YOU ARE NOT A LOTTERY TICKET - Notes A big question. How much of what we do is chalked up to luck? This is true in life, start ups, and somewhat philosophical too, so it’s important. So he breaks it down into 4 topics - The question of luck - Determinate vs indeterminate futures - Is indeterminate optimism possible? - The return of Design - Overview Thesis - The question of luck is very hard to answer because you only have a sample size of 1 to go on - We live in a society that’s incredibly biased to thinking that things are dominated by luck - Finally, he takes a look at some alternative ways to think about the future to explore To start, when you think about how the 21st century will unfold, there are 2 axis: a technology axis and a globalization axis. So what do these things even mean? What are technological advances and globalization advances? - Globalization: copying things that already work. - It’s the story of China and the emerging world. - They mainly just have to copy things that already work & avoid copying bad ideas from developed nations - A lot of it is horizontal extensive progress. Going from 1 to N. - Technological Advances: This is being creative, innovating, being the artist or entrepreneur doing something that’s never been done before. Going 0 to 1. There’s something very different about the 2. With innovation, there’s something singular and non repeatable about it. So if we go back to the question and ask, was a given accomplishment just luck, a fluke, or was there more at play? With a sample size of one, variance becomes infinite. Mathematical models are useless. It’s completely unclear if it’s luck or not, especially if you go from 0 to 1. There is some evidence of repeatability. Steve Jobs, Elon Musk. But you could still say they just had one big break and used that to leverage their other big breaks, so it’s still hard to say. If you go back in time, the classical way of thinking was that luck was something to be overcome. - “I’m a great believer in luck, and I find the harder I work, the more I have of it.” - Thomas Jefferson - “The harder I work, the luckier I get” - Samuel Goldwyn Today, there’s a much different view: The lucky sperm club, you’re lucky where you’re born; and that’s what drives everything. And that applies to startups, the successful ones were accidental. And this worldview stems off of today's worldview of luck; so let’s challenge how much of this is or isn’t true. There’s 2 ways to look at the orientation of this question which is the past, how did I get here? And the future, where can I go next, where do I go from here? Is the future something dominated by chance or is thinking about it in terms of chance the wrong or incomplete way of looking at it? Now, the structure of the future, and you can think about it in terms of being determinate or indeterminate and optimistic or pessimistic. If you believe that the future is determinate, you’ll act with some level of conviction, you’ll have ideas, and you’ll have confidence to work to those ideas. If it’s indeterminate, the no. 1 rule is to diversify because you have no idea if it’s going to work and you should just try lots of different things and take some sort of portfolio approach to the future. Both of these ideas become self fulfilling. If you think it’s determinate and you focus on doing one thing extremely well, that leads to conviction, and then it becomes self fulfilling. If you think it’s fundamentally indeterminate, you have the portfolio approach and it becomes self fulfilling and more indeterminate. If you look at it in history, you can break it down in chunks of time. In the 1950s, we had determinate optimism, imaginations of flying cars, Star Trek tech. China has pessimistic determinism. If you have a definite determinism rate, you’ll know what to invest in. If it’s indeterminate, you won’t know what to invest in. The strange thing about indeterminate optimism is that it is the quadrant that has both low savings and low investment, and the big question is if that is a stable quadrant to be in at all? Is it possible for the future to be better when no one saves and no one invests because no one is thinking and everyone is outsourcing the thinking to other people. One other way you could describe this difference of this shift from determinate to indeterminate ways of the future is that the mathematical version is that the dominant form of math used to be calculus (determinate) and now it’s probability and statistics (indeterminate) The structural way is that in a determinate world you’re focused on substance, in an indeterminate world, all you focus on are processes, like, what’s the process for doing something. In practice, this translates to jobs. Optimistic determinism is engineering and art, where people have dreams about the future that no one else shares that they plan to turn into reality. Optimistic indeterminism is finance and law. Pessimistic determinism is wartime rationing, pessimistic in-determinism is insurance.
