A Framework for First Principles Thinking

Generally the more advanced principles are the second, third, and fourth order principles. Questioning the fundamentals usually leaves you making a bunch of basic mistakes, as Elon has done, over and over.

It turns out, though, that if one of the first principles is, “though shalt not lose money” then Elon Musk has indeed disrupted it. It turns out you can do thing nobody else is willing to do if you’re willing to lose more money than anyone else is. Welcome to the new secular era of cheap money.

Generally the more advanced principles are the second, third, and fourth order principles. Questioning the fundamentals usually leaves you making a bunch of basic mistakes, as Elon has done, over and over.

It turns out, though, that if one of the first principles is, “though shalt not lose money” then Elon Musk has indeed disrupted it. It turns out you can do thing nobody else is willing to do if you’re willing to lose more money than anyone else is.

ironic title is ironic