Classic 23: Lessons from Billionaire Peter Theil

<p>On today’s classic episode,&nbsp;we study Billionaire Peter Theil. Peter&nbsp;co-founded PayPal and he was the CEO until the sale to eBay in 2002 for $1.5 billion. After the sale of PayPal, Thiel started a big data analysis company called Palantir Technologies.&nbsp;He also became the founder of a venture capital firm called Founders Fund. With this firm, Thiel became Facebook’s first outside investor when he acquired a 10% stake for as little as $500,000 in August of 2004.&nbsp;Peter’s personal net worth today is about $5 billion and he remains active in numerous tech businesses.&nbsp;</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>06:26 - Why and how Peter Thiel is always inverting his thinking and why you should do the same.</p><p>15:48 - Why do visionaries think in terms of a tipping point for employees rather than a tipping point for revenue.</p><p>38:52 - Why computers replacing people is an angst narrative that is not true.</p><p>44:45 - Stig and Preston answer a question from the audience and discuss how much value investors should pay attention to the bond yield curve.</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Listen to<strong>&nbsp;</strong><a href="https://podcasts.apple.com/fi/podcast/tip-007-peter-thiels-book-zero-to-one-investing-podcast/id928933489?i=1000374150258" rel="noopener noreferrer" target="_blank"><strong>Preston and Stig’s discussion of&nbsp;Peter Theil’s book, Zero to One</strong></a>, or watch the&nbsp;<a href="https://www.theinvestorspodcast.com/episodes/ep7-peter-thiels-book-zero-to-one/" rel="noopener noreferrer" target="_blank"><strong>video</strong></a>.</li><li>Read Preston and Stig’s executive summary of<a href="https://www.theinvestorspodcast.com/billionaire-book-club-executive-summary/zero-to-one/" rel="noopener noreferrer" target="_blank"><strong>&nbsp;Peter Theil’s book, Zero t