@tom-long3 жыл бұрын
Man, you're a beast!
@sanjaysunny85892 жыл бұрын
Thanks 🙏
@yglnvbrs2 жыл бұрын
damn, making conspects is a skill that i forgot how to use
@nonefvnfvnjnjnjevjenjvonej3384 Жыл бұрын
ya his argument is fundamentally flawed. there is no zero to one. everybody built on top of what came before. standing on the shoulder of giants is a thing. of course someone whose only claim to fame is a lucky investment in a social network would try and prove it was not luck. lol.
@mensrea1251 Жыл бұрын
👏 👏 👏
@nixtoshi9 жыл бұрын
Anyone else enjoying every word of this presentation?
@mikezooper8 жыл бұрын
+David Lopez No. A lot of it is nonsense. It's similar to the advice given by naturally calm people to people who get stressed easily. The calm people never had to work on themselves... they just have a calm temperament by nature. The truth is that psychologists have studied success. The largest factor of success if emotional resilience, but the other hugely important factor that I've never heard anyone ever say is high energy levels. ALL successful people I've seen have huge energy levels... that and emotional resilience. They are above average intelligence usually too. However I don't think success is anything else but that. Having high energy levels is luck... it's mostly genetic. Resilience is also genetic, in that it can't be learned (you can increase it a reasonable amount but not enough to get huge levels of success if your emotional resilience is low).
@nixtoshi8 жыл бұрын
***** I have to disagree. You are not a lottery ticket. What you call innate abilities are the product of work, environment and karma/dharma from this and previous lives. In essence we get what we deserve. If you want better, you work for it. I used to be very irritable as a kid, would get mad at my sister easily for anything. But now, I am what you call a calm person 'by nature'. Truth is, I worked on myself eliminating the ego or at least, keeping it at bay. If you are looking for a true -key advice- to success, let me share one with you. At the elites it's common to see that almost everyone (if not everyone) has some sort of spiritual activity that is practiced often, and people keep these very close to themselves. From Cleopatra, to Einstein to Bruce Lee to Oprah to Steve Jobs. There is a reason behind the "illuminati" conspiracy, the illumination is a real spiritual concept that happens every day to many people and there is no doubt that what happens inside resonates outside. Some of the very best you can follow: Zen Buddhism and Gnosis (books from Samael Aun Weor or attending to classes). Best
@AlumniQuad7 жыл бұрын
um uh...sort of...um uh...in some sense...um uh...but again...um uh...in some way...um uh...
@verapamil077 жыл бұрын
Yes, love it, very insightful.
@PlaneToTheBrainES7 жыл бұрын
David Lopez Absolutely yes! :)
@AcharyaChanakya1084 жыл бұрын
More relevant than ever in late 2020. Truly timeless wisdom.
@nintendo92318892 жыл бұрын
Especially in 2022 considering the klaus schwab great reset.
@shway12 жыл бұрын
@@nintendo9231889 that was in 2020, and even before that. it's just a continuation of the same bs they say to try to look good and pretend like they care about the environment. then you have the lunatics who actually take them seriously and turn it into some wild conspiracy theory.
@peony7967 Жыл бұрын
Even more now
@patrickoconnor7919 Жыл бұрын
even more now
@younesszaim32349 ай бұрын
even more now
@Mojangx2 ай бұрын
I find myself in awe right now.. Growing up I used to have radical imaginations of the future and had great conviction of them too.. but now I’m much more focused on money and safeguarding myself rather than really working to advance that future. I’m inspired by Peter Thiel and know y’all are too!
@pfschuyler6 жыл бұрын
Holy crap. I knew Thiel was a great mind, but this is the best one yet. Really fascinating, practical and ingenious view of society.
@hydrazine194 жыл бұрын
Thiel’s grid basically covered a major question on my mind for a while now. Somehow he’s able to structure the question, provide a simple framework to explain the observed phenomenon, and extrapolate on the underlying reasons. That’s when I realize how far away I am from genius level intelligence.
