# My Conversation with Naval on Building Wealth

Page: https://stenobird.com/podcast/smart-friends-2136135/my-conversation-with-naval-on-building-wealth
Text version: https://stenobird.com/podcast/smart-friends-2136135/my-conversation-with-naval-on-building-wealth.md
Podcast: [Smart Friends](https://stenobird.com/podcast/smart-friends-2136135)
Published: 2025-09-23T14:01:00+00:00
Episode link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/SOMC5848059989.mp3
Audio file: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/SOMC5848059989.mp3
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JSON: https://stenobird.com/v1/public/podcasts/smart-friends-2136135/episodes/my-conversation-with-naval-on-building-wealth
Duration seconds: 2275

## Resource

Naval Ravikant on Building Wealth It's been five years since the Almanack of Naval Ravikant was published. I spent the day with Naval expanding on key ideas from the book. We recorded hours of that conversation to share with you. This episode is a portion of that long conversation that talks about Building Wealth You can purchase the new expanded edition with nearly 4 hours of new material on Audible here: https://www.audible.com/pd/The-Almanack-of-Naval-Ravikant-Audiobook/B0FBCP1JWJ 00:00 Defining Wealth 03:00 Knowledge as the True Multiplier 09:00 Ethics of Wealth Creation & Capitalism 15:00 Progress, Optimism & Conjecture 21:00 Scale, Governance & Morality 27:00 Products, Knowledge & Hard-to-Vary Designs 36:00 Closing Reflections To support the costs of producing this podcast: >> Buy a copy of the Navalmanack: www.navalmanack.com/ >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend

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## Transcript

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