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Peter Thiel Quotes

American - Businessman | October 11, 1967 -

If the whole U.S. was like Silicon Valley, we'd be in good shape. But now, the entire U.S. is not driven by technology, is not driven by innovation.

Good Technology Innovation Now Shape

The most successful businesses have an idea for the future that's very different from the present - and that's not fully valued.

Future Present Successful Different

Our society, the dominant culture doesn't like science. It doesn't like technology.

Technology Science Culture Society

Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away.

Competition Capitalism Credit Perfect

Investors are always biased to invest in things they themselves understand. So venture capitalists like Uber because they like driving in black town cars. They don't like Airbnb because they like staying in five-star hotels, not sleeping on people's couches.

People Black Driving Understand Uber

Airbnb is undervalued.

Airbnb Undervalued

There have been a lot of critiques of the finance industry's having possibly foisted subprime mortgages on unknowing buyers, and a lot of those kinds of arguments are even more powerful when used against college administrators who are probably in some ways engaged in equally misleading advertising.

Finance College Advertising Powerful

When parents have invested enormous amounts of money in their kids' education, to find their kids coming back to live with them - well, that was not what they bargained for.

Education Live Money Parents Find

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.

Truth Mathematics Learn You Edge

Contrarian thinking doesn't make any sense unless the world still has secrets left to give up.

World Thinking Secrets Up Left Give

You can achieve difficult things, but you can't achieve the impossible.

Impossible You Achieve Difficult

Every correct answer is necessarily a secret: something important and unknown, something hard to do but doable.

Important Unknown Secret Hard Answer

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