There are a lot of institutions in our society today that rely on credibility stamps. They used to be how you gain credibility in society. If you were a journalist writing for The New York Times or The Washington Post, then you had the masthead of The Times and The Post. More

David Deutsch has this great view of the world where he believes that everything important is understandable by a single human. By important he means the underlying base theories that drive most of reality. Deutsch fixates on four theories. I could argue maybe there are a few more, especially if you start getting into Adam Smith and The Wealth of Nations and a few other more sociological ones. More

Naval interviews Matt Ridley, the author of The Red Queen and, recently, How Innovation Works. Also see Part 1. Innovation Famine I have a chapter towards the end of the book where I complain about the fact that we are living through an innovation famine, not an innovation feast—particularly in areas other than digital. More

Naval interviews Matt Ridley, the author of The Red Queen and, recently, How Innovation Works. Also see Part 2. Transcript I don’t have heroes, but there are people who I look up to and have learned a lot from, and Matt Ridley, who is on the line, has got to be near the top of that list. More

We have another podcast called Spearhead, where we discuss startups and angel investing. This is a compilation of recent episodes. Also, see Part 1. Everybody Thinks They Already Have Good Judgment It takes years to know if you have good judgment For the past few episodes, we talked about why you should angel invest and how to get proprietary dealflow by building a brand. More

Let’s talk about why we’re doing this podcast. It’s really a discussion of highly practical philosophy. Philosophy, as we normally think of it, is impractical. It’s abstract and obtuse—something written a long time ago in fancy language. We put it on a pedestal and it feels unapproachable. Sometimes it comes across like truisms. More

This is a transcript of the bonus material at the end of the giant How to Get Rich episode. A common question we get: “How do I find the time to start investing in myself? I have a job.” In one of the tweets from the cutting room floor, you wrote: “You will need to rent your time to get started. More

Are there any other microeconomic concepts, outside of zero marginal cost of replication and scale economies, that are important to understand? Price discrimination is important. It means you can charge people based on their propensity to pay. Now, you can’t charge people different amounts just because you don’t like them. More