E09: Understanding First Principles
Many of the most successful entrepreneurs and investors in often reference first principles thinking as having been critical to their success.
A first principle is a foundational, basic assumption. One that cannot be deduced or broken down any further. In simple terms first principles are foundational truths don’t require any additional assumptions.
Elon Musk Explaining First Principles: https://www.youtube.com/watch?v=NV3sBlRgzTI
James Clear on First Principles: https://jamesclear.com/first-principles
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