Physics Is Really Figuring Out How To

The Reality Is Gas Prices Should Be Much More Expensive Then They Are Because We're Not Incorporating The True Damage To The Environment And The Hidden Costs Of Mining Oil And Transporting It To The U.s. Whenever You Have An Unpriced Externality, You Have A Bit Of A Market Failure, To The Degree That Eternality Remains Unpriced.

I Think It's Important To Reason From First Principles Rather Than By Analogy. The Normal Way We Conduct Our Lives Is We Reason By Analogy. [with Analogy] We Are Doing This Because It's Like Something Else That Was Done, Or It Is Like What Other People Are Doing. [with First Principles] You Boil Things Down To The Most Fundamental Truths…and Then Reason Up From There.

I Do Think There Is A Lot Of Potential If You Have A Compelling Product And People Are Willing To Pay A Premium For That. I Think That Is What Apple Has Shown. You Can Buy A Much Cheaper Cell Phone Or Laptop, But Apple's Product Is So Much Better Than The Alternative, And People Are Willing To Pay That Premium.

It Is Despairing To Consider That The Cost And Reliability Of Access To Space Have Barely Changed Since The Apollo Era Over Three Decades Ago. Yet In Virtually Every Other Field Of Technology, We Have Made Great Strides In Reducing Cost And Increasing Capability.

Patience Is A Virtue, And I'm Learning Patience. It's A Tough Lesson.