Prachi I'm reading the Almanack right now and my goodness.. Naval is a genius. These types of luck seem to be connected to an idea he loves talking about, which is compound returns. He doesn't just say that we can see compound returns in investments, but in people and in our own expertise. The more we develop a relationship with someone, the higher the compound "interest" we get from the relationship. This blew my mind the other day. Kind of makes sense for these four stages of luck. The more expertise you have, the better you are at spotting little details in your line of work, for example. Thanks for this article.
Compounding sure works with relationships as well as with health and wealth! Thanks for making this connection and sharing it. I absolutely love all the wisdom coming from the modern philosopher.
Prachi I'm reading the Almanack right now and my goodness.. Naval is a genius. These types of luck seem to be connected to an idea he loves talking about, which is compound returns. He doesn't just say that we can see compound returns in investments, but in people and in our own expertise. The more we develop a relationship with someone, the higher the compound "interest" we get from the relationship. This blew my mind the other day. Kind of makes sense for these four stages of luck. The more expertise you have, the better you are at spotting little details in your line of work, for example. Thanks for this article.
Compounding sure works with relationships as well as with health and wealth! Thanks for making this connection and sharing it. I absolutely love all the wisdom coming from the modern philosopher.
Such a great read, every page is stacked with wisdom!
Thank you :) Glad you're enjoying 10x your mind.