Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away. Peter Thiel accumulationamericanbread share on social
Investors are always biased to invest in things they themselves understand. So venture capitalists like Uber because they like driving in black town cars. They don't like Airbnb because they like staying in five-star hotels, not sleeping on people's couches. Peter Thiel airbnbbiasblack share on social
Our society, the dominant culture doesn't like science. It doesn't like technology. Peter Thiel culturedominantscience Change image and share on social
Spiraling demand for resources of which our world contains a finite supply is the great long-term threat posed by globalisation. That is why we need new technology to relieve it. Peter Thiel demandfiniteglobalisation Change image and share on social
Don't bother starting the 10,000th restaurant in Manhattan. Find something to do that if you don't do it, it won't get done. Peter Thiel 000thbotherfind Change image and share on social
I suspect if people live a lot longer they would be retired for a somewhat longer period of time. Just the financial planning takes on a very different character. Peter Thiel characterfinanciallive Change image and share on social
In Silicon Valley, I point out that many of the more successful entrepreneurs seem to be suffering from a mild form of Asperger's where it's like you're missing the imitation, socialization gene. Peter Thiel aspergerentrepreneurform Change image and share on social
I think it's always good for gay people to come out, but it's also understandable why people might choose not to do so. Peter Thiel choosegaygood Change image and share on social
All of us have to work toward a definite future... that can motivate and inspire people to change the world. Peter Thiel changedefinitefuture Change image and share on social
The model of the U.S. economy is that we are the country that does new things. Peter Thiel countryeconomymodel Change image and share on social
