Everything I Learned at MIT (That Made Me a Multimillionaire)
By theMITmonk
Summary
## Key takeaways - **MIT Pranks: Engineering Genius with a Playful Spirit**: Legendary MIT pranks, like placing a police car on the dome, demonstrate a mindset of deeply understanding systems to playfully subvert them without malice, proving that intelligence doesn't need to be serious or stressful. [00:26] - **The 'Fire Hose' Test: Clarity Over Capacity**: MIT's 'fire hose' of overwhelming assignments isn't a test of how much you can do, but how well you can prioritize. It teaches you to distinguish between valuable and more valuable tasks, preventing activity from being mistaken for progress. [03:15] - **First Principles Thinking: Deconstruct to Rebuild**: Complex problems, like rocket costs or product shipping delays, are best tackled by breaking them down to their most fundamental elements, rather than just searching for a solution. This approach, exemplified by Elon Musk and applied in business, allows for true innovation. [06:08] - **Mind and Hand: Build to Learn Faster**: Learning happens most effectively through action, not just planning. Building the smallest version of an idea and getting immediate feedback, even if it fails, accelerates understanding and iteration more than any textbook. [09:26] - **Impostor Syndrome Fuels Better Leadership**: Experiencing impostor syndrome at MIT, surrounded by equally brilliant peers, paradoxically creates better leaders. It fosters humility, empathy, and a greater focus on listening and collaboration, which are crucial for high-impact leadership. [11:47]
Topics Covered
- Hack the system, don't break it.
- Stop doing more, start doing what matters.
- Deconstruct problems to their first principles.
- Build it first, then refine it.
- Imposter syndrome creates better leaders.
Full Transcript
Today, I'm going to share every single
thing I learned at MIT that made me
become a multi-millionaire. I've been
the CEO, board member, investor at tech
companies that created billions of
dollars in value. And this success is
due to five principles I learned at MIT
that shaped how I work, learn, make
decisions under pressure. So, if you
want to shortcut $350,000
of tuition, and learn how the top 1%
elite thinkers operate, let's dive in.
The first framework I learned at MIT
didn't come from classrooms. It came
from pranks. One day in 1994, MIT
students and the city of Boston woke up
to a police car siren echoing from the
top of the MIT's great dome. And when he
looked up, there was a full-size police
car sitting up there on top of the dome.
And when the campus security rushed to
the top of the dome, they found a
mannequin dressed as a fake cop and a
box of real donuts in the backseat of
the car. And the surprising fact was
that the student hackers had not lifted
the car to the top. It was an
engineering masterpiece. They had built
it up. They had assembled it up there
piece by piece all through the night
without getting caught. They use
fiberglass, steel framing, other
materials, and they had made sure that
the car would stay perfectly steady
because they had to calculate the dome's
exact curvature. There was not a single
scratch on this structure. Total
precision. And that wasn't the last time
the dome got hacked. A few years later,
it turned into R2-D2. Perfect colors,
Star Wars theme playing and all. Another
year, I remembered the dome was
transformed into Captain America's
shield, 28 ft across, perfectly centered
to the inch. Same mix of genius and
mischief. That's the magic of MIT.
Engineering precision with a tinge of
light-hearted humor. These MIT hacks are
legendary and they started from 1950s.
You know, they represent a mindset.
understand the system so deeply you can
have fun with it without breaking it and
you have to pull it off without anyone
knowing about it. To this day, no one
knows which students were involved and
MIT authorities never hunt down the
student hackers because the hack is
never seen as a mean-spirited rebellion.
It's about respectful rulebreaking.
Smart doesn't have to be serious. Smart
doesn't have to be stressful. As Clint
Eastwood once said, I take my work
seriously, but I don't take myself
seriously because the moment you lose
your sense of play, you lose your
creativity. So, how do you use this
principle in real life? First, start
acting like a hacker, not like a hammer.
Understand the system deeply before you
can fight it, before you can change it,
before you can improve it. And second,
don't forget to have fun while you're
doing it. You want your sense of
innovation and sanity to survive in this
world. The second principle I learned at
MIT is that doing more isn't the goal.