@CFox.74 жыл бұрын
relax bro hes a synth
@mr.solomun95462 жыл бұрын
Yeah it's batshit insane!
@shway12 жыл бұрын
there is nothing genius about this talk.
@pageek3487 Жыл бұрын
Ease up on the cool-aid.
@sanmagarinos Жыл бұрын
Clarity and intelligence are not so correlated. A lot of geniuses are babblers. He probably had a lot of conflicting theories before coming up with an answer and presenting it in a cohesive way.
@wave641 Жыл бұрын
people say majoring in philosophy is a waste of time, yet here you have arguably the best investor, and one of the best minds of our time using it as a clear foundation for everything he does in both metaphysical and utilitarian terms. of course, him being a genius helps as well.
@tensevo6 жыл бұрын
Just simply fantastic speech. Bravo.
@tensevo6 жыл бұрын
...just to clarify, anyone can say what he is saying and come up with a compelling narrative of how we got here, but he has consistently put his money where is mouth was, and his investments have delivered, big time. This gives his word much greater impact.
@PlaneToTheBrainES7 жыл бұрын
Everytime I hear Peter talking it enlights me. He is just so freaking right... It's just so sad how well he describes the world. This shift from determinate optimism to indeterminate optimism, and, after all, to pessimism.
@Tdtdtosyodpdydpypx4 жыл бұрын
Bootlicker
@demetrius85944 жыл бұрын
@@Tdtdtosyodpdydpypx commie
@shway12 жыл бұрын
@@demetrius8594 bootlicker
@AlexIsUber3 жыл бұрын
Wow... i always heard that Thiel was a brilliant guy....I can't believe I never heard him speak until now. Amazing talk.
@Kobe292619 жыл бұрын
How is anyone this intelligent! Man! Thanks for this! I loooooved it!
@tensevo6 жыл бұрын
Broadly agree but would you agree his philosophy trumps his intellect?
@vl23785 жыл бұрын
Thiel’s philosophy>Aristotle’s and Plato’s and Socrates’ philosophy
@maxbooth1794 жыл бұрын
Lololol
@Kobe292614 жыл бұрын
@Space Monkey Hello pot! I'm kettle!
@josefinschwartz83096 жыл бұрын
WOW! Peter thiel is the ultimate philosophical thinker!
@OwnD15 жыл бұрын
Guru worshipper
@tattah964 жыл бұрын
he studied philosophy
@josefinschwartz83094 жыл бұрын
@@tattah96 ah i didn't know that
@maxbooth1794 жыл бұрын
Lol r u srs
@robberthcz5 жыл бұрын
This guy is genius, his ideas are breathtaking.
@ianzeta88394 жыл бұрын
YOU are breathtaking
@bahroum694 жыл бұрын
@@ianzeta8839 What the hell is wrong with you?
@ianzeta88394 жыл бұрын
@@bahroum69 Its a meme dumbass
@benjaminsibson42654 жыл бұрын
@@ianzeta8839 looooool
@ishish88163 жыл бұрын
@@ianzeta8839 Savage 😭
@garrettbryan27174 жыл бұрын
I love that he talks about infrastructure! We can’t even maintain what was built 70 years ago let alone build with the passion of that time!
@anupamshah76946 жыл бұрын
For more information please read his book "Zero to One" especially if you are working in core technologies, could be mobile apps or AI or anything more specific. It will change your mindset and open you to a new world of possibilities.
@kaypakaipa85595 жыл бұрын
best thing i ever read honestly. bought the audio book. listened to 5times.
@surendrashekhawat41553 жыл бұрын
I’m thinking starting a company in Blockchain or Fintech in time condensing sequence.🌱
@tez8306 жыл бұрын
Excellent presentation by Mr. Thiel. Thank you.
