Quotes from Naval Ravikant

Schools are prisons for the lucky kids and prisons are schools for the unlucky kids.

The ideal school would teach health, wealth, and happiness. It'd be free, self-paced, and available to all. It'd show opposing ideas and students would self-verify truth. No grades, no tests, no diplomas – just learning. Actually, you're already here. Careful who you follow.

"Trying" is the biggest mistake you can make early on in a relationship. It sets a false expectation that you will eventually tire of.

Happiness is a choice and a skill and you can dedicate yourself to learning that skill and making that choice.

The ability to learn, the means of learning, the tools of learning, are abundant and infinite. It's the desire that's incredibly scarce.

Learn bits and pieces from everyone.

One of the most damaging and widespread social beliefs is the idea that most adults are incapable of learning new skills.

Explain what you learned to someone else. Teaching forces learning.

Teaching is more a way for the teacher to learn than for the student to learn.

At the end of the day, what makes Silicon Valley work is technology and the outcome of making money. Those two things have to be healthy. It has to matter a lot more than who is the celebrity and who is famous and who goes to the best parties.

Entrepreneurship is really hard and painful - I'm not sure I'd recommend it for anyone who can't handle the extreme stress.

The ledger, the distributed database - it's called a Blockchain - is held in the cloud by all the parties involved. It can't be broken by any of them. It's cryptographically too strong. You would have to compromise the entire network to take over Bitcoin.

When the venture industry started, it was enough to just have money and then it was enough to sort of have this big fuzzy brand. But now startups are getting a lot smarter.

Unlike a normal venture fund, we never stop raising capital. We can always absorb new capital on the platform and into the next deal as long as we feel it won't distort the allocation and the pricing.

If you go to a venture firm, what you're doing is you're buying money from them in exchange for equity. They have a commodity that they're selling and they have to differentiate themselves.

We are seeing a lot of cases where the startups are writing the term sheet, dictating the terms, selling common stock instead of preferred stock, where they don't give the investor veto rights or board seat or privileges, and they are really asking the investor -- why should I take your money when there is other money available.

Nation states that are used to imposing capital controls will face a quandary: ban cryptocurrencies and live in the technology dustbin; enable them, and this virus - this religion, this protocol - will enable the free flow of money and language, along with packets, around the globe.

I don't like having managers.