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  • - People should think, well, "I feel fear about this,

  • "and therefore I shouldn't do it."

  • It's normal to feel fear.

  • Like, there'd have to be definitely something

  • mentally wrong if you didn't feel fear.

  • And there's a friend of mine who says, like,

  • "Starting a company is like staring

  • "into the abyss and eating glass,"

  • and there's some truth to that.

  • And a successful company is very much more about,

  • "How quick are you to fix the mistakes?"

  • Not, "Will you make mistakes?"

  • The one thing I couldn't compress was the cost of launch

  • 'cause there were only a few options,

  • and the US options were way too expensive,

  • so I ended up going to Russia three times

  • to try to buy the biggest ICBM in the Russian nuclear fleet.

  • - He's the CEO of SpaceX and Tesla Motors,

  • and the chairman of Solar City.

  • His goals of starting these businesses

  • always revolve around changing the world and humanity.

  • He has an estimated net worth of 11.5 billion dollars.

  • He's Elon Musk, and here's my take on his

  • top 10 rules to success, part two.

  • Rule number one is my personal favorite,

  • and make sure to stick around all the way

  • to the end for some special bonus clips.

  • Also, as Elon's talking, if he says something

  • that really resonates with you,

  • please leave it in the comments below.

  • Put quotes around it so other people

  • can be inspired as well.

  • Enjoy.

  • (dramatic music)

  • - You are unusually fearless and willing to go

  • in the face of other people telling you something is crazy,

  • and I know a lot of pretty crazy people.

  • You still stand out.

  • Where does that come from, or how do you think about

  • making a decision when everyone tells you,

  • "This is a crazy idea," or where do you

  • get the internal strength to do that?

  • - Well, first of all, I'd say I actually think

  • I feel fear quite strongly, so it's not as though

  • I just have the absence of fear.

  • I feel it quite strongly.

  • But there are just times when something is

  • important enough, that you believe in it enough,

  • that you do it in spite of fear.

  • - So, speaking of important things--

  • - Like, people shouldn't think,

  • "Well, I feel fear about this,

  • "and therefore I shouldn't do it."

  • It's normal to feel fear.

  • Like, you'd have to definitely have something

  • mentally wrong with you if you didn't feel fear.

  • - So, you just feel it, and let the importance

  • of it drive you to do it anyway?

  • - Yeah.

  • You know, actually, something that

  • can be helpful is fatalism, at some degree.

  • If you just accept the probabilities,

  • then that diminishes fear, so when starting SpaceX,

  • I thought the odds of success were less than 10%,

  • and I just accepted that actually, probably,

  • I would just lose everything,

  • but that maybe, we would make some progress

  • if we could just move the ball forward.

  • Even if we died, maybe some other company

  • could pick up the baton and keep moving it forward,

  • so that would still do some good.

  • Yeah, same with Tesla.

  • I thought, you know, odds of a car company

  • succeeding were extremely low.

  • I would definitely advise people who are starting a company

  • to expect a long period of quite high difficulty.

  • - Yeah.

  • - But, I mean, as long as people stay super-focused

  • on creating the absolute best product to service

  • that really delights their end customer.

  • If they stay focused on that, then basically,

  • if you get it such that your customers want you to succeed,

  • then you probably will.

  • - All right.

  • You have to focus on the customer and delivering for them.

  • - Yeah.

  • Make sure, if your customers love you,

  • your odds of success of are dramatically higher.

  • One does have to be focused on the short-term

  • and money coming in when creating a company,

  • because otherwise, the company will die,

  • so a lot of the times, people will think,

  • like, creating a company is going to be fun.

  • I would say it's really not that fun.

  • I mean, there are periods of fun,

  • and there are periods where it's just awful.

  • And particularly, if you're CEO of the company,

  • you actually have a distillation

  • of all the worst problems in a company.

  • See, there's no point in spending your time

  • on things that are going right, so you're only

  • spending your time on things that are going wrong,

  • and there are things that are going wrong

  • that other people can't take care of,

  • so you have, like, the worst.

