378 Quotes by Peter Thiel

One of the reasons I think people are increasingly nervous about U.S. debt is because they think that we are not actually digging ourselves out of the hole, but instead are digging ourselves into a deeper and deeper hole and will not be able to pay it back because we're not actually creating the new technologies that will enable us to pay back and the money somehow is not really being invested in the future or in progress.

Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.

There's always a sense that people will do things quite differently if they think they have privacy.

People working on bigger ideas on a more protracted timeline will be more on the stealth side. They aren't releasing new PR announcements every day. The bigger the secret and the likelier it is that you alone have it, the more time you have to execute. There may be far more people going after hard secrets than we think.

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.

I think somehow people should be encouraged to think about a very long time horizon and I think this is true for businesses, it's true for governments and it's true for people doing things in the non-profit sector.

Under perfect competition, in the long run no company makes an economic profit.

I think markets are often not thinking on a long-time horizon, I think that our government structurally is doing even less so. When we have a government where we have people who are up for election at most once every six years for a U.S. senator, that's a time horizon that is much shorter than in a market that a company is looking at 10, 15, 20 years which is a time horizon over which a stock price is typically valued.

A conventional truth can be important - it's essential to learn elementary mathematics, for example - but it won't give you an edge. It's not a secret.