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Monday, April 27, 2020

Elon Musk’s Secret To Solving Problems (Explained) #Best Education Page #Online Earning

Elon Musk’s Secret To Solving Problems (Explained)


let's be real Elon Musk is the
definition of a boss from smoking and
blunt on Joe Rogan's podcast to building
the most technologically advanced cars
on earth this guy has done it all at
just 47 years of age Elon Musk has
innovated and built three revolutionary
multi billion-dollar companies in
completely different fields PayPal Tesla
Motors and SpaceX this list doesn't even
include solar city which he helped
filled and acquired for two point six
billion dollars recently at first glance
it's easy to link his rapid success
ability to solve unsolvable problems and
genius level creativity to his
incredible work ethic musk himself
stated he worked approximately a hundred
hours a week over 15 years and recently
scaled down to 85 hours rumor has it
that he doesn't even take breaks for
lunch multitasking between eating
meetings and responding to emails all at
the same time no doubt work ethic plays
an important role in unlocking your
inner creative genius and becoming the
best at what you do but there's more to
this there are extremely hard-working
people who still make a little progress
in life and die before sharing their
best work with the world what then is
this missing link for innovative
creativity and accelerated success just
like musk son of the most brilliant
minds of all time Aristotle Euclid
Thomas Edison Fineman and Nikola Tesla
use this missing link for accelerated
learning solving difficult problems and
creating great work in their lifetime
this missing link has little to do with
how hard they work it has everything to
do with how they think in this video
we're gonna go over how you can quickly
adopt this genius problem-solving method
into your own life during a one-on-one
interview with Ted curator Chris
Anderson musk reveals this myth
Lync which he attributes to his genius
level creativity and success
it's called reasoning from first
principles I do think there's a good
good framework for thinking it is
physics you know the sort of first
principles reasoning but generally but I
think there what what I mean by that is
boil things down to that they're
fundamental truths and reason up from
there as opposed to reasoning by analogy
through most of our life we we get
through life by reasoning by analogy
which essentially means kind of cuffing
what other people do with slight
variations and you have to do that
otherwise it's mentally you wouldn't be
able to get through the day but when you
when you want to do something new you
you have to you have to apply the the
physics approach get physics is really
sort of figured out how to discover new
things that are counterintuitive like
quantum mechanics it's really
counterintuitive so I think I think
that's an important thing to do in
layman's terms first principles thinking
is basically the practice of actively
questioning every assumption you think
you know about a given problem or
scenario and then creating new knowledge
and solutions from scratch almost like a
newborn baby
on the flip side reasoning by analogy is
building knowledge and solving problems
based on prior assumptions beliefs and
widely-held best practices approved by
majority of people essentially first
principles thinking will help you
develop a unique world view to innovate
and solve difficult problems in a way
that nobody else can even fathom here's
how you can quickly use this in three
simple steps recommended by Elon Musk
himself step number one identify and
define your current assumptions I stated
by Albert Einstein if I had an hour to
solve a problem I spend 55 minutes
thinking about the problem and five
minutes thinking about solutions let me
share with you some examples from
everyday life in business health and
crafts a business example could be
growing my business will cost a lot of
money a health example could be I just
can't find enough time to work out and
reach my weight-loss goals in a Kraft
example could be I have to
struggle and starve to become a
successful artist when next you're faced
with a similar problem or challenge
simply write down your current
assumptions about them step number two
break down the problem into its
fundamental principles yuan says it is
important to view knowledge as sort of a
semantic tree make sure you understand
the fundamental principles ie the trunk
in big branches before you get into the
leaves or details or there is nothing
for them to hang on to these fundamental
principles are basically the most basic
truths or elements of anything the best
way to uncover these truths is to ask
powerful questions that uncover these
ingenious gems here's an example from
Elon Musk during an interview with Kevin
Rose on how this works that battery
packs are really expensive and that's
just the way they'll always be because
that's the way they've been in the past
you're like well no that's that's pretty
dumb you know because if if you applied
that reasoning to anything new that then
you wouldn't be able to ever get to that
new thing right so you know it's like
you can't say oh you know horses nobody
wants a car because horses are great and
we're used to them and they can eat
grass there's lots of grass all over the
place and you know there's not like
there's no gasoline that if you're
looking buy so people never gonna never
get ever gonna get parts right that
people did say that and infil batteries
they would say oh it's gonna cost you
know the historically it's cost six six
hundred dollars probe $600 per kilowatt
hour and so it's not going to be much
better than that in the future and you
can say no okay well what what are the
batteries made of so the first
principles would be to say okay what are
the material constituents to the
batteries
what is the spot market value of the
material constituents so you can say
okay it's got cobalt nickel aluminum
carbon and some polymers for separation
and a steel can so break that down and
on a material basis and say okay what if
we bought that in london metal exchange
what would each of those
things cost like oh geez it's like $80
per kilowatt-hour so clearly you just
need to think of clever ways to take
those materials and combine them into
the shape of a battery cell and you can
have batteries that are much much
cheaper than anyone realizes this is
classic first principles thinking in
action instead of following these
socially accepted beliefs that battery
packs were expensive must challenges
these beliefs by asking powerful
questions that uncover the basic truths
or elements then he creates ingenious
innovative solutions literally from
scratch step number three create new
solutions from scratch once you've
identified and broken down your problems
or assumptions into their most basic
truths you can begin to create new
insightful solutions from scratch here
are three simple everyday examples of
how this is going to work from step 1
all the way to step 3 example number one
the assumption growing my business will
cost too much money first principles
thinking what do you need to grow a
profitable business I need to sell
products or services to more customers
does it have to cost a lot of money to
sell the new customers not necessarily
but I'll probably need access to new
customers inexpensively who has this
access and how can you create a win-win
deal I guess I could partner with other
businesses that serve these same
customer and split the profits 50/50
interesting example number two
assumption I just can't find enough time
to work out and reach my weight-loss
goals first principles thinking what do
you really need to reach your
weight-loss goal I need to exercise more
preferably five days a week for an hour
each time could you still lose weight
exercising less frequently if so how
possibly I could try 15-minute workouts
3 days a week these could be quick high
frequency and high intensity full-body
workouts that will speed up my fat loss
in last time example number 3s
option I have to struggle and starve to
become a successful artist first
principles thinking what do you really
need to create great work and make a
good living as an artist I would need to
create a reasonably sized audience that
will appreciate and buy my artwork what
do you need to reach a larger audience I
probably need to do some marketing but I
don't like self promoting so I'd rather
not do this okay is there any way for
you to promote your work without being
sleazy yes if the focus of selling my
artwork is meaningful with the purpose
of serving the audience then I can make
more money to make more art so it can
serve more people interested usually
when we're faced with complex problems
we default to thinking like everybody
else first principle sinking is a
powerful way to help you break out of
this herd mentality think outside the
box and innovate completely brand new
solutions to familiar problems by
identifying your current assumptions
breaking these down into their basic
truths and creating solutions from
scratch you can uncover these ingenious
solutions to complex problems and make
unique contributions in any field thanks
for watching if you enjoyed this video
please comment share and subscribe for
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