  • You have a filter for the crappest problems in the company.

  • (laughs)

  • The most pernicious and painful problems.

  • So I wouldn't say it's, I think you have to feel

  • quite compelled to do it and have a fairly high

  • pain threshold, and there's a friend of mine

  • who says, like, "Starting a company is like

  • "staring into the abyss and eating glass."

  • And there's some truth to that.

  • (audience laughing)

  • The staring into the abyss part is that you're going to be

  • constantly facing the extermination of the company,

  • 'cause most start-ups fail.

  • Like, 99% of start-ups fail.

  • So, that's the staring into the abyss part.

  • You're constantly saying, "Okay,

  • "if I don't get this right, the company will die."

  • Should be quite stressful.

  • And then, the eating glass part is,

  • you've got to work on the problems that the company

  • needs you to work on, not the problems you want to work on,

  • and so you end up working on problems

  • that you'll really wish you weren't working on,

  • and so that's the eating glass part.

  • And that goes on for a long time.

  • - [Audience Member] So, how do you keep your focus

  • on the big picture when you're constantly faced with,

  • "We could be out of business in a month?"

  • - Well, it's just a very small percentage

  • of mental energy that's on the big picture.

  • Like, you know where you're generally heading for,

  • and the actual path is going to be some sort of

  • zig-zaggy thing in that direction.

  • You're trying not to deviate too far from the path

  • that you want to be on, but you're going to

  • have to do that to some degree.

  • But I don't want to diminish the,

  • I mean, I think the profit motive is a good one

  • if the rules of an industry are properly set up.

  • So there's nothing fundamentally wrong with profit.

  • In fact, profit just means that people are paying you more

  • for whatever you're doing than you're spending to create it.

  • That's a good thing.

  • (laughs)

  • And if that's the not the case,

  • then you'll be out of business, and rightfully so.

  • 'Cause you're not adding enough value.

  • First of all, I really need to give some thought to, like,

  • how can I provide advice that would be most helpful,

  • and I'm not sure I've given enough thought to that

  • to give you the best possible answer,

  • but I think, certainly, being focused on something

  • that you're confident will have high value to someone else,

  • and just being really rigorous in making that assessment,

  • because people tend to, a natural human tendency

  • is wishful thinking, so a challenge for entrepreneurs

  • is to say, "Well, what's the difference between

  • "really believing in your ideals and sticking to them

  • "versus pursuing some unrealistic dream

  • "that doesn't actually have merit?"

  • And that is a really difficult thing to,

  • can you tell the difference between those two things.

  • So, you need to be sort of

  • very rigorous in your self-analysis.

  • Certainly extremely tenacious,

  • and then just work like hell.

  • I mean, you just have to put in, you know,

  • 80 to 100 hour weeks every week.

  • - That is a lot of work.

  • - All those things improve the odds of success.

  • If other people are putting in 40 hour work weeks

  • and you're putting in 100 hour work weeks,

  • then even if you're doing the same thing,

  • you know that in one year, you will achieve in

  • four months what it takes them a year to achieve.

  • - So failures are not the most terrible things.

  • You have to learn from it and react to it.

  • - Yeah, exactly.

  • When you're building something new,

  • there's going to be mistakes, and it's important to

  • recognize those mistakes, acknowledge them,

  • and take corrective action.

  • And the success of a company is very much more about

  • "How quick are you to fix the mistakes?"

  • Not, "Will you make mistakes?"

  • - Or admit the mistakes.

  • - Yeah, absolutely.

  • And if you see the difference between

  • a start-up that is successful and one that is not,

  • it is because the successful one,

  • they're both made of mistakes,

  • but the successful one recognized the mistakes,

  • fixed them very quickly, and the unsuccessful one

  • tries to deny that the mistakes exist.

  • - You know, extremely smart people

  • are sometimes quite arrogant, because they believe in

  • what they believe in, right,

  • and so when they face criticism,

  • it's less likely to admit they can make mistakes.

  • Was that in your case?

