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 to be no innovation. So an investment in Microsoft is a bet that the operating system is going to stay the same, it won't be replaced by Linux, Google Docs, or a mobile platform like iOS or Android.
Peter ThielTechnology 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.
Peter ThielThere are quite a lot of people who think my aspirations are not possible. That's a good thing. We don't need to really worry about these people very much, because since they don't think it's possible they won't take us very seriously- and they will not actually try to stop us until it's too late.
Peter ThielEvery universityโฆseem[s] to reassure you that โit doesnโt matter what you do, as long as you do it well.โ That is completely false. It does matter what you do. You should focus relentlessly at something youโre good at doing, but before that you must think hard about whether it will be valuable in the future.
Peter Thiel