Value investors look at cash flows. If a company can maintain present cash flows for 5 or 6 years, it’s a good investment. Investors then just hope that those cash flows - and thus the company’s value - don’t decrease faster than they anticipate. Peter Thiel More Quotes by Peter Thiel More Quotes From Peter Thiel Credentials are critical if you want to do something professional. If you want to become a doctor or lawyer or teacher or professor, there is a credentialing process. But there are a lot of other things where it's not clear they're that important. Peter Thiel doctor you lawyer teacher 'Perfect competition' is considered both the ideal and the default state in Economics 101. So-called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand. Peter Thiel economics competition achieve perfect Creating value isn't enough - you also need to capture some of the value you create. Peter Thiel value you capture enough The next Bill Gates will not start an operating system. The next Larry Page won't start a search engine. The next Mark Zuckerberg won't start a social network company. If you are copying these people, you are not learning from them. Peter Thiel start you learning people When I was starting out, I followed along the path that seemed to be marked out for me - from high school to college to law school to professional life. Peter Thiel me path life school In Silicon Valley, I point out that many of the more successful entrepreneurs seem to be suffering from a mild form of Asperger's where it's like you're missing the imitation, socialization gene. Peter Thiel like you suffering missing A diploma is a dunce hat in disguise. Peter Thiel dunce hat diploma disguise I think competition can make people stronger at whatever it is they're competing on. If we're competing in some athletic event for competitive swimmers, really intensely competing, it's likely that both of us will become better, but it's also quite possible we'll lose sight of what's truly valuable. Peter Thiel better think competition people The core problem in our society is political correctness. Peter Thiel core society political problem Don't bother starting the 10,000th restaurant in Manhattan. Find something to do that if you don't do it, it won't get done. Peter Thiel find restaurant you done There's absolutely no bubble in technology. Peter Thiel absolutely bubble technology How to teach people to do what hasn't been done is a great riddle. Peter Thiel great teach done people You become a great writer by writing. Peter Thiel become great you writing The most successful businesses have an idea for the future that's very different from the present - and that's not fully valued. Peter Thiel present future different successful I believe, basically, that individual freedom is very important. Peter Thiel i-believe freedom important believe It is true that you can say that death is natural, but it is also natural to fight death. But if you stand up and say this is a big problem, we should do something about this, that makes people very uncomfortable, because they've made their peace with death. Peter Thiel you peace death people People always say you should live your life as if it were your last day. I think you should live your life as though it will go on for ever; that every day is so good that you don't want it to end. Peter Thiel day good you life Every time you write an email, it is in the public domain. There are all these ways where security is not as good as people believe. Peter Thiel good you time people
