Recently watched an excellent Interview of @Elon Musk by @Lex Friedman.
And as Lex rightly pointed out in his opening remarks Elon is someone who has given hope back to humanity in a bunch of different ways. Even more so in these tough times.
I also noticed that, Elon has a few key ideas that he often repeats in most of these enriching convos...
Attempting to take a quick look at some of them in this thread.
Orders of Magnitude
Simply means, in powers of 10. An order of magnitude is 10X times and two orders of magnitude is 100X and so on...
Elon says, a new product or service has to be much better, by orders of magnitude for the consumer to switch from incumbents.
On Balance
All things considered. Most things in life are neither completely good nor bad. There are shades of gray to almost everything.
One needs to decide how much gray one is ok with to take action or make decisons.
Musk's individual carbon emmission might be higher than most ordinary individuals but his contribution to sustainable energy future more than offsets for this on balance.
Eating glass and staring into the abyss
This is how he says, a friend of his describes starting a company feels like.
Elon's advice was, “If you need inspiring words don't do it.”
Thinking in the limits
This is about looking at the extremes. From the atom to the universe lets say. Do things behave or work out differently in very small numbers vs a very large one?
Also, things like when a product is manufactured in large numbers does it cost less due to economies of scale etc.
Interestingly, he said a Govt is a corporation in the limit with a monopoly on violence.
Money 💰💵
Elon surely is uniquely qualified that most of us to talk about money being the richest man and all that but also because of his work with Paypal.
Money is not valuable in and of itself. It serves as a means to allocate labour.
Its an entry in a database, with mainframes that run COBOL and central banks having editing permissions to the DB.
Area under the🪝
Area under the Curve = ∫ab f(x)dx
Elon's life and work is classic example of the utility optimization function gone full throttle.
If one can create a product or service that brings happiness or improves the quality of life of a large number of people in some small way or has a huge positive impact on a small number of people, its success is highly probable.
Rate ot Innovation
In the long run, the survival and then growth is determined primarily by its rate of innovation.
This is important even for our individual careers, the degree to which we stay relevant is determined by the extent of our learning, unlearning and relearning.
Fundamental Breakthrough or Holy Grail