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know the kind of first principles that reason in general. What I mean by that is boiling things down to basic truths and reasoning from there, as opposed to reasoning by analogy… Elon Musk's 3 Rules for Learning Anything
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ELON MUSK ON THE POWER OF THINKING FOR YOURSELF:
In 2002, Musk began his quest to send the first rocket to Mars – an idea that would eventually evolve into the space company SpaceX.
He immediately encountered a major challenge. After visiting a number of aerospace manufacturers around the world, Musk discovered that the cost of purchasing a rocket was astronomically high: up to 65 million. Given the high price, he began to reconsider the problem.
“I tend to approach things from a physics framework,” Musk said in an interview. 'Physics teaches you to reason from first principles instead of by analogy. So I said, okay, let's look at first principles. What is a rocket made of? Aerospace-grade aluminum alloys, plus some titanium, copper and carbon fibers. Then I asked: what is the value of those materials on the raw materials market? It turned out that the material cost of a rocket was about two percent of the normal price.”
Instead of buying a completed rocket for tens of millions, Musk decided to start his own company, buy the raw materials cheaply and build the rockets himself. SpaceX was born.
Within a few years, SpaceX had lowered the price of launching a rocket nearly tenfold while still making a profit. Musk used first principles to reduce the situation to its basics, bypass the aerospace industry's high prices, and create a more effective solution.
First principles thinking is the act of reducing a process to the fundamental parts you know to be true and building from there.
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