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Peter Thiel Quotes - Page 6

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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.

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.

Peter Thiel
Wall, Real, School
Peter Thiel, Blake Masters (2014). “Zero to One: Notes on Startups, or How to Build the Future”, p.56, Crown Business

Anyone who prefers owning part of your company to being paid in cash reveals a preference for the long term and a commitment to increasing your company's value in the future.

Peter Thiel
Commitment, Long, Cash
Peter Thiel, Blake Masters (2014). “Zero to One: Notes on Startups, or How to Build the Future”, p.91, Crown Business

We need more pessimism that the future might be a lot worse, and we need more optimism that the future might be better.

Peter Thiel
Optimism, Needs, Might

I think we have a bubble in the US in government bonds, because of the quantitative easing and the negative real interest rates, and to some extent, that increases asset values across the board, including in startups.

Peter Thiel
Real, Thinking, Negative
Source: www.businessinsider.com

A company does better the less it pays the CEO.

Peter Thiel
Doe, Pay, Ceo
Peter Thiel, Blake Masters (2014). “Zero to One: Notes on Startups, or How to Build the Future”, p.90, Crown Business

I think anything that requires real global breakthroughs requires a degree of intensity and sustained effort that cannot be done part time, so it's something you have to do around the clock, and that doesn't compute with our existing educational system.

Peter Thiel
Real, Educational, Thinking

Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it's much more important than free trade.

Peter Thiel
Country, Technology, Thinking
Source: bigthink.com

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.

Peter Thiel
Thinking, People, Benefits
Interview with Victoria Brown, bigthink.com. November 15, 2010.

I do tend to think that things that have incredibly long time horizons often do involve market failures.

Peter Thiel
Thinking, Long, Horizon
Interviewed with Victoria Brown, bigthink.com. November 15, 2010.

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.

Peter Thiel
Thinking, Government, Years
Interview with Victoria Brown, bigthink.com. November 15, 2010.

Now it’s either about technology that doesn’t work or about technology that’s used in bad ways. The anthology of the top twenty-five sci-fi stories in 1970 was, like, ‘Me and my friend the robot went for a walk on the moon,’ and in 2008 it was, like, ‘The galaxy is run by a fundamentalist Islamic confederacy, and there are people who are hunting planets and killing them for fun.’

Peter Thiel
Running, Fun, Islamic
"No Death, No Taxes". Interview with George Packer, www.newyorker.com. November 28, 2011.

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