Trend Following With Michael Covel

@Naval is an angel investor Michael follows on Twitter. Michael shares a Twitter post he had titled: “How to Get Rich Without Getting Lucky,” weaving in his commentary throughout. The bullet points: 1. Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy. 2. Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you. 3. Ignore people playing status games. They gain status by attacking people playing wealth creation games. 4.You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom. 5. You will get rich by giving society what it wants but does not yet know how to get. At scale. 6. Pick an industry where you can play long term games with long term people. 7. The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet. 8. lay iterated