Episode
#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
2:05:00
Published: Thu Oct 15 2020
Description
Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy | Brought to you by Wealthfront automated investing, Tonal smart home gym, and ShipStation shipping softwareNaval Ravikant (@naval) is the co-founder and chairman of AngelList. He is an angel investor and has invested in more than 100 companies, including many mega-successes such as Twitter, Uber, Notion, OpenDoor, Postmates, and Wish. You can subscribe to Naval, his podcast on wealth and happiness, on Apple Podcasts, Spotify, Overcast, or wherever you get your podcasts. You can also find his blog at nav.al.For more Naval plus Tim, check out my wildly popular interview with him from 2015, which was nominated for “Podcast of the Year.”Please enjoy!This episode is brought to you by Wealthfront! Wealthfront pioneered the automated investing movement, sometimes referred to as ‘robo-advising,’ and they currently oversee $20 billion of assets for their clients. It takes about three minutes to sign up, and then Wealthfront will build you a globally diversified portfolio of ETFs based on your risk appetite and manage it for you at an incredibly low cost. Smart investing should not feel like a rollercoaster ride. Let the professionals do the work for you. Go to Wealthfront.com/Tim and open a Wealthfront account today, and you’ll get your first $5,000 managed for free, for life. Wealthfront will automate your investments for the long term. Get started today at Wealthfront.com/Tim.*This episode is also brought to you by Tonal! Tonal is the world’s most intelligent home gym and personal trainer. It is precision engineered and designed to be the world’s most advanced strength studio. Tonal uses breakthrough technology—like adaptive digital weights and A.I. learning—together with the best experts in resistance training so you get stronger, faster. Every program is personalized to your body using A.I., and smart features check your form in real time, just like a personal trainer.Try Tonal, the world’s smartest home gym for 30 days in your home, and if you don’t love it, you can return it for a full refund. Visit Tonal.com for $100 off the smart accessories when you use promo code TIM21 at checkout.*This episode is also brought to you by ShipStation. Do you sell stuff online? Then you know what a pain the shipping process is. ShipStation was created to make your life easier. Whether you’re selling on eBay, Amazon, Shopify, or over 100 other popular selling channels, ShipStation lets you access all of your orders from one simple dashboard, and it works with all of the major shipping carriers, locally and globally, including FedEx, UPS, and USPS. Tim Ferriss Show listeners get to try ShipStation free for 60 days by using promo code TIM. There’s no risk, and you can start your free trial without even entering your credit card info. Just visit ShipStation.com, click on the microphone at the top of the homepage, and type in TIM!***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chapters
Tonal is a smart home gym that eliminates traditional weights and uses digital weightlifting, offering up to 200 pounds of resistance in a device smaller than a flat screen TV, making it ideal for those who don't have the luxury of a full home gym setup.
00:00 - 02:51 (02:51)
Summary
Tonal is a smart home gym that eliminates traditional weights and uses digital weightlifting, offering up to 200 pounds of resistance in a device smaller than a flat screen TV, making it ideal for those who don't have the luxury of a full home gym setup.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Athletic Greens is giving a free vitamin D supplement and five travel packs with the first subscription purchase to the audience of this podcast.
02:51 - 10:43 (07:52)
Summary
Athletic Greens is giving a free vitamin D supplement and five travel packs with the first subscription purchase to the audience of this podcast. The podcast also offers weekly bullet points of the coolest things including books, documentaries, supplements, gadgets, hacks, etc.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Reid Hoffman, co-founder of LinkedIn, shares why he sees scientists as his heroes and how the foundation of science lies in doubt and risk-taking.
10:43 - 16:19 (05:36)
Summary
Reid Hoffman, co-founder of LinkedIn, shares why he sees scientists as his heroes and how the foundation of science lies in doubt and risk-taking.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The term "studies show" is often used to imply that science has proven a certain result, but this can corrupt the true meaning of science.
16:19 - 24:59 (08:39)
Summary
The term "studies show" is often used to imply that science has proven a certain result, but this can corrupt the true meaning of science. Real science involves applying scientific methods to a limited set of fields, but the media tends to oversimplify and generalize scientific findings.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Richard Feynman's approach in physics, which involves understanding the probable paths a particle could take, could also be applied outside of the field by considering all the possible reasons why something has happened.
24:59 - 31:05 (06:05)
Summary
Richard Feynman's approach in physics, which involves understanding the probable paths a particle could take, could also be applied outside of the field by considering all the possible reasons why something has happened. The eventual unification of theories in physics mirrors the collapsing of multiple theories into one in other fields.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The key to success in modern life is to become the best at doing something and leverage that skill to distribute it to the entire world.
31:05 - 35:27 (04:22)
Summary
The key to success in modern life is to become the best at doing something and leverage that skill to distribute it to the entire world. To do this, you need to view yourself as a business and own it.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Niv Dror talks about building a brand, the long-term approach on making money, and his success in investing in startups.
35:27 - 40:29 (05:02)
Summary
Niv Dror talks about building a brand, the long-term approach on making money, and his success in investing in startups.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The speaker discusses the possibility of overcoming anxiety and being able to do business in any setting without feeling anxious.
40:29 - 43:56 (03:26)
Summary
The speaker discusses the possibility of overcoming anxiety and being able to do business in any setting without feeling anxious. They also ask if anyone has seen highly anxious people become more relaxed.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
In this episode, the speaker elaborates on the importance of a calm mind in crucial situations like a duel or competition and how having a zen state of mind can lead to winning.
