New year reading book "For prosperity and happiness"

The book "The Almanack of Naval Ravikant" has become a companion of many businessmen, including the founders of Ninety Eight - the party that organized the translation and publication of the book under the title "Naval Ravikant: To Prosperity". prosperity and happiness".
In his book, Naval Ravikant offers principles in an attempt to answer perhaps the hottest question of all time: How to be prosperous and happy?
At the age of 9, Naval, his mother and older brother left India for America and began immigrant life in New York City. He divided his time between going to school, reading at the library, and working for an illegal Indian food delivery company.
Naval studied economics and computer science at Dartmouth and later became a co-founder of AngelList - a fundraising platform for startups to raise capital from angel investors, valued at $4 billion in in 2022. He is also a partner of a crypto fund and an early-stage investor in companies such as Uber, Twitter, Notion...
As a successful investor and self-proclaimed "very happy", Naval shares his principles of living and working, which were compiled by author Eric Jorgenson into the book "The Almanack of Naval Ravikant". The book became a companion of many businessmen, including the founders of Ninety Eight - the party that organized the translation and publication of the book under the title "Naval Ravikant: For Prosperity and Happiness".
Does success have a formula?
Is there a formula for success - a formula in the sense that if I lost everything today, in just about 2-3 years, I could rebuild even more wealth than before? According to Mr. Le Thanh, founder of Ninety Eight, the answer is "yes".
“The book not only focuses on motivation but specifically shows ways to help you create wealth and become happier. If you follow those principles correctly, practice year after month, I believe you will succeed. I myself am an example of all of these. I also completely believe it can be repeated for many other people, at the individual, family or company level," Mr. Le Thanh shared.
According to Naval, you cannot become rich by renting out your time. To have financial freedom, you must own equity. “When I first started my business, I thought I had to be my own boss to get rich. But with equity - owned by becoming an angel investor or working for a certain company - you can still be rich without having to 'take the brunt of it,'" Mr. Le Thanh said.
However, Naval shares this based on his background as an angel investor in American startups - a very different context than in Vietnam. The Vietnamese financial market, and more broadly the Ventures industry in Asia, is not strong and does not have many assets, so is it possible to replicate Naval's principles in Vietnam?
According to Mr. Le Thanh, Naval's equity principle is only suitable for developed countries with extremely booming stock markets, but it can also be applied in the crypto market.
“I think crypto is a rare opportunity for young people that never existed in their parents' time. You holding a crypto project is holding the equity of a global financial market.
“I think crypto is a rare opportunity for young people that never existed in their parents' time. You holding a crypto project is holding the equity of a global financial market. That market includes not only people from a country like the US, but also people from China, Vietnam, Japan... and it is larger than all other financial markets that have ever existed before," he said. Le Thanh said.
New books, new thinking for a new period
The founders of Ninety Eight were inspired by the "Life-changing bookshelf" of Trung Nguyen coffee brand. However, according to Mr. Le Thanh, the books in this bookcase are suitable for an older period, when information and money did not circulate as fast as they do now.
Also according to Mr. Le Thanh, gone are the days of studying at university for 4 years to apply for a lifetime. We live in an era where you master a new skill in 1 month then go to work for 3-4 years and learn something else.
“We hope Ninety Eight represents a new generation and can begin to introduce new philosophies and thoughts on how to think, how to do, and how to live. From there, we can help people build a kinder, happier life while still creating wealth for themselves and society," said Mr. Le Thanh.
And Ninety Eight wants to introduce these new thoughts through contemporary works, starting with Naval's book.
“In investing, we must pay attention to asymmetric opportunities: bet little but have a high probability of winning and receive a lot in return. I think making books is such an opportunity. For a business like Ninety Eight, making books brings very few disadvantages while the intangible value it creates can be huge: for tens of thousands or even millions of people for generations to come. So why don't I do it?” Mr. Le Thanh shared.