Quote

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.

Peter Thiel

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Peter Thiel
Age: 57
Born: 1967
Born: October 11
Banker
Chess Player
Computer Scientist
Entrepreneur
Financier
Writer
Frankfurt/Main
Peter Andreas Thiel
Years
Printing
World
Debt
Wealth
Growing
Away
Next
Money
Problem
Doubling

More quotes by Peter Thiel

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There are many more secrets in the world that are waiting to be found. The question of how many secrets exist in our world is roughly equivalent to how many startups people should start.
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Education needs to be rethought. Education does not just happen in college, but it also happens in developing skills which will enable people to contribute to our society as a whole.
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You'll attract the employees you need if you can explain why your mission is compelling: not why it's important in general, but why you're doing something important that no one else is going to get done.
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A startup is the largest endeavor over which you can have definite mastery. You can have agency not just over your own life, but over a small and important part of the world. It begins by rejecting the unjust tyranny of Chance. You are not a lottery ticket.
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A company does better the less it pays the CEO.
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Recruiting is a core competency for any company. It should never be outsourced.
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As you craft a plan to expand to adjacent markets, don't disrupt: Avoid competition as much as possible.
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I think somehow people should be encouraged to think about a very long time horizon and I think this is true for businesses, it's true for governments and it's true for people doing things in the non-profit sector.
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There's a wide range of sales ability: there are many gradations between novices, experts, and masters. There are even sales grandmasters. If you don't know any grandmasters, it's not because you haven't encountered them, but rather because their art is hidden in plain sight.
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Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.
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There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.
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A lot of the key to Apple's succes is Designing technology in order to hide it.
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The something of somewhere is mostly just the nothing of nowhere.
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In the most dysfunctional organizations, signaling that work is being done becomes a better strategy for career advancement than actually doing work (if this describes your company, you should quit now).
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Big part of the challenge to innovation is that people too easily resign themselves to dying.
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What nerds miss is that it takes hard work to make sales look easy.
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All failed companies are the same: they failed to escape competition.
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There is perhaps no specific time that is necessarily right to start your company or start your life. But some times and some moments seem more auspicious than others. Now is such a moment. If we don’t take charge and usher in the future - if you don’t take charge of your life - there is the sense that no one else will.
Peter Thiel
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Had the people who started Facebook decided to stay at Harvard, they would not have been able to build the company, and by the time they graduated in 2006, that window probably would have come and gone.
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American government is not dominated by engineers, it is dominated by lawyers. Engineers are interested in substance and building things lawyers are interested in process and rights and getting the ideology correctly blended. And so there is sort of no really concrete plan for the future.
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