And MIT has a brutal way of making sure
you learn it. The fire hose test. From
the first week of the semester, they
turn on the fire hose. three problem
sets, two lab reports, a research paper,
and a career fair all in the same day.
Google is on campus, a Nobel Prize
winner is giving a lecture, a great
startup founder is hosting office hours,
and somehow you're supposed to attend
everything. And that's just your week
one at MIT. By the end of that week,
most students realize something very
uncomfortable. you realize it is 2:00
a.m. at night and even if you decided to
stay up for the next 72 hours, you still
couldn't finish all the work. It is
mathematically impossible. And that's
when panic sets in. You lose your
confidence because every single day,
you're making impossible choices. And
for the first time, you realize effort
alone won't save you. Every choice you
make is going to feel like a loss. But
here's what I didn't see coming. The
fire hose was never meant to be drunk
from. I stopped asking how can I do
everything and started asking what
actually matters. That's the real point
of the fire hose. MIT wasn't testing for
capacity. It was testing for clarity. We
all must learn how to decide and where
to focus. You have to learn to choose.
Not between good and bad, cuz that's an
easy choice, but between valuable and
more valuable. And that skill keeps
everyone around you focused on the right
thing. Years later, when I was CEO, I
used to tell my team, when I look to my
right, I see 50 things that are amazing
about our company, and when I look to my
left, there are 50 existential fires
burning. So, what should we do? We look
straight ahead and keep going. When
you're building a company or building a
product or managing your own life, the
fire hose never shuts off. There's
always more to do, more to chase, more
to prove. If you don't build a filter,
you'll mistake activity for progress.
And when that happens, the fire hose
will win. Here's how you pass the fire
hose test. Ask three questions before
you say yes to anything. I call it the
three eye model. First eye, is it
important? Will it matter a year from
now? Second, is it impactful? Does it
actually move the needle or is it just
looking like busy work? And three, is it
irreversible? If it breaks, can it be
fixed later? Those three questions saved
me when I was the CEO, and they will
save you, too. The third principle is
the secret behind every single grand
invention in humanity's history. At MIT,
every student faces an impossible
challenge, and it's called the P set,
short for problem set. Now, these
problems aren't exercises that you can
memorize or go through your class notes
and figure out or look at the lectures
or go to chat GPT. They are multi-step,
open-ended, very complex challenges
designed to test your reasoning, your
creativity, and your endurance from day
one. And they are hard. Some of those
could take me 15 hours of work. I
remember staring at a whiteboard for
hours surrounded by failed attempts and
empty coffee cups, thinking maybe I
didn't belong there. But everyone feels
the same way because MIT wants you to
learn something very different. You
don't want to just solve the problem.
You want to learn how to look at them
differently. Starting from the first
principles. Instead of asking how do I
solve this, you have to ask what do I
truly know about this? What am I
assuming? What haven't I tested? What
pieces are still missing? Then you build
up from there from the bottom and you
bring all the pieces together one piece
at a time. That mindset in the
foundation of how every breakthrough in
humanity has happened. Elon Musk didn't
accept that the rockets have to cost $65
million. He broke the problem down to
its first principles to raw materials,
aluminum, titanium, carbon fiber. And
you know what he discovered? the real
cost was closer to about 2% of that. So
he didn't just make rockets cheaper, he
rebuilt the idea of a rocket from the
ground up. I applied the same approach
when I joined a large company as their
chief operating officer a long time ago.
We were hurdling forward with several
different products. Resources were very
tight. Products weren't shipping on
time. Everyone was panicking. So what
did we do? We stopped everything for 3
days not to brainstorm solutions but to
deconstruct the problem itself. So we
cut down from four product lines to one
and then we launched that product very
quickly to get a lot of feedback from
customers and that approach worked
wonderfully. We doubled our revenue in
just 18 months not because we worked
harder to find the solution or we were
smarter but because we deconstructed the
problem itself. Remember, every complex
problem in your career, in your
business, in your relationships can be
broken down into small solvable parts.