@AlexanderMoen3 жыл бұрын
How is this 8 years old and I'm just now hearing this? I'm only a few minutes in and this is already seeming like an incredibly important talk
@Deepak_Tao6 жыл бұрын
Love his ideas a lot..Speaks like a true visionary with tons of lessons and case studies from the past (from all geographies) and all structures- capitalist or socialist and comes up with non partisan analysis of the world. Amazing speaker to listen to. Thanks for the upload.
@rhythmandacoustics5 жыл бұрын
He is one of a kind thinker. The main point of the book was that you should not rely on luck but it is good if you do get lucky. The title is " you are not a lottery ticket" meaning that you just don't get random chance. You have to make preparations and plans regardless of you are lucky or not. It would help to be lucky but relying on luck is bad.
@mackeejack67312 жыл бұрын
It wouldn’t help to get lucky, it’s the deciding factor. And begins way before you’re cognizant of it. If you have enough talent, you can work your way to success. But if you don’t, you’re just wasting time
@rhythmandacoustics2 жыл бұрын
@@mackeejack6731 you are ignoring luck is which basically unknown variables. You think that success or failure is just based on skills alone. Which is wrong. Even smart people fails when the conditions are not in their favour.
@osamataha336 Жыл бұрын
Isn't this basically, being at the right place and time (aka luck) more important than being the right person?
@rhythmandacoustics Жыл бұрын
@@osamataha336 At the beginning yes but how long can you hold your position if you have no skills. Getting to somewhere is hard but retaining that position is even harder.
@u7nk2000 Жыл бұрын
@@rhythmandacoustics absolutely, however you do need to get lucky first and sometimes there’s a buffer until the competition catch up so luck is 80% of the equation I would say
@MADMAX73303 жыл бұрын
I didnt expect to, but oh my word, did I resonate with this! New found respect for Peter Thiel!
@terrythompson75356 жыл бұрын
I love to hear this man speak
@nemesis11343 жыл бұрын
Ok here from a Solving the Money Problem comment. Great thing about these videos is that we can have deeper perspectives with nuances of times and years past, I might have even been at that SXSW.
@Innovate-Vancouver4 жыл бұрын
Practical, simplified, and deductive reasoning to help evaluate existing, emerging, and novel markets & opportunities. Creating the future or responding to the present.
@AlexRodriguez-rq4jf10 жыл бұрын
Peter Thiel and Elon Musk are near-perfect examples of entrepreneurship. They have the 'moonshot thinking' mentality and that is what we need to contunie innovation and improve humanity.
@mosialive4 жыл бұрын
Except that Peter Confessed that he'll never bet against Elon... hah aha
@Tdtdtosyodpdydpypx4 жыл бұрын
Bootlicker
@MrDivad0065 жыл бұрын
- when people have ideas for a better future, money is a means to an end, there are specific things people want to do with the money. When people have no idea how to build a better future, money becomes an end in itself, people accumulate money and don't know what to do with it. - monotonic and potentially never-ending improvement
@thomasschaffer56125 жыл бұрын
I love Peter Thiel, I love what he has to say. What I do not love is that for all the unique ideas he has, he doesn't act any of them out. He invests a small percentage of his money into research, and small amount into the Thiel foundation. If he wants the world to revert back to an optimistic certainty, he should be the first person to commit as much of his wealth as he can. And not wait for a braver billionaire/millionaire to do it first. Elon Musk and Jeff Bezo's do this somewhat, but to the length Thiel proposes, he bawks at decision to do it first.
@xKoeix4 жыл бұрын
He already is, in palantir, but he does not do it in an bombarstic elon jeff style
@seanpierre13384 жыл бұрын
he is not an engineer (he admits this) so his technical knowledge is limited
@pickywolf2728 Жыл бұрын
@@seanpierre1338 Engineers have limited knowledge too. Every human is limited.
