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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.

Peter Thiel

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Peter Thiel
Age: 57
Born: 1967
Born: October 11
Banker
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Computer Scientist
Entrepreneur
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Writer
Frankfurt/Main
Peter Andreas Thiel
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More quotes by Peter Thiel

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The zero-sum world [the movie The Social Network] portrayed has nothing in common with the Silicon Valley I know, but I suspect it's a pretty accurate portrayal of the dysfunctional relationships that dominate Hollywood.
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Consider the trivial but revealing hallmarks of urban hipsterdom: faux vintage photography, the handlebar mustache, and vinyl record players all hark back to an earlier time when people were still optimistic about the future. If everything worth doing has already been done, you may as well feign an allergy to achievement and become a barista.
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No company has a culture every company is a culture.
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People don't want to believe that technology is broken. Pharmaceuticals, robotics, artificial intelligence, nanotechnology - all these areas where the progress has been a lot more limited than people think. And the question is why.
Peter Thiel
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People working on bigger ideas on a more protracted timeline will be more on the stealth side. They aren’t releasing new PR announcements every day. The bigger the secret and the likelier it is that you alone have it, the more time you have to execute. There may be far more people going after hard secrets than we think.
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Distribution may not matter in fictional worlds, but it matters in most. The Field of Dreams conceit is especially popular in Silicon Valley, where engineers are biased toward building cool stuff rather than selling it. But customers will not come just because you build it. You have to make this happen, and it's harder than it looks.
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The something of somewhere is mostly just the nothing of nowhere.
Peter Thiel
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Moving first is a tactic, not a goal.
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The business model piece is we're always talking about competing more effectively. If you're starting a company or career you don't want to compete. You want to create a monopoly. We want to invest in a company that has a good plan to create a monopoly.
Peter Thiel
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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.
Peter Thiel
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Great tech opportunities happen only once.
Peter Thiel
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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.
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.
Peter Thiel
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I think in my twenties I tended to think of all people as sort of more or less alike. In now think that people are really different in all these subtle ways that are very important.
Peter Thiel
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If people were super-optimistic about technology there would be no reason to be pessimistic about the future.
Peter Thiel
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The most successful businesses have an idea for the future that's very different from the present.
Peter Thiel
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Under perfect competition, in the long run no company makes an economic profit.
Peter Thiel
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Never invest in a tech CEO that wears a suit.
Peter Thiel
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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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What important truth do very few people agree with you on?
Peter Thiel