is one of those rare books that can make a major difference in understanding.
These quotes are only two of the nuggets. So here is a thread on it.
Peter Thiele wrote:New technology has never been an automatic feature of history. Our ancestors lived in static, zero-sum societies where success meant seizing things from others. They created new sources of wealth only rarely, and in the long run they could never create enough to save the average person from an extremely hard life.
Peter Thiele wrote:However, you can't trust a world that denies the power law to accurately frame your decisions for you, so what's important is rarely obvious
A caveat: the power law has a limit for any given technology. This is what produces the well known S-curve of technical development. Only when a new, better, technology arrives is a new curve started: think copper land lines vs. optical fiber land lines. However, it is true that we tend to think in terms of linear changes, which don't fit well.
Some will remember Peter Thiele as one of the co-founders of Paypal and Palantir. Others may remember him more as an investor in many start-ups. In either case, he is writing about what he knows well
It would be nice to have comments from others on what nuggets they have found here - or reality based reasons to think a particular nugget is only fool's gold