  • - I learnt it when I was studying physics.

  • In physics, you're taught to always question yourself,

  • you're taught to always assume that you're wrong,

  • not to assume that you're right, and you have to prove

  • yourself not wrong, and so I think that physics framework

  • is really where I learnt it, and it's very effective

  • for learning counter-intuitive things that aren't obvious.

  • - Mm.

  • So, you are very famous in saying that failure

  • is actually an option, and if you're not failing

  • that means you're not innovative enough.

  • - Yeah.

  • I mean, it's not like I like failure.

  • I mean, who likes failure?

  • But if you only do things that are certain to succeed,

  • then you're only going to be doing very obvious things.

  • - A question that has been discussed

  • over the past couple of days.

  • Should we be considering one-way only trips to Mars?

  • What's the best approach to colonize the planet?

  • Is it, well, what's your view?

  • Is that socially acceptable?

  • You think people will sign up to do it?

  • - I think there's plenty of people

  • that would sign up for a one-way trip to Mars.

  • (audience laughing)

  • - Maybe if I could have a show of hands.

  • Who would consider such an option?

  • (audience chattering and laughing)

  • I see some.

  • Not many, but perhaps enough for a couple of missions.

  • (audience laughing)

  • - Certainly be enough.

  • I think it's sort of, like, is it a

  • one-way mission and then you die,

  • or is it a one-way mission and you get resupplied?

  • There's a big difference.

  • (laughs)

  • - We're for the second option.

  • - Yeah, exactly.

  • But I think it ends up being a moot point,

  • because you want to bring the spaceship back.

  • Like, these spaceships are expensive, okay?

  • They're hard to build.

  • You can't just leave them there.

  • So whether or not people want to come back or not

  • is kind of, like, they can jump on if they want,

  • but we need the spaceship back.

  • (audience laughs and applauds)

  • - Thank you.

  • - I mean, it'd be kind of weird if there was, like,

  • this huge collection of spaceships on Mars all the time,

  • like, we would send them back.

  • I mean, of course we would send them back.

  • - Now, with Tesla, your goal has been to make a better car,

  • and you've done that with an electric vehicle

  • that people covet, that has quite a cult following,

  • that's upgradeable, but you also want to achieve,

  • and your turn of phrase is very nice,

  • or try to achieve this "platonic ideal of a car," right?

  • To reach for perfection.

  • So, what does the perfect car look like?

  • - Well, I mean, I do use that phrase

  • with our engineering and science team,

  • that aspirationally, we're in pursuit of the

  • platonic ideal of the perfect car,

  • and who knows what that looks like actually,

  • but you want to try to make every element of the car

  • as flawless as possible, and there'll always be

  • some degree of imperfection, but try to minimize that

  • and create a car that is just delightful in every way,

  • and I think if you do that, then the rest

  • kind of takes care of itself.

  • - You know, being innovative can be a very exciting life,

  • but doing business sometimes requires, you know,

  • persistence, and sometimes could be very boring.

  • Do you have the fun from innovation

  • as from business, running a business?

  • Or would you rather to be just an innovator,

  • engineer, instead of a business owner or runner.

  • - I mean, I'd love to just do innovation and just do

  • engineering, but you raise a good point,

  • because, you know, a lot of life, in general, any job,

  • there is, like, you have to do your chores.

  • You know?

  • - 'Cause nobody else can do that for you.

  • - Well, yeah.

  • I think to be successful at almost anything,

  • you have to do the tough stuff

  • as well as the enjoyable stuff.

  • You have to do the boring stuff

  • as well as the non-boring stuff.

  • And if you don't do your chores,

  • then bad things will happen.

  • But if they don't do the things that they don't like to do,

  • then the company will be in trouble.

  • Like, you're basically, like, it's more fun to cook the meal

  • than to clean the dishes, but you need to clean the dishes.

  • (laughs)

  • - You need to do both.

  • - Yes, you need to do both.

  • Exactly.

