Sometimes called reasoning from first principles, it’s a tool to help clarify complicated problems by separating the underlying ideas or facts from any assumptions based on them.
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Essentially, they were looking for the foundational knowledge that would not change and that we could build everything else on, from our ethical systems to our social structures.
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Rather, first principles thinking identifies the elements that are, in the context of any given situation, non-reducible.
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When it comes down to it, everything that is not a law of nature is just a shared belief.
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The quality of your thinking depends on the models that are in your head.
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The way he describes it,
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I believe in the discipline of mastering the best of what other people have figured out. Charlie Munger1
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In life and business, the person with the fewest blind spots wins.
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The skill for finding the right solutions for the right problems is one form of wisdom.
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