631: How Elon Musk Thinks (with Charles Steel)

Charles Steel reflects on "more than two decades in private equity, banking," combined with "public service roles, including advising Tony Blair," and how these experiences led him to a late but powerful discovery: "the best way to really find purpose in life is to be creative, to make stuff." He explains that "the things I'm writing about now I am only able to write about because of what I spent the last two decades doing," and how this realization became a turning point.

He describes how stepping outside traditional career paths creates "periods where you have perspective," and how "follow your curiosity" eventually brought him back to the ideas that mattered in his youth. He shares that "in the last five years, I feel like I've become a student again" and that this shift awakened a deeper understanding of work, mission, and meaning.

Charles discusses the discipline behind creative work: "writing is not writing. Writing is rewriting," and how the creative act is "one of making mistakes, learning from them, getting better." He also explains the importance of reframing difficulty, saying, "if it was an easy thing to do, then everyone would do it," and why maintaining "a sense of humor" matters when navigating the inevitable "peaks and troughs."

Turning to Elon Musk, Charles argues that Musk is "far more different than most people would imagine." He explains that Musk always says, "when I talk you don't need to read between the lines, just read the lines," and that understanding him requires stepping outside our assumptions: "you have to step out of your shoes and step into his shoes."

Charles outlines Musk's worldview, guided by what Musk calls "a philosophy of curiosity." Musk believes "the universe is the answer," and that progress comes from learning to "ask better questions" so we can "increase our consciousness" as a civilization. Charles describes how Musk's companies, from Tesla to SpaceX to XAI, are designed as "civilizationally positive" efforts to "increase the scope and scale of consciousness."

He explains Musk's use of first-principles thinking: "you need every time to go back to look at your assumptions," then "make a conjecture" and "try and prove that your theory is wrong." This mindset also shapes how Musk builds organizations: through mission, product obsession, and "the rate of innovation," a culture in which people "work extremely hard" because they believe deeply in the purpose.

Charles closes by stressing the importance of alignment and risk-taking: that leaders must understand "your risk tolerance," think in "a range of different outcomes," and recognize that this discipline "really helps you to think about how much risk you're willing to take on for what return."

Get Charles' book, The Curious Mind of Elon Musk, here: https://charlessteel.com/book/

Claim your free gift:

Free gift #1
McKinsey & BCG winning resume
www.FIRMSconsulting.com/resumePDF

Free gift #2
Breakthrough Decisions Guide with 25 AI Prompts
www.FIRMSconsulting.com/decisions

Free gift #3
Five Reasons Why People Ignore Somebody
www.FIRMSconsulting.com/owntheroom

Free gift #4
Access episode 1 from Build a Consulting Firm, Level 1
www.FIRMSconsulting.com/build

Free gift #5
The Overall Approach used in well-managed strategy studies
www.FIRMSconsulting.com/OverallApproach

Free gift #6
Get a copy of Nine Leaders in Action, a book we co-authored with some of our clients:
www.FIRMSconsulting.com/gift