MORE IDEAS FROM THEBOOK
1) Focus on constant improvement of yourself. Think what can you do better.
“ Constantly think about how you could be doing things better, and keep questioning yourself. ”
" You have to be pretty driven to make it happen. Otherwise, you will just make yourself miserable. ”
" My motivation for all my companies has been to be involved in something that I thought would have a significant impact on the world. "
" If you're trying to create a company, it's like baking a cake. You need to have all the ingredients in the right proportion. "
"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."
Don't hold large meetings, except if they are providing value to everyone. Then keep the meeting short.
A typical meeting should involve no more than 4 - 6 people. Before you send out your next invite list ask: Who on this list will add (or receive) the most value? Is there anyone who doesn't need to be there?
"Well, I do think there’s a good framework for thinking. It is physics. You know, the sort of first principles reasoning.
(...) What I mean by that is, boil things down to their fundamental truths and reason up from there, as opposed to reasoning by analogy.
Through most of our life, we get through life by reasoning by analogy, which essentially means copying what other people do with slight variations."
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