378 Quotes by Peter Thiel

What important truth do very few people agree with you on?” This question sounds easy because it’s straightforward. Actually, it’s very hard to answer. It’s intellectually difficult because the knowledge that everyone is taught in school is by definition agreed upon.

Every monopoly is unique, but they usually share some combination of the following characteristics: proprietary technology, network effects, economies of scale, and branding.

If they don’t go to law school, bright college graduates head to Wall Street precisely because they have no real plan for their careers.

Instead of pursuing many-sided mediocrity and calling it “well-roundedness,” a definite person determines the one best thing to do and then does it.

Sometimes you do have to fight. Where that’s true, you should fight and win. There is no middle ground: either don’t throw any punches, or strike hard and end it quickly.

The most valuable businesses of coming decades will be built by entrepreneurs who seek to empower people rather than try to make them obsolete.

There are quite a lot of people who think my aspirations are not possible. That’s a good thing. We don’t need to really worry about these people very much, because since they don’t think it’s possible they won’t take us very seriously- and they will not actually try to stop us until it’s too late.

Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women – two constituencies that are notoriously tough for libertarians – have rendered the notion of “capitalist democracy” into an oxymoron.

The Monopoly Question Are you starting with a big share of a small market?