JUDGMENT

If you want to make the maximum amount of money possi-

ble, if you want to get rich over your life in a deterministically
predictable way, stay on the bleeding edge of trends and
study technology, design, and art—become really good at
something. [1]

You don’t get rich by spending your time to save money.

You get rich by saving your time to make money.

Hard work is really overrated. How hard you work matters a

lot less in the modern economy.

What is underrated?

Judgment. Judgment is underrated. [1]

Can you define judgment?

My definition of wisdom is knowing the long-term conse-

quences of your actions. Wisdom applied to external problems
is judgment. They’re highly linked; knowing the long-term
consequences of your actions and then making the right deci-
sion to capitalize on that. [78]

In an age of leverage, one correct decision can win

everything.

 · T H E A L M A N A C K O F N A V A L R A V I K A N T