Competition is for Losers – Not Peter Thiel

Peter Thiel believes competition is anti capitalistic, and monopolies are the way to succeed. He believes that all successful companies are different, the wall street journal, in a typical clickbait media style, rephrased Pether Thiel idea to Competition is for Losers.

Peter growing up was a very competitive kid, he competed in school and got accepted into a prestigious law firm, to later turn around and leave the job realising that competition was not the smartest way.

Back to our subject, competition is bad, because competition eats your profits, and forces you to give your money to the advertising platforms of the world to get more business. Ideally you should find a space where you can have a monopoly, whether the monopoly is based on the geographical location or based on your product/service.