How I Apply the 'First Principles' of the World's Richest Man to Work

The reason why this logical thinking mode has been specially mentioned in recent years is because Elon Musk mentioned his way of thinking in a ted speech. When encountering problems that cannot be solved, he will find the root cause of the problem and destroy it. Old ways, rebuilding new ways to solve problems .

On Tesla's batteries, the reason he succeeded in reducing the $600 per kilowatt to $80 is due to first-principles thinking. Considering the high cost of the battery component "cobalt", he wondered whether alternative energy sources could be used. "Nickel", just this small change affects the cost price. In other aspects of the battery, he also thinks through first principles, so it indirectly reduces the cost of the battery and Tesla.

According to a similar concept combined with the work of insurance brokers, the protection effect of buying medical insurance is that when the insurance clause is activated, when will it be activated, that is, when we meet with the doctor, how can we get the best doctor and the best medical treatment? The resources that help us solve problems are "money", so what actually helps us solve problems is "money", not insurance .

The hospital does not provide better medical resources because the insurance policy stipulates that it should treat us, but because we give the hospital money to provide better medical resources, so when I help clients plan, I will always say this sentence: "When life encounters changes At times, insurance can’t solve all problems, only “money” can, so we should buy the best protection with the least amount of money. Then put the saved money into the place where interest will be generated, so that an endless stream of "money" can protect our life. "

When I'm planning a client's insurance, I first ask the client what is important? Why did you buy it? What do you want most? And from the terms of each company, find several suitable, high-amount and easy-to-claim products for customers to choose. That's what sets me apart from my peers.

Flexible use of first principles, dismantling, distinguishing problems, and finding the most fundamental problem, this is what I learned from Elon Musk's first principles, in fact, I have used it in many aspects, here is the Not to repeat them one by one. In short, "first principles" have helped me a lot in my life and work, and I hope you can gain valuable experience from it too.