Naval Ravikant, a well-known venture capitalist and co-founder of AngelList, is famous for his insightful advice on investing and life, Here are six investing mantras from him.
1
Naval emphasizes the importance of finding trustworthy and skilled partners to build on your portfolio.
2
This includes education, skills, and personal development, which will pay off over the long run.
3
Focus on building skills and knowledge that can generate wealth without being directly tied to the amount of time you spend.
4
Money is how we transfer time and wealth. Status is your place in the social hierarchy, focus on creating wealth by owning equity in businesses.
5
This reduces risk and increases the likelihood of making informed, successful investments.
6
Make decisions based on your own research and convictions, not on the fear of missing out.