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

" "
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

Sources available for members. Sign up free to see where this quote comes from

English

Collect this quote

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.

All quotes from Naval Ravikant Similar Quotes by other Originators

Originators like Naval Ravikant:

Tim Ferriss Tony Robbins Ziad Abdelnour Derek Sivers Jim Rohn

Additional quotes by Naval Ravikant

Your best work comes through you, not from you.

The important thing is to do something every day. It doesn’t matter what it is. The best workout for you is one you’re excited enough to do every day. [4]

Time spent honing the pitch is better spent working on the product.

Good investors use your pitch to size you up, not to understand or appreciate the business.

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

Enhance Your Quote Experience

Additional quotes by Naval Ravikant