Alle afleveringen
161 afleveringen, van nieuw naar oud
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Work the Least for It
19 februari 2020 · 2 min
Happy people don't have to work as hard. Lees meer
Transcript: http://nav.al/least
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Being Unhappy Is Very Inefficient
17 februari 2020 · 2 min
If you're a driven, unhappy person, your mind will be on 24/7. Lees meer
Transcript: http://nav.al/inefficient
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If You're So Smart, Why Aren't You Happy?
12 februari 2020 · 3 min
You can increase your happiness without losing your drive. Lees meer
Transcript: http://nav.al/smart
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Desire Is a Contract You Make to Be Unhappy
10 februari 2020 · 1 min
Happiness is returning to a state where nothing is missing. Lees meer
Transcript: http://nav.al/desire
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Happiness Is a Skill You Can Develop
3 februari 2020 · 1 min
You're not stuck at your current level of happiness. Lees meer
Transcript: http://nav.al/skill
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Happiness Is Not Science or Math
28 januari 2020 · 1 min
Happiness is more like poetry than algorithms. Lees meer
Transcript: http://nav.al/math
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Happiness Without Material Comfort Is Playing on Hard Mode
28 januari 2020 · 2 min
It's easier to fulfill your material desires than to renounce them. Lees meer
http://nav.al/material
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Live Long Enough and You'll Become a Philosopher
25 januari 2020 · 2 min
This podcast is a practical philosophy of health, wealth and happiness. Lees meer
Transcript: https://nav.al/philosopher
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How to Get Rich: Every Episode
10 december 2019 · 3 uur 36 min
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." Lees meer
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 Know How to Get 31:01
The Internet Has Massively Broadened Career Possibilities 33:44
Play Long-term Games With Long-term People 38:23
Pick Partners With Intelligence, Energy and Integrity 44:24
Partner With Rational Optimists 49:09
Arm Yourself With Specific Knowledge 54:34
Specific Knowledge Is Highly Creative or Technical 1:00:53
Learn to Sell, Learn to Build 1:06:24
Read What You Love Until You Love to Read 1:10:59
The Foundations Are Math and Logic 1:12:00
There's No Actual Skill Called "Business" 1:16:48
Embrace Accountability to Get Leverage 1:20:06
Take Accountability to Earn Equity 1:25:37
Labor and Capital Are Old Leverage 1:30:06
Product and Media are New Leverage 1:35:01
Product Leverage is Egalitarian 1:39:42
Pick a Business Model With Leverage 1:44:56
Example: From Laborer to Entrepreneur 1:50:51
Judgment Is the Decisive Skill 2:01:15
Set an Aspirational Hourly Rate 2:07:41
Work As Hard As You Can 2:11:26
Be Too Busy to "Do Coffee" 2:16:34
Keep Redefining What You Do 2:20:38
Escape Competition Through Authenticity 2:22:41
Play Stupid Games, Win Stupid Prizes 2:28:17
Eventually You Will Get What You Deserve 2:30:53
Reject Most Advice 2:35:00
A Calm Mind, a Fit Body, a House Full of Love 2:37:55
There Are No Get Rich Quick Schemes 2:42:02
Productize Yourself 2:46:42
Accountability Means Letting People Criticize You 2:48:55
We Should Eventually Be Working for Ourselves 2:55:33
Being Ethical Is Long-Term Greedy 2:56:58
Env…
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How to Angel Invest, Part 1
17 november 2019 · 39 min
Excerpted from the Spearhead podcast: http://spearhead.co
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Externalities: Calculating the Hidden Costs of Products
31 juli 2019 · 2 min
Externalities let you account for the true cost of products by including hidden costs like environmental damage. Lees meer
• 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
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Net Present Value: What Future Income Is Worth Today
29 juli 2019 · 1 min
Calculate what future income is worth today by applying a discount to its future value. Lees meer
• Figure out what future income is worth today by applying a discount rate 0:00
Transcript: http://nav.al/npv
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Consumer Surplus: Getting More Than You Paid For
25 juli 2019 · 1 min
A lot of people are willing to pay more than what companies charge. Lees meer
• Consumer surplus is the extra value you get when you pay less than you were willing 0:00
Transcript: http://nav.al/surplus
