Economy & Business

Think of it this way: most people starting a business first look at "what sells well." For example, seeing the huge milk tea market, worth hundreds of billions a year, they think, "I'll make milk tea ...

Good question. This is a hurdle almost everyone who wants to achieve something encounters. We often get carried away by our "great" ideas, but the market is ruthless.

Let's put it this way: you can think of it as two different ways of learning to cook. The first is "analogical thinking," which is how most of us operate.

No problem, let me break this down for you. You can understand it this way: Imagine you and a group of friends are going on a long trip. In this situation, most people would "follow the crowd": "Hey, ...

Let's put it this way: First principles are like throwing out all the preconceived notions in your head about "this is how painting should be" or "this is how music should be," and then asking yoursel...

In my opinion, these two are fundamentally different things, so it's not about one replacing the other. They are more like two tools with different purposes in a toolbox.

Haha, this is quite an interesting question. Let me try to explain my understanding in plain language. Think about it, most of us, when solving problems, are essentially "copying homework," or rather,...

Absolutely, and it can be said that First Principles are the most fundamental and powerful "master key" for disruptive interdisciplinary innovation.

This is an interesting question, and I'll try to explain it to you in plain language. You can imagine first principles thinking as "breaking things down to their fundamentals.

Let's put it this way, let's simplify things. First principles thinking, in plain terms, means "getting to the bottom of things," breaking down an issue into its most basic, irreducible "building bloc...

Using "first principles" to judge if something is truly groundbreaking isn't as mysterious as it sounds. Don't overcomplicate it; simply put, it's a way of thinking that involves "stripping away the s...

Certainly, this isn't complicated. Let's break it down thoroughly. First, don't get intimidated by the term "First Principles." Just understand it as: getting to the root of things, constantly asking ...

To put it bluntly, this boils down to the most fundamental logic of business: Revenue > Costs. No matter how 'reasonable' a business appears, how 'innovative' its model, or how 'numerous' its users, i...

Good question, this is a very interesting angle. Let's talk about how to peel back a business model, layer by layer, like an onion, to see its innermost core and determine whether it can truly last.

Simply put, herd mentality is about "following the crowd." You see others queuing up to buy something, and you join the queue, regardless of whether you actually need it, always thinking that if so ma...

Good question. This concept might sound abstract, but in essence, it's a "get to the bottom of things" way of thinking, like a detective, rather than just following the crowd.

Haha, this is an interesting question, and it's not as mysterious as it sounds. Let's talk about it in plain language. So-called "First Principles Thinking," in a nutshell, means don't always "copy ho...

Okay, explaining this isn't complicated; let's use an analogy. Imagine you want to make a delicious "braised pork," but you don't know how. Most people's approach (which is "analogical thinking") woul...

No problem, this is quite an interesting topic to discuss. You can think of this like learning to cook. Most people learn to cook using "analogical thinking," which means following recipes: a pinch of...

Ah, this is an interesting question. Let's talk about how to price products using "first principles," much like Elon Musk. In essence, it's about finding a price range that neither shortchanges yourse...