Here's your framework. Step one, write
the problem down in a couple of lines.
Step two, draw three columns, facts,
assumptions, next step. Step three, pick
one test. Run it this week. Because the
real power of this approach is not in
solving a specific problem. It's about
writing how you think about all
problems. The fourth principle has been
my biggest competitive advantage in life
and in business. It's called the mind
and hand approach. That's the foundation
of how you learn to learn fast. You're
expected to build the thing you're
thinking about. That's how you learn
quickly. Every January, MIT pauses all
classes for 4 weeks. It's called IAP,
independent activities period. And
during that month, there is only one
rule. Build something real. When I was a
student there, we built a startup called
EMIT. It was meant to connect the
venture capitalists to the entrepreneurs
of MIT through a private online
community network. Now, we didn't write
any business plans. We just built the
first version of the product and invited
VCs and founders and entrepreneurs to
just use it. And we ended up getting
over 1,200 people to join and test it.
Now, of course, some ideas worked, some
did not. But that experience taught us
more about startups than any textbook
ever could. That's the spirit of mind
and hand. You want clarity in your mind,
then get your hands dirty. And this is
exactly how it works in the real world,
too. The founder of Dropbox lived the
same principle. He wrote the first
version of Dropbox on a Greyhound bus
ride from Boston to San Francisco. No
team, no funding, just a laptop and an
idea. Now, of course, that first version
did not work perfectly, but it worked
well enough to test the concept and then
build a company that's worth billions of
dollars today. There's a saying at MIT
and everybody believes in it. Nothing
ever works the first time. You learn
faster by failing forward than by
waiting for the perfect plan. That's the
mindset that turns musing into mastery.
So, here's how you apply this. Number
one, build the smallest version of your
idea. Number two, get it in someone's
hands this week. One user, one customer,
one feedback, one honest review. That's
all you need. And number three, rebuild
based on what breaks. Let feedback and
failure help you redraw the map. This
works every time. The fifth principle I
learned at MIT changed everything I
thought I knew about success. And it's
true. Not just in school, but in life.
Everyone loves the myth of the lone
genius. You know, the brilliant mind
single-handedly changing the world from
the mountaintop. But at MIT, you realize
very quickly that it's exactly that,
just a myth. There is even a saying on
campus, you cannot graduate alone.
because you really can't. You find two
or three or four other students who are
just as stuck and as sleepdeprived as
you are and together you fight the
common enemy, the oppression of MIT
itself. And you know MIT knows about
this and they love this idea because
they know the shared struggle against
the impossible builds unbreakable bonds.
If you want to survive, you learn to
trust others, to rely on others, to
collaborate with others. But there's
also another hidden advantage. When you
stop pretending you can do it alone, you
start seeing yourself differently. And
not always in a positive way. You see,
at MIT, everybody arrives thinking
they're God's gift to the world. They
were probably the smartest kid in their
school, the local genius, someone who
always had the answer. And then suddenly
you're surrounded by hundreds if not
thousands of students who are just as
smart or even smarter, way smarter than
you are. And that's when the impostor
syndrome sets in. But then you're
probably wondering, wait, what's the
advantage in that? There has been a lot
of research, recent research from MIT
that talks about the impostor paradox
and it suggests that people who
experience imposttor syndrome often
become better leaders. Why? Because when
you're sure you're not the smartest
person in the room, what are you going
to do? You're going to focus on everyone
else. You listen more. You'd ask better
questions. you collaborate more openly,
more naturally. And in the real world,
that's exactly what separates the high
impact leaders from individual
performers. It's not intelligence alone.
It's empathy. It's humility. It's
knowing when to lead others and when to
lean on others. So, according to this
research, imposttor syndrome isn't a
flaw. It helps you grow something even
more valuable. emotional intelligence.
And in today's era when AI can outthink
all of us, empathy is the thing you're
going to need the most to become a great
leader.
If you like this video, here's another
one I think you'll enjoy. Thank you and
I love
Loading video analysis...