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Price Discrimination: Charge Some People More
23 juli 2019 · 1 min
You can charge people for extras based on their propensity to pay. Lees meer
• 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
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Compounding Relationships Make Life Easier
19 juli 2019 · 2 min
Life gets a lot easier when you know someone's got your back. Lees meer
• 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
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Turn Short-Term Games Into Long-Term Games
15 juli 2019 · 3 min
Improve your leverage in negotiations by turning short-term relationships into long-term ones. Lees meer
• 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
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Schelling Point: Cooperating Without Communicating
12 juli 2019 · 2 min
People who can't communicate can cooperate by anticipating the other person's actions. Lees meer
• 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
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Kelly Criterion: Avoid Ruin
10 juli 2019 · 2 min
Don't ruin your reputation or get wiped to zero. Lees meer
• 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
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Principal-Agent Problem: Act Like an Owner
8 juli 2019 · 7 min
If you think and act like an owner, it's only a matter of time until you become an owner. Lees meer
• A principal is an owner; an agent is an employee 0:00
• A principal's incentives are different than an agent's incentives 1:08
• If you can work on incentives, don't work on anything else 2:15
• When you do deals, it's better to have the same incentives 3:15
• If you're an employee, your most important job is to think like a principal 4:05
• Deal with small firms to avoid the principal-agent problem 5:29
Transcript: http://nav.al/principal-agent
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Envy Can Be Useful, or It Can Eat You Alive
28 juni 2019 · 3 min
Envy can give you a powerful boost, or it can eat you alive if you let it follow you. Lees meer
• Suffering through the wrong thing can motivate you to find the right thing 0:00
• Being a lawyer was not what I was meant to do 1:14
• Envy can be useful or it can eat you alive 2:28
Transcript: http://nav.al/envy
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Being Ethical Is Long-Term Greedy
26 juni 2019 · 3 min
If you cut fair deals, you will get paid in the long run. Lees meer
• Ethics isn't something you study; it's something you do 0:00
• Trust leads to compounding relationships 0:51
• Being ethical attracts other long-term players 1:19
• Being ethical is long-term greedy 1:58
• If you cut fair deals, you will get paid in the long run 2:40
Transcript: http://nav.al/ethics
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We Should Eventually Be Working for Ourselves
24 juni 2019 · 4 min
The goal is that we are eventually wealthy and working for ourselves. Lees meer
• This advice is for anybody who wants to be entrepreneurial 0:00
• Middle age can be the most fruitful time to apply this advice 0:48
• Look up the value chain to find leverage 1:58
• You will do better in a small organization 2:43
• The goal is that we are all working for ourselves 3:25
Transcript: http://nav.al/target-audience
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Accountability Means Letting People Criticize You
21 juni 2019 · 4 min
Misunderstanding accountability, and other mistakes on the path to creating wealth. Lees meer
• Accountability means letting people criticize you 0:00
• The most interesting parts should be the ones you disagree with 1:06
• Get the free leverage that's available in tech 1:53
• Not doing things because other people can't do them is living in denial 2:21
• Realize your philanthropic vision by running a business 2:54
Transcript: http://nav.al/common-mistakes
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How to Get Rich: Every Episode
2 juni 2019 · 3 uur 36 min
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." Lees meer
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 Know How to Get 31:01
The Internet Has Massively Broadened Career Possibilities 33:44
Play Long-term Games With Long-term People 38:23
Pick Partners With Intelligence, Energy and Integrity 44:24
Partner With Rational Optimists 49:09
Arm Yourself With Specific Knowledge 54:34
Specific Knowledge Is Highly Creative or Technical 1:00:53
Learn to Sell, Learn to Build 1:06:24
Read What You Love Until You Love to Read 1:10:59
