Get Paid for Your Judgment

Judgment- especially demonstrated judgment, with high accountibility and a clear track record- is critical.

Naval’s definition of Judgment is wisdom applied to external events, knowing the long-term consequences of your decisions and acting accordingly.

Judgment in the the age of infinite leverage is crucial, as one right decision can win everything.

Judgment requires experience however can be built faster with foundational knowledge. The best example I can think of to illustrate this is how Elon Musk founded two new industries commerical electric vechicles and commerical space travel. He built these with no prior experience in the respective industries but used his foundational knowledge of physics and mathematics with first principal thinking.

This is an extreme example but it works around the eperience requirement well.

Building foundational knowledge is something I have been thinking about trying to improve. I have a good foundation in sciences and used to like mathematics in school. Naval recommends reading the basics in those disciplines and while I havent started doing that, I have recently started using Brillant an online tool that teaches courses in logic, maths, physics and computer science. My plan is to do 15 minutes per day every day to try to improve my baseline foundational understanding. I came across Brilliant watching Ali Abdall. I will have to see how good it actually is as he was sponsored by them so I have to aware that our incentives may be different.

In terms of reading widely I have restarted a system to get my reading back up to where it was when I was a teenager. I am doing 25 minutes per day of fiction at the minute but with plans to move back onto non-fiction.