Naval: People who ask for stock tips aren’t really serious about investing. People who ask for book recommendations aren’t serious about reading. People who ask, “What, what business should I build?” aren’t really serious about entrepreneurship.
Kapil: Take the person who “made it” and became world-class in whatever he did. If he went back and retraced his steps and did everything again the same way, but this time he did it by mimicking himself, he would fail.
Naval: I can’t watch Roger Federer play tennis and then swing the racket the same way. Nor will any description from him on how to swing the racket get me to swing it the right way. Then we go to intellectual efforts. We ask Warren Buffet why he invested in a company and he can try and create a mental construct as to how he thinks and how he invests in a company. But there are just as many details to Buffett’s activities, when he decides what to invest in and how he lives his life and how he thinks, as there are to Roger Federer’s body running around a tennis court, hitting a ball. At some level, the details are not transmissible. They’re not copyable.
Kapil: The things that you do greatest are the things that you know not how you do.
Naval: Society is a set of collective lies that we all believe so we (Read more...)