The Foundations Are Math and Logic 1:12:00
There's No Actual Skill Called "Business" 1:16:48
Embrace Accountability to Get Leverage 1:20:06
Take Accountability to Earn Equity 1:25:37
Labor and Capital Are Old Leverage 1:30:06
Product and Media are New Leverage 1:35:01
Product Leverage is Egalitarian 1:39:42
Pick a Business Model With Leverage 1:44:56
Example: From Laborer to Entrepreneur 1:50:51
Judgment Is the Decisive Skill 2:01:15
Set an Aspirational Hourly Rate 2:07:41
Work As Hard As You Can 2:11:26
Be Too Busy to "Do Coffee" 2:16:34
Keep Redefining What You Do 2:20:38
Escape Competition Through Authenticity 2:22:41
Play Stupid Games, Win Stupid Prizes 2:28:17
Eventually You Will Get What You Deserve 2:30:53
Reject Most Advice 2:35:00
A Calm Mind, a Fit Body, a House Full of Love 2:37:55
There Are No Get Rich Quick Schemes 2:42:02
Productize Yourself 2:46:42
Accountability Means Letting People Criticize You 2:48:55
We Should Eventually Be Working for Ourselves 2:55:33
Being Ethical Is Long-Term Greedy 2:56:58
Env…
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Productize Yourself
24 mei 2019 · 2 min
Figure out what you're uniquely good at and apply as much leverage as possible. Lees meer
• Figure out what you're uniquely good at and apply as much leverage as possible 0:00
• Find hobbies that make you rich, fit and creative 1:07
Transcript: http://nav.al/productize-yourself
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There Are No Get Rich Quick Schemes
23 mei 2019 · 5 min
Get rich quick schemes are just someone else getting rich off you. Lees meer
• There are no get rich quick schemes 0:00
• We don't have ads because it would ruin our credibility 0:56
• Every founder has to lie to every employee 2:02
• Anyone giving advice on how to get rich should have made their money elsewhere 3:02
Transcript: http://nav.al/rich-quick
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A Calm Mind, a Fit Body, a House Full of Love
21 mei 2019 · 4 min
When you're finally wealthy, you'll realize it wasn't what you were seeking in the first place. Lees meer
• When you're wealthy, you'll realize it wasn't what you were seeking 0:00
• A calm mind, a fit body and a house full of love must be earned 1:00
• Practical advice for a calmer internal state 1:52
• A lot of divorces happen over money, a lot of battles happen over internal anger 3:14
Transcript: http://nav.al/finally-wealthy
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Reject Most Advice
20 mei 2019 · 3 min
Most advice is people giving you their winning lottery ticket numbers. Lees meer
• The best founders listen to everyone but make up their own mind 0:00
• Advice is maxims you can recall later, when you get your own experience 1:29
Transcript: http://nav.al/reject-advice
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Eventually You Will Get What You Deserve
19 mei 2019 · 4 min
Apply specific knowledge with leverage and eventually you will get what you deserve. Lees meer
• On a long enough time scale you will get paid 0:00
• What are you really good at that the market values? 1:59
Transcript: http://nav.al/deserve
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Play Stupid Games, Win Stupid Prizes
17 mei 2019 · 3 min
Competition will blind you to greater games. You're one step away from a better market. Lees meer
• Businesses that seem like they're in direct competition really aren't 0:00
• My first company got caught up in the wrong game 1:23
Transcript: http://nav.al/stupid-games
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Escape Competition Through Authenticity
16 mei 2019 · 6 min
Competition can make you play the wrong game. No one can compete with you on being you. Lees meer
• Competition will trap you in a lesser game 0:00
• No one can compete with you on being you 1:27
• In entrepreneurship, the masses are never right 2:40
• Combine your vocation and avocation 3:45
Transcript: http://nav.al/competition-authenticity
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Keep Redefining What You Do
13 mei 2019 · 2 min
Become the best in the world at what you do. Keep redefining what you do until this is true. Lees meer
• Keep redefining what you do until you're the best at what you do 0:00
• Find founder-product-market fit 1:35
Transcript: http://nav.al/redefining
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Be Too Busy to "Do Coffee"
8 mei 2019 · 4 min
You should be too busy to "do coffee", while still keeping an uncluttered calendar. Lees meer
• Be too busy to "do coffee" while keeping an uncluttered calendar 0:00
