I think that markets classically fail in cases where there are public goods that provide benefits that people cannot capture. The big debate is how big these public goods are, where they exist, things of that sort.
The something of somewhere is mostly just the nothing of nowhere. - Peter Thiel
The something of somewhere is mostly just the nothing of nowhere.
- Peter Thiel
EVERY MOMENT IN business happens only once. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a s… - Peter Thiel
EVERY MOMENT IN business happens only once. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a s…
When you are starting a new business you don't want to go after giant markets. You want to go after small markets and take over those markets quickly. - Peter Thiel
When you are starting a new business you don't want to go after giant markets. You want to go after small markets and take over those markets quickly.
The most successful businesses have an idea for the future that's very different from the present. - Peter Thiel
The most successful businesses have an idea for the future that's very different from the present.
Today's 'best practices' lead to dead ends; the best paths are new and untried. - Peter Thiel
Today's 'best practices' lead to dead ends; the best paths are new and untried.
The most contrarian thing of all is not to oppose the crowd but to think for yourself. - Peter Thiel
The most contrarian thing of all is not to oppose the crowd but to think for yourself.
The best entrepreneurs know this: every great business is built around a secret that’s hidden from the outside. A great company is a conspiracy to ch… - Peter Thiel
The best entrepreneurs know this: every great business is built around a secret that’s hidden from the outside. A great company is a conspiracy to ch…
Every business is successful exactly to the extent that it does something others cannot. - Peter Thiel
Every business is successful exactly to the extent that it does something others cannot.
Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existi… - Peter Thiel
Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existi…
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