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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.
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
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More quotes by Peter Thiel
Higher education holds itself out as a kind of universal church, outside of which there is no salvation.
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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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Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.
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In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.
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We might describe our world as having retail sanity, but wholesale madness.
Peter Thiel
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.
Peter Thiel
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.
Peter Thiel
The something of somewhere is mostly just the nothing of nowhere.
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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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If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth.
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Great tech opportunities happen only once.
Peter Thiel
A company does better the less it pays the CEO.
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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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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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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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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.
Peter Thiel
Of the six people who started PayPal, four had built bombs in high school.
Peter Thiel
Today's 'best practices' lead to dead ends the best paths are new and untried.
Peter Thiel
A lot of the key to Apple's succes is Designing technology in order to hide it.
Peter Thiel
Moving first is a tactic, not a goal.
Peter Thiel