A Quote by Peter Thiel
As an investor-entrepreneur, I’ve always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not looking.
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Thinking about how disturbingly herdlike people become in so many different contexts - mimetic theory forces you to think about that, which is knowledge that's generally suppressed and hidden. As an investor-entrepreneur, I've always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not looking.
The best opportunities are often ones where you're being contrarian. That doesn't mean being contrarian for contrarian's sake, but it means you're thoughtful about the risks of following the crowd.
To be a contrarian, you've got to be a contrarian against your own people.
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
The entrepreneur in us sees opportunities everywhere we look, but many people see only problems everywhere they look. The entrepreneur in us is more concerned with discriminating between opportunities than he or she is with failing to see the opportunities.
Just strengthening that theme that America is a place of opportunity and hoping to inspire people to fulfill those opportunities, and to want more, and to want better, and to see the places we can go. So many people identify with me because of the place that I come from.
I have a bad rote memory, but I tend to learn through my experiences. And then when I went into the markets, and then starting my business as an entrepreneur, that affected my thinking a lot, too, because in order to be successful as both an investor and an entrepreneur, one has to be an independent thinker and bet against the consensus and be right. Because the consensus is built into the price, and if you're not an independent thinker in the markets you won't succeed. And if you're not an independent thinker as an entrepreneur starting out, you're not going to bring anything special.
Running for office, or suggesting you might, is no longer about being a politician but being an independent opinion or sensibility entrepreneur. You're looking for an audience to identify with you. Rather than trying to convince a majority of the electorate, you're looking to cull your particular following.
As an entrepreneur and investor, I prioritize construction and collaboration. Whether it's a five-person start-up or a global giant, the companies that are most productive are the ones whose employees operate with a shared sense of purpose and a clear set of policies for responding to changing conditions and new opportunities.
I couldn't make ends meet. I tried Red Lobster. I tried Wal-Mart. I tried all these places and I couldn't make it. I couldn't. So, I tried this gentlemen's club, and, you know, I worked there, and it was just awful in those places. It was terrible.
You can be entrepreneurial even if you don’t want to be in business. You can be a social entrepreneur focused on the not-for-profit sector. You can be an agriculture entrepreneur if you want to change how people think about farming. You can be a policy entrepreneur if you want to go into government. The idea of an entrepreneur is really thinking out of the box and taking risks and stepping up to major challenges.
I'm always looking for those places where you can slam really disparate people up against one another, and they have to deal with each other. There are very few crossroads anymore. We talk about this country as this big melting pot, but it's a mosaic. There's all these pieces, they're next to each other, they're not necessarily mixing. And I'm looking for those spaces where people actually do mix.
We need to strengthen basic infrastructure in border areas so that people don't migrate to other places looking for better opportunities.
You don't know what a rough crowd is. If all I have to do is go make people laugh, that's nothing. Let me tell you what a tough crowd is. A tough crowd is going to a morning service and you got six people there and you gotta pay your house payment. That's a tough crowd.
You don't know what a rough crowd is. If all I have to do is go make people laugh, that's nothing. Let me tell you what a tough crowd is. A tough crowd is going to a morning service and you got six people there and you gotta pat your house payment. That's a tough crowd.
The greatest opportunities today are to go into business for yourself as an entrepreneur.
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