"First Principles" is a problem-solving approach that involves breaking down complex problems into their most basic elements. By identifying and understanding these fundamental components, individuals can build new solutions from the ground up, rather than relying on assumptions or existing methods. This method encourages critical thinking and innovation. This concept is often associated with thinkers like Aristotle and modern entrepreneurs such as Elon Musk. In practice, applying first principles can lead to more effective decision-making and creative breakthroughs, as it allows one to challenge conventional wisdom and explore new possibilities.