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The best start-ups might be considered slightly less extreme kinds of cults. The biggest difference is that cults tend to be fanatically wrong about something important. People at a successful start-up are fanatically right about something those outside it have missed.
- Peter Thiel
#Best
#Difference
#Important
#People
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
#Always
#Black
#People
#Uber
#Understand
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
#Intelligence
#Progress
#Technology
#Why
When people use the word 'science,' it's often a tell, like in poker, that you're bluffing.
- Peter Thiel
#Like
#People
#Science
#Tell
#Use
I think people in Europe are generally pessimistic about the future. They have low expectations; they're not working hard to change things. When you're a slacker with a pessimistic view of the future, you're likely to meet those expectations.
- Peter Thiel
#Change
#Expectations
#Future
#Meet
#View
Credentials are critical if you want to do something professional. If you want to become a doctor or lawyer or teacher or professor, there is a credentialing process. But there are a lot of other things where it's not clear they're that important.
- Peter Thiel
#Doctor
#Lawyer
#Process
#Teacher
#Want
The first question we would ask if aliens landed on this planet is not, 'What does this mean for the economy or jobs?' It would be, 'Are they friendly or unfriendly?'
- Peter Thiel
#First
#Friendly
#Mean
#Planet
#Question
Is there something about the gay experience, being gay and the gay experience, that pushes us even more than other people toward competition?
- Peter Thiel
#Competition
#Experience
#Gay
#People
#Us
There's absolutely no bubble in technology.
- Peter Thiel
#Absolutely
#Bubble
#Technology
The core problem in our society is political correctness.
- Peter Thiel
#Core
#Our
#Political
#Problem
#Society
I do think there is this danger that our society has made its peace with decline. I'd like to jolt them out of their complacency a little bit.
- Peter Thiel
#Complacency
#Danger
#Out
#Peace
#Society
Properly defined, a startup is the largest group of people you can convince of a plan to build a different future.
- Peter Thiel
#Build
#Future
#Group
#People
#Plan
There have been a lot of critiques of the finance industry's having possibly foisted subprime mortgages on unknowing buyers, and a lot of those kinds of arguments are even more powerful when used against college administrators who are probably in some ways engaged in equally misleading advertising.
- Peter Thiel
#Advertising
#Finance
#More
#Powerful
Education is a bubble in a classic sense. To call something a bubble, it must be overpriced, and there must be an intense belief in it.
- Peter Thiel
#Belief
#Bubble
#Call
#Education
#Sense
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
#Growth
#Inflation
#Money
#Today
#Work
It is true that you can say that death is natural, but it is also natural to fight death. But if you stand up and say this is a big problem, we should do something about this, that makes people very uncomfortable, because they've made their peace with death.
- Peter Thiel
#Death
#Fight
#Peace
#True
#Uncomfortable
People always say you should live your life as if it were your last day. I think you should live your life as though it will go on for ever; that every day is so good that you don't want it to end.
- Peter Thiel
#Day
#Every Day
#Good
#Life
#Live
I believe, basically, that individual freedom is very important.
- Peter Thiel
#Believe
#Freedom
#I Believe
#Important
Great things happen only once.
- Peter Thiel
#Great Things
#Great
#Only
#Things Happen
When I moved to Cleveland, defense research was laying the foundations for the Internet. The Apollo program was just about to put a man on the moon - and it was Neil Armstrong, from right here in Ohio. The future felt limitless. But today, our government is broken.
- Peter Thiel
#Future
#Government
#Man
#Moon
#Today
From my perspective, I think the question of how we build a better future is an extremely important overarching question, and I think it's become obscured from us because we no longer think it's possible to have a meaningful conversation about the future.
- Peter Thiel
#Better
#Future
#Important
#Perspective
We live in a world in which courage is in less supply than genius.
- Peter Thiel
#Courage
#Genius
#Less
#Live
#World
The future is limitless.
- Peter Thiel
#Future
#Limitless
'Perfect competition' is considered both the ideal and the default state in Economics 101. So-called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand.
- Peter Thiel
#Achieve
#Competition
#Economics
#Perfect
A diploma is a dunce hat in disguise.
- Peter Thiel
#Diploma
#Disguise
#Dunce
#Hat
It's good to test yourself and develop your talents and ambitions as fully as you can and achieve greater success; but I think success is the feeling you get from a job well done, and the key thing is to do the work.
- Peter Thiel
#Achieve
#Good
#Success
#Well Done
#Work
#Yourself
Technology just means information technology.
- Peter Thiel
#Information
#Just
#Means
#Technology
The next Bill Gates will not start an operating system. The next Larry Page won't start a search engine. The next Mark Zuckerberg won't start a social network company. If you are copying these people, you are not learning from them.
- Peter Thiel
#Company
#Learning
#People
#Search
#Start
Every one of today's smartphones has thousands of times more processing power than the computers that guided astronauts to the moon.
- Peter Thiel
#Computers
#Moon
#More
#Power
#Today
Men and machines are good at different things. People form plans and make decisions in complicated situations. We are less good at making sense of enormous amounts of data. Computers are exactly the opposite: they excel at efficient data processing but struggle to make basic judgments that would be simple for any human.
- Peter Thiel
#Computers
#Good
#Men
#Simple
#Struggle
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