Under perfect competition, in the long run no company makes an economic profit. — Peter Thiel Copy Share Image
As you craft a plan to expand to adjacent markets, don't disrupt: Avoid competition as much as possible. — Peter Thiel Copy Share Image
All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they… — Peter Thiel Copy Share Image
There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind. — Peter Thiel Copy Share Image
“If you can recognize competition as a destructive force instead of a sign of value, you’re already more sane than most.” — Peter Thiel Copy Share Image
“Competition means no profit for everybody , no meaningful differentiation, and a struggle for survival so why do people believe that competition… — Peter Thiel Copy Share Image
“CREATIVE MONOPOLY means new products that benefit everybody and sustainable profits for the creator. Competition means no profits for anybody, no meaningful… — Peter Thiel Copy Share Image
Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in… — Peter Thiel Copy Share Image
Customers won’t care about any particular technology unless it solves a particular problem in a superior way. And if you can’t monopolize… — Peter Thiel Copy Share Image
People don't want to believe that technology is broken. Pharmaceuticals, robotics, artificial intelligence, nanotechnology - all these areas where the progress has been a… — Peter Thiel Copy Share
If you think about basic science or coming up with new theories of mathematics, these are not the kinds of things which are necessarily… — Peter Thiel Copy Share
I think we have a bubble in the US in government bonds, because of the quantitative easing and the negative real interest rates, and… — Peter Thiel Copy Share
“Time and decision-making themselves follow a power law, and some moments matter far more than others” — Peter Thiel Copy Share
“Today, we exaggerate the differences between left-liberal egalitarianism and libertarian individualism because almost everyone shares their common indefinite attitude. In philosophy, politics, and business,… — Peter Thiel Copy Share
When you already have $150 billion a year in revenues from the iPhone, it's very hard to come up with any new vertical that… — Peter Thiel Copy Share
“CREATIVE MONOPOLY means new products that benefit everybody and sustainable profits for the creator. Competition means no profits for anybody, no meaningful differentiation, and… — Peter Thiel Copy Share
“Today our society is permeated by the twin ideas that death is both inevitable and random.” — Peter Thiel Copy Share
“if your company can be summed up by its opposition to already existing firms, it can’t be completely new and it’s probably not going… — Peter Thiel Copy Share
“Is a lukewarm attitude to one’s work a sign of mental health? Is a merely professional attitude the only sane approach?” — Peter Thiel Copy Share
“If you’ve invented something new but you haven’t invented an effective way to sell it, you have a bad business—no matter how good the… — Peter Thiel Copy Share
The business model piece is we're always talking about competing more effectively. If you're starting a company or career you don't want to compete.… — Peter Thiel Copy Share
If you invest in Microsoft or Oracle, or a number of other companies for that matter, you're fundamentally making a bet that there's going… — Peter Thiel Copy Share
Our economy is broken. I'm not a politician, but neither is Donald Trump. He is a builder, and it's time to rebuild America. — Peter Thiel Copy Share
