Naval Ravikant

Naval Ravikant quotes on market

Indian-American entrepreneur and investor. He is the co-founder, chairman, and former CEO of AngelList.

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1

The only two ways to coordinate human societies at scale are free markets and physical power. Any ideology rejecting free markets is just advocating for power. Socialism, communism, and fascism all converge to the same endpoint - rule by the biggest thug.

2

Take feedback from nature and markets, not from people.

3

A group of people who think differently is a market. A group of people who think alike is a mob.

4

The Efficient Markets Hypothesis fails because humans are herd animals, not independent rational actors. Thus the best investors tend to be antisocial and contrarian.

5

The best jobs are neither decreed nor degreed. They are creative expressions of continuous learners in free markets.

6

A well-designed market for betting on climate change would allow the communities at greatest risk to buy insurance and literally transfer wealth from the ignorant to the knowledgeable.

7

Investing favors the dispassionate. Markets efficiently separate emotional investors from their money.

8

Any metric unchecked by nature or free markets eventually gets gamed.

9

Any analysis of California’s economic success should note its monopolization of all of the warm, dry coastline in the largest market in the world.

10

One day, we'll wonder how we had free speech and free markets without freed networks and freed currencies.

11

Operating an economy without cryptocurrencies will eventually be like operating one without financial markets today.

12

An economy run by markets / blockchains instead of middlemen / authorities would make our current society look like a communist bureaucracy.

13

Every market I've seen eventually punishes clever investors and rewards patient ones. Cryptocurrencies will be no different.

14

The market may be irrational in the short term, but so are you if you think that you can time it.

15

Markets need rule of law, and rulers create constraints. Blockchains use code as law, and point the way towards true free markets.

16

Nations are trying to birth the next Silicon Valley when they can simply buy the next generation of Internet protocols on open markets.

17

The promise of blockchains: Markets for everything. Upgrade overloaded free systems (spammed protocols) or centralized systems (banks)

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