Top 8 CONTRARIAN views from Peter Thiel:
EVERYONE must read:
These views will blow your mind & make you think differently.
This first point is CRAZY: 👇
#peterthiel $PLTR #investing
EVERYONE must read:
These views will blow your mind & make you think differently.
This first point is CRAZY: 👇
#peterthiel $PLTR #investing
0-to-1 refers to a new way of doing things. Creating something brand new.
Globalisation is an example of copying - China is the culmination of this.
Technology, however, is a new way of doing things.
Globalisation is an example of copying - China is the culmination of this.
Technology, however, is a new way of doing things.
Bubbles are a collapse of belief.
The DOTCOM bubble has left scars within the minds of investors and innovators.
After DOCOM, there has been irrational fear of the future.
People can be rational individually. However, in crowds – irrationality prevails.
The DOTCOM bubble has left scars within the minds of investors and innovators.
After DOCOM, there has been irrational fear of the future.
People can be rational individually. However, in crowds – irrationality prevails.
In business, perfect competition is terrible.
Perfect competition leads to all profits being competed away.
In perfect competition there is a range of competitors selling undifferentiated products.
Perfect competition = the market decides the price, instead of the company.
Perfect competition leads to all profits being competed away.
In perfect competition there is a range of competitors selling undifferentiated products.
Perfect competition = the market decides the price, instead of the company.
Monopolies should not be bullies, monopolies should no be illegal, but monopolies should be companies in which provide a service or product that can not be replicated.
The product or service is so good that no other company can replicate.
That is the ideal monopoly.
The product or service is so good that no other company can replicate.
That is the ideal monopoly.
In perfectly competitive markets, companies, there is no innovation, because these companies don’t make money.
Perfectly competitive companies are bad for the future.
Airlines = perfect competition
There is an incentive for monopolies to improve and innovation, or they fail.
Perfectly competitive companies are bad for the future.
Airlines = perfect competition
There is an incentive for monopolies to improve and innovation, or they fail.
Monopolies are a condition of every successful company.
All monopolies have:
- EOS
- 10X better TECH
- Network effects
- Branding
All monopolies have:
- EOS
- 10X better TECH
- Network effects
- Branding
Looking at quarterly targets can results in one ignoring the fundamental features of the company.
The most vital question to ask: will the business in question be around in 10 years.
The most vital question to ask: will the business in question be around in 10 years.
Within your own life, you must not diversify. Instead, you must specialise.
Diversification is a method of “spray-and-pray”. Diversification is a method of leaving the future to chance.
One must be deterministic about the future. One must take control of their life.
Diversification is a method of “spray-and-pray”. Diversification is a method of leaving the future to chance.
One must be deterministic about the future. One must take control of their life.
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