In which we explore ways to better understand the world.

What Bill Gurley Saw

Some careers can be made on the back of a single, wonderful idea. We take a look at what that looks like, through the lens of venture capitalist Bill Gurley's career.

Enthusiasm Half-Life

Over the long term, enthusiasm for most projects fade with time. Here's one useful way to think about it.

The Games People Play With Cash Flow

One way that first principles thinking fails is when you build your analysis up from a deficient set of base principles. Everything is correct and true, but you still end up mistaken. Here's how that looks like in practice.

How First Principles Thinking Fails

Thinking is split roughly into pattern matching against experience, and reasoning from first principles. Here's one argument for why you need both.