In the developed world, technological progress means that you can have a situation where there's growth, where there's … - Peter Thiel

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There's also something about your bed; it's sort of a symbol of yourself and of your marriage, if you're married. Making your bed doesn't seem to be an important thing in a happy life, and yet it can be that tiny foothold into a more orderly life that sometimes people need.

Peter Thiel

In the developed world, technological progress means that you can have a situation where there's growth, where there's a way in which everybody can be better off over time.

Everybody, Growth, Mean, Progress, Situation, Way

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Value investors look at cash flows. If a company can maintain present cash flows for 5 or 6 years, it’s a good investment. Investors then just hope that those cash flows - and thus the company’s value - don’t decrease faster than they anticipate.

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Never invest in a tech CEO that wears a suit.

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If you focus on near-term growth above all else, you miss the most important question you should be asking: will this business still be around a decade from now?

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Distribution may not matter in fictional worlds, but it matters in most. The Field of Dreams conceit is especially popular in Silicon Valley, where engineers are biased toward building cool stuff rather than selling it. But customers will not come just because you build it. You have to make this happen, and it's harder than it looks.

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There's a wide range of sales ability: there are many gradations between novices, experts, and masters. There are even sales grandmasters. If you don't know any grandmasters, it's not because you haven't encountered them, but rather because their art is hidden in plain sight.

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