@StanSensei2 жыл бұрын
The Einstein of entrepreneurship. 99.999% of entrepreneurship advice out there is pure garbage about creating scams and copying others, thank you Peter for inspiring us to think for ourselves and value vision over risk management.
@PeterThieledigital10 жыл бұрын
Thiel's Thoughts are terrific. He is a futurist. I appreciate his vision. I bet hanging out at a cocktail party with Peter and Ann Coulter is fun.
@CheeseCakes119446 жыл бұрын
wow, what incredible ideas, and thinking, its great that he has the succesfull history to back it all up.
@vl23785 жыл бұрын
Thiel is the smartest man of the 21st century. Treasure his every word.
@maxbooth1794 жыл бұрын
Lmao
@c.s13934 жыл бұрын
Not even close
@charlech4 жыл бұрын
nah it's Elon. He could be #100.
@christopherarmstrong27104 жыл бұрын
24:12 Shift from definite to indefinite views of the future = Shift from engineering to finance. Money becomes much more important, transforms from a means to an end to an end in itself. 29:00 Natural drift from finance to insurance (Warren Buffett play).
@phambiliS2 ай бұрын
Absolutely amazing talk and vastly deep knowledge that's beyond insightful.
@Okelydokely711 жыл бұрын
Living in a society where agency is viewed as limited to nonexistent is actually a real advantage for those who believe in it; by going after a more valuable long-term outcome and beginning to succeed towards it, they are imbued with an aura of "evolutionary validation", becoming the safe outcome in a landscape of dangerously unproven options. In an environment of optimistic determinism; they would not be able to attract as much attention/capital because it would "optimistically" be elsewhere.
@stanisgmi2 жыл бұрын
I respect this man so much …
@ccdavis943036 жыл бұрын
Great talk. The analysis overlays on the 2x2 grid gives a lot of insight.
@LongArrow1810 ай бұрын
Unbelievable. This 1 hour talk gives me more ideas than a year in college
@octavioavila65487 ай бұрын
This was really good. I was firmly on the luck camp before watching this talk. Now, I'm not so sure. Peter Thiel makes some really good points here
@philipgoetz11 жыл бұрын
Very cool. Listening on and off throughout the workday. Audio quality is excellent. Video great as well.
@karlnordenstorm88164 жыл бұрын
Best Peter Thiel talk ever?
@555Trout3 жыл бұрын
His speaking style was much better here than now.
@TroyMountain5 жыл бұрын
6:36 "Right place, right time"-- by person(s) who *decided* to be a certain place doing a certain thing at a certain time.
@adaptkng10 жыл бұрын
Peter Thiel for President, this should have 300 million views
@vivianoosthuizen89907 ай бұрын
We really don’t need anything new anymore what is really needed is to do what we do make what is made but do it better.
@SamuelHauptmannvanDam10 жыл бұрын
It is pretty amazing how he oversees the other options in his deterministic vs indeterminate and positive vs negative.
@paideia-e9u3 жыл бұрын
Thks much for sharing. Having overcome a great many years of profound self-sacrifices, achieved an incredible personal breakthrough, progress in technology, wealth, power, and conventional fame to this date; however, many great men, women, and the whole world continue neglecting and unable to identify some of the greatest, most meaningful, and much more needed projects to timely rescue and heal the many internal, desperately state illnesses, wounded physical, mental, and spirits of the people throughout the world, not in space or Mars. *** What is it and when? Best wishes always, altc, Paideia Academy & Society
@mbabcock1112 жыл бұрын
The very fact you are born is unbelievably lucky in this vast Universe. Notwithstanding that axiomatic position, let's focus in on the preoccupation of human existence.
@MannyReyes10 жыл бұрын
Peter Thiel = Badass
@Stranger_In_The_Alps4 жыл бұрын
My favorite part of Peter is him helping Hulk Hogan absolutely rek that trash company gawker
@ishish88163 жыл бұрын
*Seek revenge on the dude who outed him as gay.
