Naval

Proving something about AGI is inherently impossible 0:00

Creativity is not just mixing things together 3:05

The superiority of explanatory knowledge 7:48

Knowledge laden information is more resilient than any physical object 12:36

The problems of cloning people 15:05

Objections to Taking Children Seriously 19:23

“Do what you like” is bad advice 38:17

Creativity versus nature 41:57

Deutsch’s “fanciful” conjectures 47:52

We must give up on the idea of an ultimate explanation 53:06

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Transcript http://nav.al/deutsch-files-iii

The universality of computation and explanation 0:00

The growth of knowledge begins with problems 4:56

Problems are clashes between ideas 9:57

Evolution is not the survival of the fittest 14:50

Bad philosophy in quantum theory 26:46

Free will is intimately connected with knowledge-creation 33:41

Wealth is not a number, it is a set of transformations 49:03

The principle of optimism 53:27

Constructor Theory 57:21

How to make a better world 1:10:05

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Transcript http://nav.al/deutsch-files-ii

Good Science Fiction is Hard to Vary 2:08

ChatGPT is Not a Step Towards AGI 5:36

Creativity is Fundamentally Impossible to Define 13:35

The Binary of Personhood and Non-Personhood 23:41

David Deutsch’s Life Philosophy 32:06

The Clash of Civilizations 44:03

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Transcript http://nav.al/deutsch-files-i

Discuss on Airchat http://getairchat.com/arjun/deutschfilesdiscussion

Popper’s Impact 0:00

Creative Guesses 2:18

Experiments, Demonstrations, and Measurements 4:25

Taking Theories Seriously 10:25

New Paradigms 15:58

Foundations of Science 23:30

The Enlightenment 25:39

Misinformation 29:45

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Transcript http://nav.al/david-deutsch-2

Introduction 0:00

The Human Race 2:11

Knowledge Creation 12:34

AGI 15:50

Taking Children Seriously 23:30

Good Explanations 27:49

Quantum Computers 36:35

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Transcript http://nav.al/david-deutsch

The elder statesman of smart contract blockchains 0:00

The Ethereum community 1:22

The DAO hack 2:34

Vitalik’s finest and worst moments in protocol politics 5:18

Becoming a Twitter memelord 7:45

Vitalik’s influence on Eth today 8:59

It’s getting harder to do big things in Eth 10:38

Goals outside Ethereum 12:17

Crypto needs the good-natured 15:00

Russia 18:06

Vitalik’s lifestyle 19:51

Closing thoughts 22:06

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Transcript http://nav.al/vitalik-2

Introduction 0:00

Haseeb’s background 0:22

Vitalik’s background 2:43

A blockchain you can build any app on top of 7:02

Eth trades efficiency for transparency 10:18

Like plain text, Eth is simple and efficient 12:41

Only high-value transactions can afford the blockchain 13:08

Doing away with ‘trusted’ third parties 14:09

Trading performance for security 14:43

‘Impregnable castles made of math’ 16:23

Ethereum’s limitations are latency and privacy 16:56

There are ways to get back your privacy 19:32

Can Eth provide a high level of decentralization and a high level of scaling at the same time? 20:39

Sharding leads to more centralization 21:49

Verifiability at the expense of scaling 24:00

How much decentralization is the right amount? 25:11

What happens when subsidies to join nodes disappear? 27:07

Stateless clients make it possible to verify the chain with very little on your hard drive 28:18

Staking culture is difficult to cultivate 28:52

New blockchain players tend to go for minimum viable decentralization 29:54

People don’t value privacy until somebody goes to jail over it 30:32

Eth is ‘simple at the base’ 31:12

Social recovery wallets make it easier to be your own bank 31:44

Block space is getting expensive 32:41

There’s not a lot of innovation on Bitcoin, by design 33:35

Blockchain’s ‘free-rider effect’ 34:57

Innovation is slowest at Layer 1 35:34

Layer 2 moves faster because it’s permissionless 36:59

What if we froze Layer 1 today? 37:25

Data for computation trade-off 38:57

Benchmarking blockchains apples-to-apples 40:02

Enshrining decentralization 41:43

Tensions between scaling and preserving value 42:27

There will be multiple stores of value 43:54

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Transcript http://nav.al/vitalik

Transcript http://nav.al/infinity-1

Transcript http://nav.al/caveman

Transcript http://nav.al/infinite-resources

Transcript: http://nav.al/failure

Transcript http://nav.al/social

Transcript http://nav.al/feedback

Transcript http://nav.al/compromise

Transcript: http://nav.al/decentralization

Transcript http://nav.al/credibility

Transcript http://nav.al/einstein

Transcript http://nav.al/ideas

Transcript http://nav.al/resources

Transcript http://nav.al/far-away

Transcript: http://nav.al/program

Transcript http://nav.al/existence

Transcript http://nav.al/intelligent

Transcript http://nav.al/aliens

Transcript: http://nav.al/mind-blowing

Transcript: http://nav.al/agi

Transcript http://nav.al/species

Transcript http://nav.al/exceptional

Transcript http://nav.al/evolution

Transcript http://nav.al/gravity

Transcript http://nav.al/justified

Transcript http://nav.al/theory

Build your character in a way so luck becomes deterministic. 