  • 2001, I was just talking to a friend of mine,

  • and he asked me what I was going to do after PayPal,

  • and I thought, well, you know, I was wondering,

  • I'd like to get involved in space,

  • but I just didn't think there was anything I could do

  • as an individual, but I was curious as to when

  • NASA would be sending a team to Mars,

  • because that was always going to be the thing to do

  • after the moon, and I figured that there'd be some plan

  • and I'd just to the website, and I could read the schedule.

  • (laughing)

  • Oh, yeah, it's like, "Okay, 2017, good, okay."

  • But actually, there wasn't anything on the website,

  • or at least, I thought, like, can I not find it?

  • Like, what's going on here?

  • Is it secret?

  • I don't know.

  • But it turned out that NASA had done a study

  • on what it would cost to do a man to Mars mission,

  • and this was under Bush the first,

  • and in his first year, he asked for a 90-day study

  • shortly after taking office, and NASA came back with

  • a 500 billion dollar price tag, and he said,

  • "Okay, maybe not."

  • That's when 500 billion dollars was serious money.

  • (audience laughing)

  • You know, for the government.

  • So then, that got totally shelved,

  • and it was, like, you are not allowed to talk about

  • any kind of crewed mission to Mars at NASA,

  • and anyways, so I thought, "Well, if I could do something

  • "that would galvanize public interest,

  • "and then that public interest would translate to

  • "additional appropriations for NASA, increase their budget,

  • "then maybe they could do it," so actually,

  • what I was sort of thinking I would do

  • is send a small greenhouse to the surface of Mars

  • with seeds and dehydrated gel, and then, upon landing,

  • hydrate the gel, grow the plants,

  • and the public tends to respond to precedence

  • and superlative, so this would be the furthest

  • that life's ever traveled, the first life on Mars.

  • I was trying to figure out how to do this

  • with the proceeds that I had from PayPal,

  • and I was able to figure out how to get the cost of the

  • spacecraft down and the communications and the

  • little greenhouse and everything, but the one thing

  • I couldn't compress was the cost to launch.

  • There was only a few options,

  • and the US options were way too expensive,

  • and so I ended up going to Russia three times

  • to try to buy the biggest ICBM in the Russian nuclear fleet.

  • - [Interviewer] That's where I'd start, you know?

  • Go big or go home, right?

  • - I mean, okay.

  • There were some strange trips, that's for sure.

  • But it was, like, virtually, like, you can buy any,

  • it's a very capitalist society in some ways.

  • So I actually did negotiate a deal to buy

  • two of the ICBMs, minus the nukes.

  • But I came to the conclusion after that third trip

  • that it wouldn't really matter.

  • I actually came to the conclusion that my

  • initial premise was wrong, because I actually think

  • there's a tremendous amount of will

  • in the American population, particularly to explore.

  • United States, you know, maybe more than any other country

  • is a distillation of the human spirit of exploration,

  • and it's really fundamental to the psyche,

  • so if people think there's a way,

  • I think you could actually get a lot of support.

  • But it can't just be banging your head against a wall.

  • You got to believe that this can be done

  • without breaking the federal budget,

  • so that's when I said, "Okay, well, is there some way

  • "to affect the cost of space transport,"

  • and so I got together with a group of people

  • over a series of Saturdays just to try to say,

  • "Is there something fundamentally super-expensive

  • "about rockets, or can the cost be substantially improved?"

  • And we had a bunch of those kind of brainstorming sessions,

  • and I couldn't see any fundamental obstacle

  • to improving the cost of the rockets,

  • so that's when I started SpaceX.

  • - Said, "I'll just build it myself."

  • - But I'd say, definitely at that point,

  • the probablity of success was definitely less than 50%.

  • I thought it would most likely not succeed.

  • But it was worth a try.

  • - You're the CEO of SpaceX, and you've said that

  • your ultimate goal is to get humankind to Mars.

  • I've heard your response to the question,

  • but these guys need to hear it.

  • Why is Mars important?

  • Why does Mars matter?

  • - Sure, well, I think, it's really a fundamental

  • decision we need to make as a civilization.