43:55 - 48:33 (04:37)
Summary
In this episode, the speaker elaborates on the importance of a calm mind in crucial situations like a duel or competition and how having a zen state of mind can lead to winning. The speaker also discusses how intrinsic motivation towards a goal can help in separating anxiety from motivation and lead to better performance.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The podcast discusses ways to examine your mind, such as mushroom trips, meditation, and mindfulness, to resolve your unresolved thoughts and avoid anxieties that come from an unexamined life.
48:33 - 56:21 (07:48)
Summary
The podcast discusses ways to examine your mind, such as mushroom trips, meditation, and mindfulness, to resolve your unresolved thoughts and avoid anxieties that come from an unexamined life.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Practicing meditation for at least 60 days, for 60 minutes every day, can help clear out your mental inbox and provide a fresh perspective on your thoughts and emotions.
56:21 - 1:01:14 (04:52)
Summary
Practicing meditation for at least 60 days, for 60 minutes every day, can help clear out your mental inbox and provide a fresh perspective on your thoughts and emotions. By viewing your thoughts as unbidden and applying skepticism, you can reduce the influence they have on your daily life.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The human brain is not designed to deal with every emergency in the world in real-time.
1:01:14 - 1:04:33 (03:19)
Summary
The human brain is not designed to deal with every emergency in the world in real-time. In this context, it can be deeply soothing to read insights and observations from the past, which can provide a different perspective on current events.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Bitcoin is competing against Wall Street's traditional stores of value such as gold and Swiss bank accounts.
1:04:33 - 1:09:21 (04:48)
Summary
Bitcoin is competing against Wall Street's traditional stores of value such as gold and Swiss bank accounts. As people are interested in stores of value in uncertain times, Bitcoin is trying to be the new digital store of value that could challenge the traditional ones.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The use of stablecoins is rising in popularity as a way to hold a stable asset in the volatile crypto market.
1:09:21 - 1:12:33 (03:11)
Summary
The use of stablecoins is rising in popularity as a way to hold a stable asset in the volatile crypto market. However, there is a risk of fraud as some stablecoins claim to be backed by assets like dollars, but are actually backed by volatile cryptocurrencies like Bitcoin.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The risk of censorship is possible with crypto exchange accounts, however, crypto can also be held safely through hardware wallets or with large custodians like Coinbase or CoinList.
1:12:33 - 1:17:00 (04:27)
Summary
The risk of censorship is possible with crypto exchange accounts, however, crypto can also be held safely through hardware wallets or with large custodians like Coinbase or CoinList.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Exploring the potential of investing in hard assets, such as gold and real estate, and the emerging cryptocurrency landscape as a tax-efficient way to hedge against inflation and defend against a possible decline in the dollar's reserve currency status.
1:17:00 - 1:23:31 (06:31)
Summary
Exploring the potential of investing in hard assets, such as gold and real estate, and the emerging cryptocurrency landscape as a tax-efficient way to hedge against inflation and defend against a possible decline in the dollar's reserve currency status.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The validation of Bitcoin as a store of value is increasing, with more investors such as Paul Tudor Jones and Michael Saylor investing large sums of money.
1:23:31 - 1:28:48 (05:16)
Summary
The validation of Bitcoin as a store of value is increasing, with more investors such as Paul Tudor Jones and Michael Saylor investing large sums of money. This has caused a surge in demand, leading to an increase in Bitcoin's value as people continue to view it as a new way to store value and wealth.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Bitcoin's potential to create scarcity and transmit value through the internet is as important as its ability to create abundance, according to this speaker.
1:28:48 - 1:34:53 (06:04)
Summary
Bitcoin's potential to create scarcity and transmit value through the internet is as important as its ability to create abundance, according to this speaker. Using cryptocurrency in decentralized finance allows for loans, wealth protection and storage, derivatives buying, and hedging.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Making long term choices can be challenging, but finding fun yet sustainable activities that inspire focus on the long term can be helpful in overcoming the temptation of short term rewards.
1:34:53 - 1:39:43 (04:50)
Summary
Making long term choices can be challenging, but finding fun yet sustainable activities that inspire focus on the long term can be helpful in overcoming the temptation of short term rewards.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The common characteristic among people that the speaker wants to spend time with is a high level of self-awareness.
1:39:43 - 1:45:55 (06:11)
Summary
The common characteristic among people that the speaker wants to spend time with is a high level of self-awareness. The speaker shares a quote about avoiding conflict and discusses the benefits of surrounding oneself with self-aware individuals.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The key to avoiding playing a game infinitely is to set the definition of "winning" early on and know when you've achieved it to prevent getting trapped in an endless cycle.
1:45:55 - 1:54:17 (08:21)
Summary
The key to avoiding playing a game infinitely is to set the definition of "winning" early on and know when you've achieved it to prevent getting trapped in an endless cycle. Additionally, it's important to consciously choose the game you're playing instead of getting caught up in it forever.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The host talks about the importance of pursuing happiness and why it is important to focus on our own happiness first before trying to save others.
1:54:17 - 1:57:37 (03:20)
Summary
The host talks about the importance of pursuing happiness and why it is important to focus on our own happiness first before trying to save others.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Naval Ravikant talks about the importance of reading books to acquire specific knowledge, and shares strategies for optimizing reading habits.
1:57:37 - 2:01:17 (03:40)
Summary
Naval Ravikant talks about the importance of reading books to acquire specific knowledge, and shares strategies for optimizing reading habits.
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Tonal is a compact device that uses digital weights to deliver up to 200 pounds of resistance and allows you to perform over 150 different exercises for a full-body workout.
2:01:17 - 2:04:47 (03:29)
Summary
Tonal is a compact device that uses digital weights to deliver up to 200 pounds of resistance and allows you to perform over 150 different exercises for a full-body workout. With its AI-powered personal trainer, Tonal can adjust the weight automatically based on your performance, making it easy to use for both beginners and fitness enthusiasts.