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Peter Thiel Quotes: Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones.
         

Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones.


Peter Thiel
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Other quotes of Peter Thiel


Today's 'best practices' lead to dead ends; the best paths are new and untried.

Today's 'best practices' lead to dead ends; the best paths are new and untried.



The most contrarian thing of all is not to oppose the crowd but to think for yourself.

The most contrarian thing of all is not to oppose the crowd but to think for yourself.



I no longer believe that freedom and democracy are compatible.

I no longer believe that freedom and democracy are compatible.



The most successful businesses have an idea for the future that's very different from the present.

The most successful businesses have an idea for the future that's very different from the present.



I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.

I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.



Every business is successful exactly to the extent that it does something others cannot.

Every business is successful exactly to the extent that it does something others cannot.



In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.



Under perfect competition, in the long run no company makes an economic profit.

Under perfect competition, in the long run no company makes an economic profit.



The most fundamental reason that even businesspeople underestimate the importance of sales is the systematic effort to hide it at every level of every field in a world secretly driven by it.

The most fundamental reason that even businesspeople underestimate the importance of sales is the systematic effort to hide it at every level of every field in a world secretly driven by it.



Of the six people who started PayPal, four had built bombs in high school.

Of the six people who started PayPal, four had built bombs in high school.





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Each drop that fell, had a story to tell.each smile that curved, said a million words.(Poem: Our Existence, Book: Ginger and Honey)

Each drop that fell, had a story to tell.each smile that curved, said a million words.(Poem: Our Existence, Book: Ginger and Honey)



The Yankees are one of the best teams. I want to stay with them forever.

The Yankees are one of the best teams. I want to stay with them forever.



Reading is one form of escape. Running for your life is another.

Reading is one form of escape. Running for your life is another.



Boldness in battle is nothing out of the way... but to face down fear in cold blood is rare in any man.

Boldness in battle is nothing out of the way... but to face down fear in cold blood is rare in any man.



It's never too late to move to a good place to try to improve your child's outcomes in adulthood.

It's never too late to move to a good place to try to improve your child's outcomes in adulthood.



People have more fun if they don't eat so much they have to be taken home in an ambulance.

People have more fun if they don't eat so much they have to be taken home in an ambulance.



The creative union of the conscious with the unconscious is what one usually calls 'inspiration.'

The creative union of the conscious with the unconscious is what one usually calls 'inspiration.'



In my writing I even question the universe; I wonder out loud if it is real, and I wonder out loud if all of us are real.

In my writing I even question the universe; I wonder out loud if it is real, and I wonder out loud if all of us are real.



The coaches always tell me to stay aggressive.

The coaches always tell me to stay aggressive.



Let a man's talents or virtues be what they may, he will only feel satisfaction in his society as he is satisfied in himself.

Let a man's talents or virtues be what they may, he will only feel satisfaction in his society as he is satisfied in himself.




Quote Description


This page presents the quote "Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones.". Author of this quote is Peter Thiel. This quote is about overrated, competition, destructive, avoided, practice, fighting,.