Akira The Don, Naval Ravikant - Nearly Infinite Leverage lyrics

We are now living in an
Age of nearly infinite leverage
Nearly infinite leverage
Nearly infinite leverage
We are now living in an
Age of nearly infinite leverage
And all the great fortunes
They're created through leverage
So your first job, obtain leverage
You can obtain leverage, through pеrmission
Take taking
Risks, getting peoplе to work for you
Or by raising capital or you can get
Leverage permissionlessly by learning how to
Code or becoming a good
Communicator, podcasting, broadcasting
Creating videos, writing
Et cetera, et cetera, et cetera
And that's how you get leverage
That's how you get leverage
But once you have leverage
What do you do with it?
Well, the first part of your career's
Spent hustling to get leverage
Hustling to get leverage
Once you have the leverage then you
Wanna slow down a bit
Because your judgment really matters
It's like you've gone from steering
Your sailboat around to
Now you're steering an ocean
Liner or a tanker
You have a lot more at risk but you
Have a lot more to gain as well

We are now living in an
Age of nearly infinite leverage
Nearly infinite leverage
Nearly infinite leverage
We are now living in an
Age of nearly infinite leverage
You have a lot more at risk
But you have a lot more to gain as well

In the age of infinite leverage
Judgment becomes the most important skill
My definition of wisdom is knowing the
Longterm consequences of your actions
Wisdom is just judgment on a personal domain
Wisdom applied to external problems
I think is judgment so they're highly linked
It's knowing the longterm consequences of
Your actions and then
Making the right decision to
Capitalize on that
Judgment is very, very hard to build up
This is where both intellect and
Experience come in play
There are many problems with the
So-called intellectuals in the
Ivory tower, they have no skin in the game
They have no real world experience
So they just apply purely
Intellect nd intellect
Without any experience is often worse
Than useless because you get the confidence
That the intellect gives you and
You get some of the credibility but
Because you had no skin in
The game and you had no real
Experience and no real accountability
You just throwing darts
The real world is always far
Far more complex than we can intellectualize

We are now living in an
Age of nearly infinite leverage
Nearly infinite leverage
Nearly infinite leverage
We are now living in an
Age of nearly infinite leverage
You have a lot more at risk
But you have a lot more to gain as well

Especially all the interesting fast-moving
Edge domains and problems
You can't get there without experience
So if you are smart and you iterate fast
Even you put 10, 000 hours into something
But you take 10, 000 tries at something
If you are smart and you have
A lot of quick iterations
And you try to keep your emotions out of it
The people with the best judgment are
Actually among the least emotional
A lot of the best investors are
Considered almost robotic in that regard
I wouldn't be surprised if even the
Best entrepreneurs come across as unemotional
There is this archetype of the
Passionate entrepreneur and yeah
They have to care about what
They're doing but they also have to see very
Clearly what's actually happening
And the thing that prevents you from seeing
What's actually happening are your emotions
Our emotions are constantly clouding our
Judgment and investing or
In running companies, building products
Or being an entrepreneur
Emotions really get in the way
Emotions that will prevent you from
Seeing what's actually happening until
You can no longer resist the
Truth of what's happening
Until it becomes too sudden and then
You're forced into suffering which is
Sort of a breaking of this emotional
Fantasy that you put together

We are now living in an
Age of nearly infinite leverage
Nearly infinite leverage
Nearly infinite leverage
We are now living in an
Age of nearly infinite leverage
You have a lot more at risk
But you have a lot more to gain as well
Investment books are the worst place
To learn about investment
Because investment is a real world
Activity that is highly multi-variate
All the advantages are always
Being competed away
It's always on the cutting edge
So what you actually just need is very
Very broad based judgment and thinking
And the best way to do that is to
Study everything including a
Lot of philosophy
And philosophy also makes you more stoic
Makes you less emotional and so
You make better decisions
You have better judgment
You can go within someone's feed and get
At least some semblance of what
It must be like to be in
Their head all the time
The more outraged somebody is
I guarantee you the worse their judgment is
If someone's constantly tweeting
Political outrage
Seems like an angry person, getting into
Fights, you don't wanna hand this person
The keys to your car
Let alone the keys to your company