@thebookwasbetter36503 жыл бұрын
He secretly told Hogan's lawyer, I will fund the lawsuit for years if necessary.
@rightwingsafetysquad98723 жыл бұрын
Hey, any reason is a good reason to destroy that kind of social trash.
@marisahokefazi29493 жыл бұрын
Very interesting. Btw, that is one of my favorite movie scenes.
@zbynekdrab807710 жыл бұрын
1. One of the most important guys currently alive. 2. "Um", "sort of" and "you know" ought to be removed from vocabulary for maximal effect.
@da_revo57475 жыл бұрын
knowing that one does not and cannot know is the mark of a true philosopher
@Conorscorner2 жыл бұрын
Really smart guy, I really admire him alot on paper and like him as a person... I just can't get through his talking engagements without completely losing interest in the thing he is talking about... hmmm...
@varshneydevansh6 ай бұрын
ahh these old gold mine videos
@craigrinzema535911 жыл бұрын
Birth is the only time when we are at the mercy of luck. Every single action you take has a consequence. Those consequences are never luck. By saying, "getting into the entertainment industry is like winning the lottery!" you are failing to acknowledge the work agents do and the reasoning and decision making process behind the work they do. "To be able to say "you're wrong, and here are the reasons," is respect." ~ Penn Jillette
@flxkts2 жыл бұрын
One hour of Peter Thiel not understanding luck.
@shivagoel6576 Жыл бұрын
24:16- About future: Definite(People have ideas about how the future's gonna look like)/Indefinite(People have no clue about future) and Optimism/Pessimism. Combination of 1 from each sums up the situation of the society, most of the times. More of that.
@shwetangshah4 жыл бұрын
Amazing . Thank you
@PeterBrennanfisic8 жыл бұрын
Great talk. Would have like to see more emphasis on conclusions at the end.
@Gothisown9 ай бұрын
If your watching this your lucky
@animatetheidea79459 жыл бұрын
There are people who know and they are the ones who are lucky. Usually both in one person.
@AnkushSharma-zv5hv2 жыл бұрын
Every word is a gem
@Mel-mc5gv6 жыл бұрын
I feel like I’m listening to a homily. 💎☯️💗💎
@mitsu.hadeishi9 жыл бұрын
I enjoyed this talk and I found it rather amusing and interesting that he actually acknowledged one of the arguments made by environmentalists against a pure unregulated market, and at the end even had a nice thing to say about Marx. Though I'm sure Peter Thiel isn't endorsing Marx here in anything but an extremely limited and narrow sense on one topic, it was still rather shocking and funny to hear one of the most famous libertarians on the planet say anything positive about either environmentalists or Marx... :)
@CollinGravesPersonal9 жыл бұрын
Mitsu Hadeishi He's certainly libertarian, but I think he's of the variety that focuses on logic rather than political persuasion :) we need more people like him.
@mattmarkus48685 жыл бұрын
He's a deep and original thinker with broad influences, not a caricature of [insert label]. He's not going to have obvious reasons for the positions he takes.
@peterdrossos960710 жыл бұрын
mad props to this guy; fuckin genius; love listening to him
@TheTylrBllmn8 күн бұрын
He should read up on the studies that have found luck to be one of if not the biggest factors in the success of rich people
@happeroh3 жыл бұрын
Peter now speaks at 1.25x the speed he did in this video
@anchitgoyal77413 жыл бұрын
Was that a secret elevator pitch by Thiel to be a monarch? If it is, I cannot wait. All hail the one true King!! :P
@jerryhunter5242 Жыл бұрын
Peter Thiel is smart, rich, eloquent and “makes sense”. Personally, I’m always skeptical of what Daniel Kahneman calls “illusion of understanding and Nassim Taleb refers to as “Epistomologic Arrogance”.
@samt17054 жыл бұрын
This speech focuses on future, where we go from here..? Is the future dominated by chance? He has an alternate perspective on that question using his {2 by 2 matrix based on optimism and determinism}. Which of the quadrants of the matrix you believe in, determines what approach you take in life. Your beliefs become self-fulfilling.
