Naval

Making Money Isn't About Luck

5 minsMarch 22, 2026Apple Podcasts

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00:00Speaker 01

Obviously we want to be wealthy and we want to get there in this lifetime without having to rely on luck. A lot of people think making money is about luck, it's not. It's about becoming the kind of person that makes money. You know, I like to think that if I lost all my money and if you drop me on a random street in any English speaking country within five to ten years, I'd be wealthy again, right, because it's just a skill set that I've developed and I think anyone can develop. You know, in a thousand parallel universes, you want to be wealthy in 999 of them. You don't want to be wealthy in the 50 of them where you got lucky. So we want to factor luck out of it. There's really four kinds of luck that we were talking about. This came from a book. P. Mark Andreessen wrote a blog post about it, but basically there's different kinds of luck. The first kind of luck you might just say is like blind luck where I just got lucky because something completely out of my control happened, you know, that's fortune, that's fate, etcetera. Then there's luck that kind of comes through persistence, hard work, hustle, motion, which is when you're just running around creating lots of opportunities, you're generating a lot of energy, you're doing a lot of things. Lots of things will just get stirred up in the dust. It's almost like mixing a petri dish and seeing what combines or mixing a bunch of reagents and seeing what combines. You're just generating enough force and hustle and energy that luck will sort of find you. We as a group, you could argue, got together because of that. You know, Nenad had put up these great videos online. I saw them on Twitter. And so in that sense, sort of generated his own luck by just creating videos until people like me keep finding him. A third way is that you just become very good at spotting luck. So if you are very skilled in a field, you will notice when a lucky break happens in that field when other people who aren't attuned to it won't notice. So you become sensitive to luck and that's through skill and knowledge and work. And then the last kind of luck is the weirdest, hardest kind, but that's what we wanna talk about, which is where you build a unique character, a unique brand, a unique mindset where then luck finds you. For example, let's say that you're the best person in the world at deep sea underwater diving, and you're known to like take on deep sea underwater dives that nobody else will even attempt to dare. And then by sheer luck, somebody finds a sunken treasure ship off the coast they can't get at. Well, their luck just became your luck because they're gonna come to you to get that treasure, and you're gonna get paid for it. Now that's an extreme example, but it's just showing how, like, the person who got lucky by finding the treasure chest, that was blind luck. But them coming to you and asking you to extract it and having to give you half, that's not luck. You kinda created your own luck. You've put yourself in a position to be able to capitalize on that luck or to attract that luck when nobody else has created that opportunity for themselves.

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