• Build your character so luck becomes your destiny 0:00

• Build your character so opportunity finds you 1:12

• You have to be a little eccentric to be out on the frontier by yourself 2:39 

Transcript: http://nav.al/luck-destiny

Making money isn't about luck. It's about becoming the kind of person who makes money.

• Making money isn't about luck 0:00

• Blind luck 0:46

• Luck from hustling 0:55

• Luck from preparation 1:35

• Luck from your unique character 1:51

• In 1,000 parallel universes, you want to be wealthy in 999 of them 2:54

• Wealth stacks up one chip at a time, not all at once 4:11

Transcript: http://nav.al/money-luck

We're the only animals who cooperate across genetic boundaries, because we can track credits and debits in voluntary exchanges.

• Free markets are intrinsic to the human species 0:00

• Too many takers and not enough makers will plunge a society into ruin 1:48 

Transcript: http://nav.al/capitalism-intrinsic

Wealth isn't about taking something from somebody else—it's about creating abundance for the world. 

• Ethical wealth creation makes abundance for the world 0:00

• Everyone can be wealthy 1:28 

Transcript: http://nav.al/ethical-wealth 

The difference between wealth, money and status.   

• Wealth is assets that earn while you sleep 0:56

• Money is how we transfer wealth 2:28

• Status is your rank in the social hierarchy 3:08

Transcript: https://nav.al/seek-wealth

This is the first interview between Naval and Nivi on How to Get Rich. These interviews are based on Naval's tweetstorm at https://twitter.com/naval/status/1002103360646823936.

Transcript http://nav.al/infinity

Transcript http://nav.al/optimism

Transcript http://nav.al/pessimism

Transcript http://nav.al/extrapolate

Transcript http://nav.al/ignorance

Transcript http://nav.al/theories

Transcript http://nav.al/advances

Transcript http://nav.al/failures

Transcript http://nav.al/predictions

Transcript http://nav.al/error

Transcript http://nav.al/broaden

Transcript http://nav.al/observed

Transcript http://nav.al/multiverse

Transcript http://nav.al/light

Transcript http://nav.al/probability

Transcript http://nav.al/prove

Transcript http://nav.al/substrate

Transcript http://nav.al/discrete

Transcript: http://nav.al/conjectural

Transcript: http://nav.al/methods

Transcript: http://nav.al/settled

Transcript: http://nav.al/end

Transcript: http://nav.al/vary

Transcript: http://nav.al/explanations

Sponsor: http://www.eightsleep.com/infinity

Transcript: http://nav.al/understand

Sponsor: http://www.eightsleep.com/infinity

Transcript: http://nav.al/predict

Sponsor: http://www.eightsleep.com/infinity

Transcript: http://nav.al/people

Sponsor: http://www.eightsleep.com/infinity

Transcript: http://nav.al/knowledge

Sponsor: http://www.eightsleep.com/infinity

Transcript: https://nav.al/happiness

Transcript: https://nav.al/read

Transcript: https://nav.al/reach

Transcript: https://nav.al/nullius-2

Transcript: http://nav.al/think

Transcript: https://nav.al/science-2

Transcript: http://nav.al/matt-ridley-2

Transcript: http://nav.al/matt-ridley

Excerpted from the Spearhead podcast: http://spearhead.co

Discovering the truth can change you where self-improvement fails.

Transcript: http://nav.al/truth

Even smart people go along with society’s lies.

Transcript: http://nav.al/consensus

Wise people are quiet

Transcript: http://nav.al/silent

Transcript: http://nav.al/peace-motion

The mind should be a servant, not a master.

Transcript: http://nav.al/peace

Addiction holds together artificial relationships and fake activities.

Transcript: http://nav.al/unacceptable

Pursuing pleasure for its own sake creates addiction.

Transcript: http://nav.al/addiction

Happy people don’t have to work as hard.

Transcript: http://nav.al/least

If you're a driven, unhappy person, your mind will be on 24/7.

Transcript: http://nav.al/inefficient

You can increase your happiness without losing your drive.

Transcript: http://nav.al/smart

Happiness is returning to a state where nothing is missing.

Transcript: http://nav.al/desire

You’re not stuck at your current level of happiness.

Transcript: http://nav.al/skill

Happiness is more like poetry than algorithms.

Transcript: http://nav.al/math

It's easier to fulfill your material desires than to renounce them.

http://nav.al/material

This podcast is a practical philosophy of health, wealth and happiness.