• People will meet with you when you have proof of work 2:00
• Networking is overrated even early in your career 2:09
Transcript: http://nav.al/meetings
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Work As Hard As You Can
6 mei 2019 · 5 min
Work as hard as you can. Even though what you work on and who you work with are more important. Lees meer
• Work as hard as you can 0:00
• But what you work on and who you work with are more important 1:00
• Nobody really works 80 hours a week 2:22
• Inspiration is perishable 3:05
• Impatience with actions, patience with results 3:36
Transcript: http://nav.al/work-hard
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Set an Aspirational Hourly Rate
1 mei 2019 · 4 min
If outsourcing a task will cost less than your hourly rate, outsource it. Lees meer
• Set and enforce an aspirational hourly rate 0:00
• You can't penny pinch your way to wealth 1:27
• My aspirational rate was $5,000/hr 1:56
• If you can outsource something for less than your hourly rate, outsource it 2:57
• Your hourly rate should seem absurdly high 3:39
Transcript: http://nav.al/hourly-rate
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Judgment Is the Decisive Skill
29 april 2019 · 6 min
Everything we've discussed so far has been setting you up to apply judgment. Lees meer
• In an age of infinite leverage, judgment becomes the most important skill 0:00
• Everything else you do is setting you up to apply judgment 1:21
• Judgment is knowing the long-term consequences of your actions 2:40
• Without experience, judgment is often less than useless 3:15
• The people with the best judgment are among the least emotional 4:05
• A lot of the top investors often sound like philosophers 5:18
• The more outraged someone is, the worse their judgment 6:00
Transcript: http://nav.al/judgment
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Example: From Laborer to Real Estate Tech
26 april 2019 · 5 min
The continuum from laborer to real estate tech company goes from low accountability to high specific knowledge, accountability and leverage. Lees meer
• Laborers get paid hourly and have low accountability 0:19
• General contractors get equity, but they're also taking risk 1:20
• Property developers pocket the profit by applying capital leverage 2:14
• Architects, large developers and REITs are even higher in the stack 3:16
• Real estate tech companies apply the maximum leverage 4:05
Transcript: http://nav.al/laborer-tech
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Pick a Business Model With Leverage
22 april 2019 · 6 min
Ideally, you should pick a business model with network effects, low marginal costs and scale economies. Lees meer
• Scale economies: the more you produce, the cheaper it gets 0:00
• Zero marginal cost of reproduction: producing more is free 0:51
• Network effects: value grows as the square of the customers 1:34
• Network effect businesses are natural monopolies 2:26
• In a network effect, each new user adds value to the existing users 3:06
• Zero marginal cost businesses can pivot into network effect businesses 5:01
Transcript: http://nav.al/business-models
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Product Leverage Is Egalitarian
19 april 2019 · 5 min
Labor and capital are limited to the people who control those resources. But products reach global markets. Lees meer
• Product leverage is a positive-sum game 0:00
• Status goods are limited to a few people 0:57
• The best products tend to be targeted at the middle class 1:25
• Creating wealth with product leads to more ethical wealth 2:06
• You want to use the product that is used by the most people 3:06
• Capital and labor are becoming permissionless 4:24
Transcript: http://nav.al/egalitarian-leverage
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Product and Media Are New Leverage
17 april 2019 · 5 min
Product and media are the leverage of new wealth. Create software and media that work for you while you sleep. Lees meer
• Product and media are the new leverage 0:00
• Product leverage is where the new fortunes are made 0:55
• Combining all three forms of leverage is a magic combination 1:28
• Product and media leverage are permissionless 2:03
• The robots army is already here—code lets you tell them what to do 2:59
Transcript: http://nav.al/product-media
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Labor and Capital Are Old Leverage
15 april 2019 · 5 min
Wealth requires leverage. Labor and capital are older forms of leverage that everyone is fighting over. Lees meer
• Our brains aren't evolved to comprehend new forms of leverage 0:00
• Society overvalues labor leverage 1:08
