Lessons from Elon Musk

  • The Things that will affect the future the most are Genetics and Artificial Intelligence
  • Have a sense of purpose in everything you do. Have a meaningful Worldview.
  • Our state of Innovation is very low because people work for the most part on the same problems in the same industries.
  • Elon is a software maker at heart, he applies that to machines, in effect he merges atoms and bits.
  • “He does what he wants, and is relentless about it”
  • Elon was not considered the brightest students, his classmate didn’t saw a future billionaire. That debunks the Genius by birth myth.
  • Make a list of interesting people you want to meet, then contact them (relentlessly in MuskĀ“s case) until you get on their calendar.
  • “When Elon gets interested in something he develops a different level of interest in it that other people. That is what differentiates him”
  • Hard Work is required to make it big.
  • Musk reinvested almost all the money he made in pervious ventures into his next one
  • He never got bothered that he knew nothing about the industry he got in at first. His formula was reading books and talking to smart people.
  • His level of stamina and an ability to deal with levels of stress that would have broke most people, set him apart.
  • Startup Life according to Musk is like: ” eating glass and staring into the abyss”
  • An optimistic outlook is essential
  • His ability to stay focused and keep a cool head is what saved his companies multiple times. He was able to make clear long-term decisions even under the danger of losing his lives work (Tesla and SpaceX). Also his ability to endure pain and work through it.
  • Elon would quiz experts until he knew everything they knew. That is how he learned how to build rockets.
  • He has a sense of urgency about everything
  • All of Elon’s companies are interconnected in the short and long-term.
  • “He is not chasing momentary opportunities (Money) in business. He’s trying to solve big problems”
  • What makes him also special is that he combines engineering /physic with business thinking.
  • “Musk just seems to have a level of conviction that is so intense and exceptional as to be off-putting to some people.”
  • Dont be afraid to think Big even world changing
  • Output more valuable than Input equals Profit
  • Ask if there is a Law of Nature that stands in your way, if not it is possible.