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Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.

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
Causes
Opportunity
Overemphasize
Past
Slavishly
Rivalry
Copy
Copies
Opportunities
Worked

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Big part of the challenge to innovation is that people too easily resign themselves to dying.
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I'm always very excited about trying to do something on next-generation biotechnology and life sciences because I think if we can cure cancer or dementia, we can really make the future a lot better and I think these things are eminently doable.
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There's been a lot companies that have shown zero to one kind of growth in the computer, internet software age. Facebook and Google are zero to one companies. Apple's iPhone was the first smartphone that really works, and of course, then you scale it horizontally, but the vertical component was really critical. Space X would also be one.
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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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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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If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth.
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The something of somewhere is mostly just the nothing of nowhere.
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As an investor-entrepreneur, I’ve always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not looking.
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Brilliant thinking is rare, but courage is in even shorter supply than genius.
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I no longer believe that freedom and democracy are compatible.
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Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.
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Moving first is a tactic, not a goal.
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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.
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The developing world can just do things that are extensive or horizontal, that basically copy. The developed world needs to do things that are intensive or vertical, where we take our civilization to the next level.
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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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Never invest in a tech CEO that wears a suit.
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Under perfect competition, in the long run no company makes an economic profit.
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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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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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For Hamlet, greatness means willingness to fight for reasons as thin as an eggshell: anyone would fight for things that matter true heroes take their personal honor so seriously they will fight for things that don’t matter.
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