• You want the minimum amount of labor that allows you to use the other forms of leverage 1:56
• Capital has been the dominant form of leverage in the last century 2:40
• You need specific knowledge and accountability to obtain capital 4:52
Transcript: http://nav.al/labor-capital
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Take Accountability to Earn Equity
13 april 2019 · 5 min
If you have high accountability, you're less replaceable and you can get a piece of the business. Lees meer
• Accountability is how you're going to get equity 0:00
• Taking accountability is like taking equity in all your work 0:29
• The downside of accountability is not that large 2:11
• Accountability is reputational skin in the game 4:30
Transcript: http://nav.al/accountability-equity
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Embrace Accountability to Get Leverage
11 april 2019 · 4 min
Embrace accountability. Society will reward you with leverage. Lees meer
• You have to have accountability to get leverage 0:00
• Take business risks under your own name 0:54
• A well-functioning team has clear accountability for each position 2:09
• People who can fail in public have a lot of power 3:47
Transcript: http://nav.al/accountability-leverage
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There's No Actual Skill Called Business
8 april 2019 · 6 min
There's no actual skill called business. Avoid business schools and magazines. Lees meer
• There's no actual skill called business 0:00
• Doing is faster than watching 0:55
• The number of "doing" iterations drives the learning curve 2:49
• If you're willing to bleed a little every day, you may win big later 3:53
Transcript: http://nav.al/skill-business
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The Foundations Are Math and Logic
5 april 2019 · 3 min
If you understand mathematics and logic, you have the basis for understanding everything else. Lees meer
• The ultimate foundations are math and logic: 0:00
• It's better to read a great book slowly than to fly through a hundred books quickly: 1:22
• Learn persuasion and programming: 2:08
Transcript: http://nav.al/math-logic
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Read What You Love Until You Love to Read
3 april 2019 · 5 min
You should be able to pick up any book in the library and read it. Lees meer
• Read what you love until you love to read: 0:00
• Read the original scientific books in a field: 1:44
• Don't fear any book: 2:43
• The means of learning are abundant, the desire to learn is scarce: 3:54
Transcript: http://nav.al/love-read
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Learn to Sell, Learn to Build
31 maart 2019 · 6 min
Learn to sell. Learn to build. If you can do both, you will be unstoppable. Lees meer
• Learn to sell, learn to build 0:00
• The Silicon Valley model is a builder and seller 1:07
• If you can do both you will be unstoppable 1:52
• I'd rather teach an engineer marketing than a marketer engineering 2:48
• Building is better when you're starting out, sales scales better over time 4:33
Transcript: http://nav.al/build-sell
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Specific Knowledge Is Highly Creative or Technical
28 maart 2019 · 6 min
Specific knowledge tends to be creative or technical. It's on the bleeding edge of technology, art and communication. Lees meer
• Specific knowledge can be taught through apprenticeships 0:00
• Specific knowledge is often highly creative or technical 0:45
• Specific knowledge is specific to the individual and situation 2:02
• You can't be too deliberate about assembling specific knowledge 3:01
• Build specific knowledge where you are a natural 4:44
Transcript: http://nav.al/creative-technical
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Arm Yourself With Specific Knowledge
25 maart 2019 · 6 min
Arm yourself with specific knowledge. It can't be trained but it can be found by pursuing your genuine curiosity. Lees meer
• Arm yourself with specific knowledge 0:00
• Specific knowledge can't be trained 1:47
• Specific knowledge is found by pursuing your curiosity 2:34
• Building specific knowledge will feel like play to you 3:53
Transcript: http://nav.al/specific-knowledge
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Partner With Rational Optimists
22 maart 2019 · 5 min
Don't partner with cynics and pessimists. Their beliefs are self-fulfilling. Lees meer
• Don't partner with pessimists 0:00
• Partner with rational optimists 1:20
• We're descended from pessimists 2:28
• BOCTAOE 4:13
Transcript: http://nav.al/rational-optimists