Transcript: https://nav.al/philosopher

This giant episode collects every interview I’ve done on “How to Get Rich.” It includes 10 minutes of unreleased material—at the end—on “Finding Time to Invest in Yourself.”

Transcript: http://nav.al/rich

Seek Wealth, Not Money or Status 1:30

Make Abundance for the World 6:40

Free Markets Are Intrinsic to Humans 10:21

Making Money Isn’t About Luck 14:19

Make Luck Your Destiny 19:25

You Won’t Get Rich Renting Out Your Time 24:00

Live Below Your Means for Freedom 28:40

Give Society What It Doesn’t Know How to Get 31:01

The Internet Has Massively Broadened Career Possibilities 33:44

Play Long-term Games With Long-term People 38:23

Pick Partners With Intelligence, Energy and Integrity 44:24

Partner With Rational Optimists 49:09

Arm Yourself With Specific Knowledge 54:34

Specific Knowledge Is Highly Creative or Technical 1:00:53

Learn to Sell, Learn to Build 1:06:24

Read What You Love Until You Love to Read 1:10:59

The Foundations Are Math and Logic 1:12:00

There’s No Actual Skill Called “Business” 1:16:48

Embrace Accountability to Get Leverage 1:20:06

Take Accountability to Earn Equity 1:25:37

Labor and Capital Are Old Leverage 1:30:06

Product and Media are New Leverage 1:35:01

Product Leverage is Egalitarian 1:39:42

Pick a Business Model With Leverage 1:44:56

Example: From Laborer to Entrepreneur 1:50:51

Judgment Is the Decisive Skill 2:01:15

Set an Aspirational Hourly Rate 2:07:41

Work As Hard As You Can 2:11:26

Be Too Busy to “Do Coffee” 2:16:34

Keep Redefining What You Do 2:20:38

Escape Competition Through Authenticity 2:22:41

Play Stupid Games, Win Stupid Prizes 2:28:17

Eventually You Will Get What You Deserve 2:30:53

Reject Most Advice 2:35:00

A Calm Mind, a Fit Body, a House Full of Love 2:37:55

There Are No Get Rich Quick Schemes 2:42:02

Productize Yourself 2:46:42

Accountability Means Letting People Criticize You 2:48:55

We Should Eventually Be Working for Ourselves 2:55:33

Being Ethical Is Long-Term Greedy 2:56:58

Envy Can Be Useful, or It Can Eat You Alive 3:00:23

Principal-Agent Problem: Act Like an Owner 3:03:51

Kelly Criterion: Avoid Ruin 3:10:33

Schelling Point: Cooperating Without Communicating 3:12:03

Turn Short-Term Games Into Long-Term Games 3:13:55

Compounding Relationships Make Life Easier 3:16:36

Price Discrimination: Charge Some People More 3:19:04

Consumer Surplus: Getting More Than You Paid For 3:20:14

Net Present Value: What Future Income Is Worth Today 3:21:03

Externalities: Calculating the Hidden Costs of Products 3:22:05

Bonus Material: Finding Time to Invest in Yourself 3:23:47

Excerpted from the Spearhead podcast: http://spearhead.co

Externalities let you account for the true cost of products by including hidden costs like environmental damage.

• Pricing externalities properly is more effective than feel-good measures 0:32

• Properly pricing externalities can save resources in a tremendous way 1:10

Transcript: http://nav.al/externalities

Calculate what future income is worth today by applying a discount to its future value.

• Figure out what future income is worth today by applying a discount rate 0:00

Transcript: http://nav.al/npv

A lot of people are willing to pay more than what companies charge.

• Consumer surplus is the extra value you get when you pay less than you were willing 0:00

Transcript: http://nav.al/surplus

You can charge people for extras based on their propensity to pay.

• Price discrimination is a technique for charging certain people more 0:00

• Rich people and large enterprises are willing to pay more 0:51

Transcript: http://nav.al/price-discrimination

Life gets a lot easier when you know someone’s got your back.

• Compounding relationships make life easier 0:00

• It’s better to have a few compounding relationships than many shallow ones 1:11

• It takes just as much effort to create a small business as a large one 1:40

Transcript: http://nav.al/relationships

Improve your leverage in negotiations by turning short-term relationships into long-term ones.

• Pareto optimal solutions require a trade-off to improve any criterion 0:00

• Negotiations are won by whoever cares less 0:44

• Convert single-move games to multi-move games 1:54

Transcript: http://nav.al/pareto-optimal

People who can’t communicate can cooperate by anticipating the other person’s actions.

• Use social norms to cooperate when you can’t communicate 0:00

• You can find Schelling points in business, art and politics 1:14

Transcript: http://nav.al/schelling-point

Don't ruin your reputation or get wiped to zero.

• Don't bet everything on one big gamble 0:00

• Ruining your reputation is the same as getting wiped to zero 0:54

Transcript: http://nav.al/kelly-criterion