  • What kind of future do we want?

  • Do we want a future where we are forever confined

  • to one planet, until some eventual extinction event,

  • however far in the future that might occur,

  • or do we want to become a multi-planet species

  • and then, ultimately, be out there among the stars,

  • and be among many planets, many star systems?

  • And I think the latter is a far more exciting

  • and inspiring future than the former.

  • And Mars is the next natural step.

  • In fact, it's the only planet we really have a shot

  • at establishing a self-sustaining city on,

  • and I think once we do establish such a city,

  • there will be a strong forcing function

  • for the improvement of space flight technology

  • that will then enable us to establish colonies

  • elsewhere in the solar system, and ultimately

  • extend beyond our solar system.

  • And so, there's the defensive reason of protecting

  • the future of humanity and ensuring that the light

  • of consciousness is not extinguished

  • should some calamity befall Earth,

  • but also, and that's the defensive reason,

  • but personally, I find that what gets me more excited

  • is the fact that this would be an incredible adventure.

  • I mean, it'd be, like, the greatest adventure ever.

  • It would be exciting and inspiring,

  • and there need to be things that excite and inspire people.

  • You know, after your reasons why you get up in the morning,

  • it can't just be solving problems, it's got to be,

  • "Yeah, something great's going to happen in the future."

  • - [Host] Yeah, we talked about this at length yesterday.

  • It's not an exit strategy or a back-up plan for humankind

  • when Earth fails, it's also to inspire people on Earth,

  • and to transcend, to go beyond our mental limits

  • of what we think we can achieve.

  • - All right, I mean, think of, sort of,

  • how incredible the Apollo program was,

  • and just, if you ask anyone and say,

  • "Name some of humanity's greatest achievements

  • "of the 20th century," the Apollo program,

  • landing on the moon, in many places, would be number one.

  • - Thank you guys so much for watching

  • the part two series of something that we're still

  • experimenting with and having some fun with,

  • so let me know what you think, if we should continue it,

  • if there's someone else you want to see a part two version of.

  • Leave your thoughts in the comments below

  • and we'll see what we can do.

  • Also, I'm really curious to figure out

  • what did you learn most from Elon in this video?

  • What message hit home the hardest that you're

  • going to immediately apply to your life or business somehow?

  • Leave it in the comments,

  • and I'm going to join in the discussion.

  • Finally, I want to give a quick shout-out

  • to Kalie and Bradley.

  • Thank you guys so much for picking up a copy of my book,

  • Your One Word, and taking that picture.

  • It's awesome, and I really, really appreciate it.

  • So, thank you guys again for watching.

  • I believe in you,

  • I hope you continue to believe in yourself

  • and whatever your one word is.

  • Much love.

  • I'll see you soon.

  • - But you have also said, in terms of

  • where you want to go, that developing

  • a high-performance sports car is not what this is about.

  • - Absolutely, yes.

  • - [Interviewer] This is about something else,

  • and you want to develop a sedan.

  • - Yeah, the whole purpose behind Tesla,

  • the reason I put so much of my time and money

  • into helping create the business is

  • we want to serve as a catalyst for accelerating

  • the electric car revolution.

  • The price of gas at the pump does not reflect

  • the true cost of gasoline,

  • because you have a consumption of a public good.

  • It's really a common problem in economics.

  • You have the same thing in fishing,

  • where because there's no cost to fishing stocks,

  • people just overfish and you have disaster that ensues,

  • and here, we're not paying for the cost

  • of the CO2 concentrations in the oceans,

  • the atmospheres, we're not paying for all the auxiliary

  • effects, the wars and the other things at the gas pumps,

  • so you effectively have a subsidy taking place

  • at the gas pump because of that.

  • So the only way to bridge that is with innovation,

  • is to try to make electric cars better

  • sooner than they would otherwise be.

- People should think, well, "I feel fear about this,

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埃隆-馬斯克的十大成功法則--第二卷 (@elonmusk) (Elon Musk's Top 10 Rules For Success - Volume 2 (@elonmusk))

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