Competition is for losers.

Peter Thiel

Investors

Peter Thiel

Born in 1967 in Frankfurt, Germany, Peter Thiel is a PayPal co-founder and Facebook's first outside investor. Through Palantir and Founders Fund he redrew the investment map of Silicon Valley, and in his book Zero to One he systematized the contrarian philosophy of 'avoid competition, pursue monopoly.' He stands at the intersection of technology and politics.

View this figure's profile

Source: Zero to One: Notes on Startups, or How to Build the FutureVerified

Peter Thiel's Other Quotes

What important truth do very few people agree with you on?

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 search engine.

A startup messed up at its foundation cannot be fixed.

Related Quotes

Competition is a sin.

-- John D. Rockefeller

The most important thing is being attentive to cycles.

-- Howard Marks

You can't predict. You can prepare.

-- Howard Marks

Concentration is the key. If you believe in something, you should bet big on it.

-- Bruce Berkowitz

The bulls might be right that the company's accounting is fine, but they're asking us to take it on faith. We prefer to verify.

-- David Einhorn

You have to understand the business before you understand the stock.

-- Mario Gabelli