Rebuild knowledge from the ground up. This is first principles thinking-the ability to reduce everything to fundamental truths and reconstruct from there. Elon Musk uses it. Philosophers use it. You should too.Most people reason by analogy. "It has always been done this way." "Everyone else does it this way." That is lazy thinking. First principles thinking asks: What is actually true? What are the immutable laws? Everything else is negotiable.We analyze how to deconstruct assumed truths. Batteries are expensive because they are expensive? No. The raw materials cost almost nothing. The...

Why patience beats prediction every time. Market timing is the fantasy that you can predict tops and bottoms, buy low and sell high, and get rich quick. The data says otherwise. Even professional traders fail at timing markets consistently.This book dismantles the market timing myth. We analyze decades of research showing that time in the market beats timing the market. The investor who stays invested through crashes outperforms the trader who tries to dodge them. Why? Because missing the ten best days wipes out years of gains.We explore behavioral biases that make timing irresistible....