Peter Thiel: Successful Businesses are Based on Secrets | WIRED

My favorite QUOTE of the speach: "We live in a world where COURAGE is in shorter supply then GENIUS". So true.

Saying: "death is a natural part of life" Thiel's response: "it is at least as natural to fight it" That's a doer attitude if I've ever seen one. I applaud it!

Everytime I hear Peter Thiel I can't help but think how much reason he does have. This is truly gold.

I really like how respectful and thoughtful the interviewer here is. You get so many talks where the interviewee can't really spread his wings because he has to work with trivial questions or where the whole talk diverges into smart jokes. Very good interview.

This man is like an ever flowing fountain of wisdom. Listen to him, pure dense coherent wisdom, and not a single stumble while he's at it.

So.....1. Try to get a monopoly on a market without looking like a monopoly to the government.  2. Get the timing right. i.e. time to enter the market and exit if need be.  3. Have a secret no one else has.  i.e. a patented technology, a social angle, some kind of niche or secret that helps to form your monopoly.  4. Having the right team.   Getting that well oiled machine up and running on all cylinders.  Team first.  5. Foster an atmosphere of creativity, cooperation, and work hard, hard, hard.    OK got it. Look out world.

This guy doesn't waste a sentence. Full of knowledge. Like he is in the military giving orders. LOL! I like this guy.

Peter Knew all the kinds of businesses in the future that would dominate the market. Invest in all stocks that are like the businesses he mentioned.

This dissertation is very instructional. He discusses controversial points and provides questions and answers for different situation. Great video.

The questions that I can hardly answer is that Google, Facebook, (you name it) are not an example of zero to one as there were search engines, there were social media comps, etc. They came up with a much better way of doing search, or connecting people in a much better way in facebook. The other famous comment which is kinda against this argument is that no one remembers the first but everyone remembers the best.

strange to think I went to high school with him, we were in the Computer club together ... I never paid him much attention ... bad decision.

"We live in a world where courage is in shorter supply than genius." Courage has always been in shorter supply. In small community of a few thousand people, there are almost certainly at least a hundred people who are genius level. It is usually fear that keeps their presence almost undetectable.

14:00-15:00 he is talking about mastery of a field. Only through constant observation will nature reveal its secrets.

I clicked on this video thinking that there's no way I'm watching the whole thing... and here I am writing this comment after 1 hour 11 minutes and 11 seconds has passed...

What an incredibly smart guy. Great interview!

awesome video!! thank you!!

People don't like Thiel ,Cause he speaks the truth.

Dear Peter, I have been reading your book these days~ So impressed and will follow your leading ideas for my business forward. I think you are the genuine entrepreneur and you have been the best mentor whom many youths want to follow~ -Best regards/Julie In, S. Korea

absolutely brilliant!! i work on macro strategy for firms and this guys is spot on!!

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