@flowerpt4 жыл бұрын
Amazing talk. One quibble @33:30. Nozick only presumes the existence of an individual - we can prove that individuals exist in base reality. Rawls presumes that social democracy is real. We can't show that it isn't a mass delusion because we know that it only exists at the level of ideas Point to Nozick.
@honkhonk8009 Жыл бұрын
Thiel is right. I see this alot in countries aswell. America is a country that beleives strictly in deterministic futures. Germany is a country that beleives in indtereminate and statistics driven future. Germany feels more driven by finances and traditional/conservative business practices imo, while America seems bigger on tech and "the next big thing". America is subsequently known for the shit ton of money it gives startup while Germany is known to have a severe brain drain crisis to America. America has no free healthcare and has a sever elack of social services, while Germany has a strong set of social services since they beleive you can fall through the cracks purely by chance. America is a special country imo. Just because of how deterministic people are.
@jonathankey6444 Жыл бұрын
The optimism of old, such as building the tallest buildings in the world, is now called “duck waving” and rockets are called “phallic-shaped wastes of money which could be given to the impoverished” as if no extraordinary pursuits are worthwhile and they’re all ultimately some form of injustice, which has become a cudgel
@20thcenturyboy853 жыл бұрын
Awesome! THANKS!
@pixelmasque Жыл бұрын
When you speak to many Chinese today they are both doing very well and optimistic, I'm finding Americans quite pessimistic regards the economy and US dollar, amongst other political issues, granted it's hard to define a nation and predict the future, since the butterfly effect and chaos will always play it's hand. Life usually doesn't agree with your projections, modelling complex systems is difficult.
@paideia-e9u3 жыл бұрын
And therefore, for the sake of Oneself, humanity, and immortality, according to the Ancient Chinese Secret Wisdom Tradition, what are the five kinds of most prosperous, most powerful knowledge and wisdom that every individual could and should possess? altc, Paideia Esoteric Society
@aarjav__jain3 ай бұрын
I want to understand what Peter Thiel was talking about, that there is a specific way to track the poorer version of the developed world where people will get old before they get rich. What is that specific way?
@rhythmandacoustics4 жыл бұрын
26:28 Growth stock that reinvest their cash are better than companies that have large sums of cash
@MrcValentino11 жыл бұрын
The information is great. I want more people to see this. However, the delivery is a bit on the dry side. 0_o
@MENDLER17 жыл бұрын
The high class mobility in the USA shows that intelligence and hard work are the keys to success.
@nothingOr010101019 жыл бұрын
What was the movie playing around the 38:00 mark?
@the_primal_instinct4 жыл бұрын
The idea of investing into companies with no cash flow because they have ideas really aged well with the recent successes of Tesla.
@bahroum694 жыл бұрын
Not so much for Uber since IPO or on a different level, Nikolas though.
@samt17054 жыл бұрын
Going from zero to one!
@maryma463 жыл бұрын
Disagree with the saving rate’s correlation with optimism or pessimism in China. The culture has been highly valued saving as an essential virtue for thousands of years. Vertical comparison with itself shall make more sense than horizontal comparison.
@schmetterling4477 Жыл бұрын
Just because you are not a lottery ticket doesn't mean that Peter Thiel is not a losing ticket. ;-)
@breathetoprosper7 жыл бұрын
Great conference
@marcelhorstmann643510 жыл бұрын
It's simply awesome. Really had to laugh out quite loud at 25:30 :-D
@matthewomalley96953 жыл бұрын
I am glad to be of service by dispelling the fundamental randomness and meaninglessness of the universe perception of reality as erroneous… 😎
@GiveMeAnOKUsername4 жыл бұрын
This is reminiscent of Robert Pirsig. i.e. qualityless view of reality.
@stanisgmi2 жыл бұрын
When does Pirsig talk about the view of reality which lacks quality ?
