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A lot of the key to Apple's succes is Designing technology in order to hide it.

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
Keys
Design
Technology
Order
Succes
Designing
Apple
Apples
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All failed companies are the same: they failed to escape competition.
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Long-term planning is often undervalued by our indefinite short-term world.
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Brilliant thinking is rare, but courage is in even shorter supply than genius.
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Anyone who prefers owning part of your company to being paid in cash reveals a preference for the long term and a commitment to increasing your company's value in the future.
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Big part of the challenge to innovation is that people too easily resign themselves to dying.
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Under perfect competition, in the long run no company makes an economic profit.
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Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.
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When you are starting a new business you don't want to go after giant markets. You want to go after small markets and take over those markets quickly.
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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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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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I think anything that requires real global breakthroughs requires a degree of intensity and sustained effort that cannot be done part time, so it's something you have to do around the clock, and that doesn't compute with our existing educational system.
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Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones.
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Every business is successful exactly to the extent that it does something others cannot.
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Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it's much more important than free trade.
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We might describe our world as having retail sanity, but wholesale madness.
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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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My own answer to the contrarian question is that most people think the future of the world will be defined by globalization, but the truth is that technology matters more.
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Anti-aging is an extremely under-explored field.
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University administrators are the equivalent of subprime mortgage brokers selling you a story that you should go into debt massively, that it's not a consumption decision, it's an investment decision. Actually, no, it's a bad consumption decision. Most colleges are four-year parties.
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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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