Borrowing for consumption blows up households. Borrowing f… - Naval Ravikant

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Borrowing for consumption blows up households.

Borrowing for speculation blows up banks.

Borrowing for bailouts, handouts, and wars blows up currencies.

Credit is an economic drug - feel good now, blow up later.

Naval Ravikant

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About Naval Ravikant

Naval Ravikant (born November 5, 1974) is an Indian-born American entrepreneur and investor. He is the co-founder and chairman of AngelList, a platform for startups, investors, and job seekers. He is an angel investor who has made early-stage investments in companies including Uber, Twitter, Postmates, and Yammer. Ravikant is a recipient of the Edmund Hillary Fellowship. He also co-hosts a podcast with Brett Hall.

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Tim Ferriss Tony Robbins Ziad Abdelnour Derek Sivers Jim Rohn

Additional quotes by Naval Ravikant

Tech is the accelerator, regulation is the brake.

There is infinite capital, there is infinite labor, there is infinite compute.

The scarcity is truth.

We’re transitioning through a temporary bug in the Internet’s history before we knew how to build open social protocols.
At first, the Internet transferred data. Then, it transferred scarcity (Bitcoin). Then, computation (Ethereum). Coming up - identity and social graphs.

Borrowing for consumption blows up households. Borrowing for speculation blows up banks. Borrowing for bailouts, handouts, and wars blows up curren… - Naval Ravikant

About Naval Ravikant

Additional quotes by Naval Ravikant