378 Quotes by Peter Thiel

If your product requires advertising or salespeople to sell it, it’s not good enough: technology is primarily about product development, not distribution.

In business, money is either an important thing or it is everything. Monopolists can afford to think about things other than making money; non-monopolists can’t.

A true bubble is when something is overvalued and intensely believed. Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus.

As we said, even the best venture investors have a portfolio, but investors who understand the power law make as few investments as possible.

Elon describes his staff this way: “If you’re at Tesla, you’re choosing to be at the equivalent of Special Forces. There’s the regular army, and that’s fine, but if you are working at Tesla, you’re choosing to step up your game.

There’s no reason why the future should happen only at Stanford, or in college, or in Silicon Valley.

The value of failure is greatly over-rated. It’s a preposterous myth.

Secrets are hard but solvable problems and we should talk about them. It’s hard to work toward a radically better future if you don’t believe in secrets.

Elite students climb confidently until they reach a level of competition sufficiently intense to beat their dreams out of them.