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First Principles: How to think like Tesla CEO Elon Musk [Video]

https://evannex.com/blogs/news/first-principles-how-to-think-like-tesla-ceo-elon-musk

evannex.com

First Principles: How to think like Tesla CEO Elon Musk [Video]
We've reported on what it's like to work for Elon Musk. We've even curated some key Elon Musk quotes for a glimpse into the Tesla DNA. But, perhaps the real million dollar question is: how do you think like Elon Musk?

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Elon Musk

"I tend to approach things from a physics framework. And physics teaches you to reason from first principles rather than by analogy. So I said, OK, let’s look at the first principles. What is a rocket made of? Aerospace-grade aluminum alloys, plus some titanium, copper, and carbon fiber. And then I asked, what is the value of those materials on the commodity market? It turned out that the materials cost of a rocket was around 2 percent of the typical price—which is a crazy ratio for a large mechanical product."

Elon Musk

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The Two Types of Thinking

The Two Types of Thinking

Comparison thinking: comes up with solutions based on pre-existing ideas. It is the way we normally think but it also limits the solutions to possible permutations of what already exists.

First principles thinking: starts free of preconceptions by studying the fundamentals of something and then working your way to a new thing. This helps you understand complex problems.

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SIMILAR ARTICLES & IDEAS:

Elon Musk

"Well, I do think there’s a good framework for thinking. It is physics. You know, the sort of first principles ..."

Elon Musk

First principle vs. analog thinking

  • First principles thinking: actively questioning every assumption you think you know about a given problem or scenario  and then creating new knowledge and solutions from scratch. 
  • Reasoning by analogy: building knowledge and solving problems based on prior assumptions, beliefs and widely held ‘best practices’ approved by majority of people.

Elon Musk's 3 steps Principle Thinking

  1. Identify and define your current assumptions;
  2. Breakdown the problem into its fundamental principles;
  3. Create new solutions from scratch.

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First Principle

First Principle

Is a basic, foundational, self-evident proposition or assumption that cannot be deduced from any other proposition or assumption.

Elon Musk

Elon Musk

"… it's important to reason from first principles rather than by analogy. The normal way we conduct our lives is we reason by analogy. We are doing this because it's like something else that was done, or it is like what other people are doing. But with first principles, you boil things down to the most fundamental truths and then reason up from there."

First Principles Thinking

First Principles Thinking

Is the act of deconstructing something to the fundamental parts that you know are true and building up from there.

Also called reasoning from first principles, it effectively he...

Elon Musk

Elon Musk

“Physics teaches you to reason from first principles rather than by analogy. So I said, okay, let’s look at the first principles. What is a rocket made of? Aerospace-grade aluminum alloys, plus some titanium, copper, and carbon fiber. Then I asked, what is the value of those materials on the commodity market? It turned out that the materials cost of a rocket was around two percent of the typical price.”

One Method, Different Solutions

Different solutions present themselves at different layers of abstraction. Depending on how deep and thorough is your breakdown of the situation, putting them all back together may yield different solutions.