Elon Musk, the CEO of SpaceX and Tesla, recently shared a retweet in which he expressed his admiration for Paul Graham’s essay, “How to Make Wealth.” In the retweet, Musk shared his personal experience of reading the essay in his mid-twenties and how it changed his perspective on wealth.
Graham’s essay discusses the concept of creating wealth and how it differs from simply redistributing it. One of the key takeaways from the essay is what Graham refers to as the “Pie Fallacy.” This fallacy suggests that many people believe that there is a fixed amount of wealth in the world and that for one person to become wealthy, someone else must become poorer. However, Graham argues that wealth can be created through innovation and that the size of the pie can be expanded.
Musk’s retweet highlights the impact that Graham’s essay had on his thinking and how it helped him to challenge his own beliefs about wealth creation. It’s clear that Musk, a successful entrepreneur and one of the world’s richest people, has applied these principles in his own career by focusing on innovation and creating new opportunities rather than simply competing for existing resources.
Overall, the retweet by Musk underscores the importance of critical thinking and being open to new ideas. By challenging our own beliefs and being willing to learn from others, we can expand our thinking and create new opportunities for ourselves and others. The ideas presented in “How to Make Wealth” are a great example of this, and they continue to inspire and inform entrepreneurs and innovators around the world.