@ycnexu5 жыл бұрын
I would add that Western culture is mostly sensate and Epicurean, whom Peter mentioned. It's a model of individualism, Ayn Rand, dog-eat-dog mentality, rent-seeking, leisure and entertainment. Health and wealth to live a good, enjoyable life. The defining word of sensate culture is happiness. The opposite would be the ideational culture. Modern radical Islamism, nazism and communism before, medieval Europe. The defining word of ideational culture is meaning. There are ideational fragments in US as well, for example working yourself to the bone for your company. Companies that manifest collective meaning are rare and very popular: Tesla+SpaceX, Apple. In absence of religion, most ppl today believe in Tech that will save the world +AI (or destroy it), in social justice, in vegetarianism, in climate change. There's a perpetual tension between these opposing worldviews, and each generation, as well as each individual have to find a way of synthetizing them, because each of them taken to extremes leads to catastrophes.
@jsourouh4 жыл бұрын
Link for the movie clip that you can't hear the audio for: kzbin.info/www/bejne/hX2mfWmFjseGitk
@datguyoverdere66167 жыл бұрын
I aggree with alot of these things, but I'm stuck trying to figure out where all these people with money are, there are massive ammounts of unemployed people, they're scrounging the change they have thats why they're saving, not because they want to...
@nitieprasad19 жыл бұрын
Dominant theme is EXTERNAL.. No where the PERSON / INDIVIDUAL took to main stream. This is peculiar to WESTERN mode of thinking... Eastern way of thinking will be different and opposite to this kind of thinking ! . Over all it is great to see this approach !
@syth4067 жыл бұрын
Do you consider the communist ideology, which is/was adopted by several Asian countries, not to be focused on creating progress through external assertions? I think the lines are more blurred than you are making them out to be, especially in the 21st century.
@aleksandrasignatavicius67727 жыл бұрын
amazing
@datacenteredleadership94004 жыл бұрын
Sounds like it's time for me to take a more determinate and optimistic view of the future, then use it to take other people's money for investments.
@jacksonpaul19274 жыл бұрын
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@EvaGreenFanPennyDreadful10 жыл бұрын
No, people that say those words are THINKERS. Some people pause.
@suannee10 жыл бұрын
what is the movie clip from?
@harshkn4 жыл бұрын
I am late but the movie clip is from the movie "no country for old men"
@rickdeckard10758 жыл бұрын
"outsourcing the thinking" - that's the US... the bottom line of this talk is: "why doesn't the US build new stuff anymore? answer: engineers/physicists became app programmers because they arent allowed to build anything else (because of regulatory environment)..."
@rickdeckard10758 жыл бұрын
...
@iceman182118 жыл бұрын
I was going to move my startup to the US until Donald Trump got elected. There are more laws in Canada, but the US political environment is unstable.
@rickdeckard10758 жыл бұрын
Mykyta P. Good, we won't be wasting SBA grants/incubation funds on foreign citizens....there are plenty of patriotic Americans who deserve them.
@iceman182118 жыл бұрын
Canada has more gov grants. Companies come here just for the grants. US has a better investment industry in New York and Silicon Valley. Easier to raise a few mill in the US.
@rickdeckard10758 жыл бұрын
Mykyta P. For software or other non-manufacturing...for anything to do with durable goods it's a bitch to get a small business thru the loops...
@tensevo6 жыл бұрын
Very Bullish on Facebook - I have great respect for Mark Zuck as a business man even though I disagree with his politics on occasion.
@maribethcondrillon10792 жыл бұрын
I am very proud of you sir ❤️ I would be happy to meet you all on time I got there I want to convey to everyone I am not perfect I am not ashamed that I did not finish my studies. yesterday I was hurt, someone posted on my fb saying that I need the education I want to say are you insulting me? I keep my mouth just to embarrass Me in the world uh my god man you are wrong You are the one with the problem Not me.