Peter Thiel

I think competition can make people stronger at whatever it is they're competing on. If we're competing in some athletic event for competitive swimmers, really intensely competing, it's likely that both of us will become better, but it's also quite possible we'll lose sight of what's truly valuable.

Whenever somebody folds, say, 'Good laydown.' It encourages them to fold on a later hand because it makes them feel like you had the best hand even if you were bluffing. It's an odd form of flattery that seems to work at the poker table.

Whenever somebody folds, say, 'Good laydown.' It encourages them to fold on a later hand because it makes them feel like you had the best hand even if you were bluffing. It's an odd form of flattery that seems to work at the poker table.