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Higher education holds itself out as a kind of universal church, outside of which there is no salvation.

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
Kind
Holds
Salvation
Universal
Outside
Higher
Education
Church

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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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Every business is successful exactly to the extent that it does something others cannot.
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We cannot take for granted that the future will be better, and that means we need to work to create it today.
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What valuable company is nobody building?
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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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No company has a culture every company is a culture.
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Under perfect competition, in the long run no company makes an economic profit.
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We might describe our world as having retail sanity, but wholesale madness.
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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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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.
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Long-term planning is often undervalued by our indefinite short-term world.
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I'm skeptical of a lot of what falls under the rubric of education.... People are on these tracks. They are getting these credentials and it's very unclear how viable they are in many cases.
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Never invest in a tech CEO that wears a suit.
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Of the six people who started PayPal, four had built bombs in high school.
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A true bubble is when something is overvalued and intensely believed. Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It's like telling the world there's no Santa Claus.
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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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Moving first is a tactic, not a goal.
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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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Brilliant thinking is rare, but courage is in even shorter supply than genius.
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