bach), Meditations, the Tao Te Ching, Power of Now, and others touch upon the same topics with different voices.

But for me, Krishnamurti towers above the rest. He is very rational and very uncompromising. His work is more about truth and self-awareness than it is about happiness.

For example, writing this comment doesn’t necessarily make me happier. It brings forth my ego and strengthens the self. But at least I’m more aware of it than I used to be.

Välbefinnande
Välbefinnande
8 years ago

I would really like to know more about that morning routine – are you saving it until you can get “Victor” on the show? or is it something you can share?

Chris Hutchens
Chris Hutchens
8 years ago

Man’s Search for Meaning by Viktor E. Frankl

Scott
Scott
8 years ago

Tough question on which book changed, or helped me the most, there have been many greats, but one that had a massive influence on me early on, introducing me to a wide range of skills and knowledge, as well as providing a lot of guidance on how to live- The Boy Scout Handbook.

Dave
Dave
8 years ago

I would also like to jump on the “What is the workout” bandwagon. That point really stuck in my head.

been listening for ~6mos now and the last month’s worth of podcasts have been Awesome. Not that you don’t have other greats, but they have ALL been awesome lately.

abigail179
abigail179
8 years ago

This was so good. I have no idea what I would do without your podcast Tim. So much inspiration – it keeps me going! Thank you!

Ritu Raj
Ritu Raj
8 years ago

Great podcast, both of you together make such a great pair.

Monieka
Monieka
8 years ago

Book I’ve read 5 times: Reflections on the Art of Living, A Joseph Campbell Companion. Selected and edited by Diane Osbon. Very interesting book which starts: “in 1984 Joseph Campbell and 10 students gathered in Big Sur, California to immerse themselves in an intensive exploration of the mythological dimension” This book is a compilation of that 30 day adventure.

Tim: great podcast. I listen always. Naval had a lot of interesting things to say. I shared with about 5 people whom I thought would enjoy.

Scott E Hardy
Scott E Hardy
8 years ago

Everything I learned from this podcast had nothing to do with investing – which was to my great pleasant surprise! What I got most out of this interview is about the true definition of success. Listen to find out. Great life lessons and learnings.

– Scott

naval
naval
8 years ago
Reply to  Scott E Hardy

Thank you. Likewise, most of what we all learn in life is not about our vocation. The work is just a means to an end. The more interesting questions to ponder are the ones that clearly have no answers.

Ritu Raj
Ritu Raj
8 years ago

Computers and Cognition by Terry Winograd and Fernando Flores

mike
mike
8 years ago

Hi,

Very insightful and thought provoking podcast thanks

I know I need to read more as I have a hunger for knowledge.

But like a lot of people so little time so much to do

So I listen to Audible books,but somehow I feel that I am cheating,am I being to harsh on myself? after all Tim’s podcasts are an auditory mind feast

Keep em coming

Best wishes

Mike

England

naval
naval
8 years ago
Reply to  mike

There is no single path to knowledge, so however you best absorb it is fine – video, audio, books. I just prefer books since, as a medium, it’s as old as civilization, and the timeless works are generally books (or audio books). The bar for video is a lot higher.

Brandon
Brandon
8 years ago

Did anyone catch the name of the person who the suffering quote is attributed to? Something along the lines of Christian Amorty… I’ve tried several variations on Google (emory, le murdy, etc.), but I can’t seem to figure out who he is. Mentioned at 1:15:40 and again at 1:21:55

Thanks!

naval
naval
8 years ago
Reply to  Brandon

The quote is a reworking from a long gone blog called “Delusion Damage.”

The author that I was recommending is a different character, J Krishnamurti. Be warned, he can be very difficult to follow, but if you’d like to plunge ahead, start with “The Book of Life.”

Tracy Weaver
Tracy Weaver
8 years ago

Excellent podcast, Naval was great. Felt like I was drinking from a firehose of knowledge, I can only imagine the after hours chats between you both.

Recommended Books:

I know Naval is not a fan of ‘business’ books, but a short read that delivers a great idea worth noting is The Game of Work (Coonradt). It’s a foundational book I give to all of my startup clients, and a great mental reboot for more seasoned business owners and managers.

In LA there is what is called the “Lake Shrine” which I highly recommend a visit to for an afternoon when you feel the need to center yourself or a surprise romantic walk with a significant other (you are welcome). There is a bookstore that carries a series of ‘How to Live” guides written by Paramahansa Yogananda (Autobiography of a Yogi). The How to Live series is comprised of small pamphlets of essays covering various teachings on living life in a spiritually harmonious way.

I hope that was an adequate quid pro quo and I returned some value, now, I am off to buy my presto table top grill. 🙂

John
John
8 years ago

Another amazing podcast, thanks. The workout mentioned using 20 lb weights at home that “Victor” prescribed to Naval. How can we get more details on that routine. No more driving to the gym!

Nishant Kapoor
Nishant Kapoor
8 years ago

Awesome podcast. Thank you!

you forgot this book –

The Book of Life: Daily Meditations with Krishnamurti

[Moderator: link removed]