Billionaire Peter Thiel: Starting a Business and Education

    An interview with billionaire investor and author of Zero to One, Peter Thiel. In this interview Peter discusses what characteristics a business should aim for and why it is better to have a monopoly instead of intense competition. Peter also talks about higher education, the future of technology and the meaning of life.


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    Video Segments: 0:00

    Introduction 1:30

    Horizontal and vertical progress 2:09

    Techology matters more than globalisation 3:06

    We have to invent in new things 4:30

    Civilisation must advance 5:12

    It’s better to risk boldness than to be trivial 7:03

    Competitive markets destroy profits 7:43

    There are only two types of business 9:13

    Analysis of Ford and GM 11:05

    Thinking of brand as an investor 12:17

    Focus on your product 13:34

    Must a company have sales and distribution before you would invest? 14:22

    A bad plan is better than no plan 15:31

    Do you plan ahead? 16:32

    Could the 24 year old peter thiel established the goal of you now? 17:04

    Isnt the advancement of computers enough? 20:02

    Slow growth and stagnation 21:48

    Are you like Ronald Reagan? 22:07

    Education in a bubble 25:22

    How will the bubble pop? 26:58

    Advice for 18 year old Peter Thiel 27:47

    The alternatives to University will take what form? 28:47

    What went wrong with the government? 30:47

    Private v public money 32:39

    If we could roll back regulation,

    would the economy recover fast? 34:10

    Should every bright student turn there back on the system? 35:20

    Teach for America 35:35

    New York v Silicon Valley 36:28

    New York trying to be like Silicon Valley 37:37

    Computers are complements for humans 39:59

    Free will 40:43 The meaning of life 43:40

    Interview Date: 23rd October, 2014 Event: Uncommon Knowledge Original Image Source:

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