naval

In a Clubhouse meet, Lex Fridman asks Naval Ravikant if it is possible to start a business project on his own, without needing other people to fulfill it. Naval argues that the question is not how many people you need, but how to maximize “creative execution”. Depending on one’s skills and the nature of the project, you will then know if you need other people or not.Enjoy!👉 Connect with me 🙂 Twitter: https://twitter.com/PickingNuggets🍺 I like beer. If you wish to, you can buy me one thru this link 🙂 https://www.buymeacoffee.com/pickingnuggets📨 Subscribe (for free) to my Sunday’s Newsletter! — I send out an email withthe 5 best pieces of content (articles, videos, tweet threads…) that I have consumed that week ⬇️ https://www.getrevue.co/profile/PickingNuggets?via=twitter-profile&client=DesktopWeb&element=subscribe-through-revue👉 Naval Ravikant 📲 How to Get Rich (podcast) https://www.youtube.com/watch?v=1-TZqOsVCNM&t=859s&ab_channel=Naval 📚 Books 📖 The Almanack of Naval Ravikant, by Eric Jorgenson. Free – https://www.navalmanack.com/ Amazon Store (affiliate Link – No Extra Charge) – https://amzn.to/3qNAKBc ⚛︎ ⚛︎ Source ⚛︎ ⚛︎ https://www.youtube.com/watch?v=LzYHG32Kf30&t=1756s📚📚📚 The 8 Books to Learn How to Invest (List made by SuperInvestor Mohnish Pabrai) 📚📚📚📚📚 📖 The 1957 – 1970 Buffett Partnership Letters Free – http://csinvesting.org/wp-content/uploads/2012/05/complete_buffett_partnership_letters-1957-70_in-sections.pdf 📖 The Berkshire Hathaway Shareholder Letters Free – https://www.berkshirehathaway.com/letters/letters.html Amazon Store (affiliate Link – No Extra Charge) – https://amzn.to/3ESbfSU 📖 Buffett: The Making of an American Capitalist, by Roger Lowenstein. Amazon Store (affiliate link – No Extra Charge) – https://amzn.to/3mRiWCN 📖 The Snowball: Warren Buffett and the Business of Life, by Alice Schroeder. Amazon Store (affiliate link – No Extra Charge) – https://amzn.to/2Ynf0Ad 📖 Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger, Expanded. Amazon Store (affiliate link – No Extra Charge) – https://amzn.to/3kxgrEj 📖 The Dhandho Investor: The Low-Risk Value Method to High Returns, by Mohnish Pabrai. Amazon Store (affiliate link – No Extra Charge) – https://amzn.to/3GWLgvz 📖 How to Get Rich: One of the World’s Greatest Entrepreneurs Shares His Secrets, by Felix Dennis. Amazon Store (affiliate link – No Extra Charge) – https://amzn.to/3bPg4jE 📖 The Origin and Evolution of New Businesses, by Amar Bhide. Amazon Store (affiliate link – No Extra Charge) – https://amzn.to/3EQseF9✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎ Notes ✎ ✎ ✎ ✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎- The most important thing when starting a business — The Creativity! The act of creating the right thing. * If you Create the right thing — you will find product-market fit • Start-ups in early stage should be optimizing for creative execution:• * Creativity: Know what’s the right thing to Create (You need good ideas)*** Use positive constructive criticism as a way to improve the quality of the ideas.** Flawless Execution: Do it fast & Well — Multiple iterations to get the product right- The question is… What’s really the right combination of people to maximize creative execution?• Historically it has been 2 people. But it is not always the case…• e.g./ • * Satoshi Nakamoto (Bitcoin)• Above 3 people, maximization of creative execution gets harder.•* The issue: While Execution increases, Creativity diminishes. • If you are going to partner up:• * Find someone with whom you share values and complement skills (his strengths cover you weaknesses and reverse)✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎ ✎ ✎ ✎ ✎ ✎ ✎✎ ✎ ✎✎ ✎ ✎✎✎✎✎✎✎ 🎶 🎶 🎶 🎶 🎶 🎶 🎶 🎶 🎶 Music Credits 🎶 🎶 🎶 🎶 🎶 🎶 🎶 🎶 🎶 🎸 LoFi Beats- Purrple Cat – Journey’s End- Watch: https://youtu.be/jBdLvNCrgWA- Download/Stream: https://fanlink.to/AdventureIsland*****DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! *****