Peter Thiel
Peter Thiel
Peter Andreas Thielis a German-American entrepreneur, venture capitalist and hedge fund manager. Thiel co-founded PayPal with Max Levchin and Elon Musk and served as its CEO. He also co-founded Palantir, of which he is chairman. He was the first outside investor in Facebook, the popular social-networking site, with a 10.2% stake acquired in 2004 for $500,000, and sits on the company's board of directors...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth11 October 1967
CountryUnited States of America
country technology 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.
zero loss hands
If you have technological progress, that will encourage more capitalist system. On the other hand, if you don't, if things are stalled, you end up with much more of a zero sum type thing, where there's no progress and basically everybody's gain is somebody else's loss.
thinking long horizon
I do tend to think that things that have incredibly long time horizons often do involve market failures.
thinking technology progress
Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.
thinking government long
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.
thinking government years
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.
mean growth progress
In the developed world, technological progress means that you can have a situation where there's growth, where there's a way in which everybody can be better off over time.
thinking people benefits
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.
college skills people
Education needs to be rethought. Education does not just happen in college, but it also happens in developing skills which will enable people to contribute to our society as a whole.
thinking government needs
In the U.S., we fundamentally need to do new things, which I think is harder for the government to do. And moreover, it is not something our government actually is inclined to particularly do.
school ideas people
The idea of becoming an entrepreneur is something that is not taught very well in school and is something that people should try to do earlier on.
two growth progress
The debt austerity would not be problems if we had technological progress. If you doubled the debt in the U.S., and the size of the economy doubled because of technological progress and growth, the two would roughly cancel out and it would all be a totally manageable situation.
photography optimistic player
Consider the trivial but revealing hallmarks of urban hipsterdom: faux vintage photography, the handlebar mustache, and vinyl record players all hark back to an earlier time when people were still optimistic about the future. If everything worth doing has already been done, you may as well feign an allergy to achievement and become a barista.
hero mean fighting
For Hamlet, greatness means willingness to fight for reasons as thin as an eggshell: anyone would fight for things that matter; true heroes take their personal honor so seriously they will fight for things that don’t matter.