I do tend to think that things that have incredibly long time horizons often do involve market failures.
Peter ThielIf people were super-optimistic about technology there would be no reason to be pessimistic about the future.
Peter ThielThe biggest secret in venture capital is that the best investment in a successful fund equals or outperforms the entire rest of the fund combined.
Peter ThielPeople working on bigger ideas on a more protracted timeline will be more on the stealth side. They arenโt releasing new PR announcements every day. The bigger the secret and the likelier it is that you alone have it, the more time you have to execute. There may be far more people going after hard secrets than we think.
Peter ThielNow itโs either about technology that doesnโt work or about technology thatโs used in bad ways. The anthology of the top twenty-five sci-fi stories in 1970 was, like, โMe and my friend the robot went for a walk on the moon,โ and in 2008 it was, like, โThe galaxy is run by a fundamentalist Islamic confederacy, and there are people who are hunting planets and killing them for fun.โ
Peter Thiel