/lit/ - Literature

>>15532162
You already know the answer, Anon.

>So far, Thiel has set up six firms (Palantir, Valar Ventures, Mithril Capital, Lembas LLC, Rivendell LLC and Arda Capital) that take their names from Tolkien's creation.

Yeah, I'm thinking he's based.

>>15532162
Thiel is a massive homo who made his money to have easy access to teenage boys

>>15532162
so, no joke, i actually went to stanford, knew thiel, helped him edit the book before publication. cryptonomicon, motherfucker.

ANYWHO, i would not recommend. its obvious and basic stuff: high risk, high yield. basically, focus on the 2 companies of your portfolio of 100 that are actually earning and carrying the others. all about them blue chips and getting in early.
as far as judging shit from the "ground floor," thiel thinks competiton, at least for investments, is baaaaad. find those companies that either 1. dominate/excel in a niche, or 2. outperform their competitors by a measurable factor of 10x.
and so you see that's all sorta obvious. everyone wants in, early on, on these great VC opportunities. judgment matters, take risks, look outside the most competitive and therefore most saturated market regions, etc. etc.
das purty much it, anon.

why are you interested in this book, anyway? do you invest?

>>15532237
what books would you recommend instead? also, what do you think thiel's endgame is?

>>15532237
>when reading summaries on Medium goes wrong

It's not a book about investing.

>>15532246
on what, investing? and thiel's endgame is exactly my endgame, and should be yours, too: immortality.

>>15532256
...ill wait. beyond the entreprenuerial aspects, which are dumb and not worth mention, what part of my summary is inaccurate, exactly? man, how much harder it is to point out a real flaw instead of just shouting "wrong!"....

>>15532237
That´s brety cool!

I read the book - it´s just word dihrea

>>15532207
>>So far, Thiel has set up six firms (Palantir, Valar Ventures, Mithril Capital, Lembas LLC, Rivendell LLC and Arda Capital) that take their names from Tolkien's creation.
How do the names relate to LOTR? Someone give me a breakdown

>>15532347
Just google them
Palantir was the seeing stone Saruman used
Valar are the gods of Middle Earth
Mithril is the metal the dwarves were after and what Bilbo's mail shirt was made of
Lembas is the bread the elves give them
Rivendell capital of the elves
Had to look up Arda it's the name of Middle Earth

>>15532367
Based, thanks anon. You got any suggestions for this thread?

>>15532368

>>15532237
he should have called the book, what is money?
the investment bits aren't worth much, but he gives the layman, who is always at the mercy of all the corporations which understand the mechanism of financial capital, whilst the average man doesn't, and is subject to control by it. to understand how money works well enough to benefit themselves, and provided defense against corporations monopolies, reducing the book to allocating money to startups seems a wasted opportunity, to genuinely educate people

>>15532162
I work in tech and I still listened to this. It was not bad honestly, it's good as an audiobook in 2x

>>15532162
A very long treatise on how Silicon Valley monopolies are not monopolies and cannot possibly be monopolies because it's possible someone starts a company that challenges a 100b dollar company and the government should back off

Imagine taking one of Thiel's classes.

https://www.documentcloud.org/documents/5677718-Thiel-German-270-Syllabus.html

>>15533927

Thiel has taught both Schmitt and Jünger in the past. The man is utterly based.

>>15532309
>immortality
Why are all the billionaires interested in this?
We already are immortal through reproduction.

>>15532230
Not the worst reason to make money.

>>15532162
An Aspie's self-indulgent views on business, money, and technology.

why are germans so autistic

>>15534683
Monarchism doesn't work for several reasons all of which derive from the same central cause.
1. A leader can't just be a good leader, they also have to know how to raise children or their successors may end up being tyrannical
2. Leaders are often best when they have extensive experience, but these periods don't last long before neural and physical degeneration set in.
3. Succession necessarily will divide the family between candidates.

These problems are not resolved. Midwits point at AI and say "That will work!" but the extensive problems of AI (which I won't talk about here) make it essentially impossible or worthless to implement. The fundamental solution to monarchism is to eliminate succession altogether, simply by employing individual men who will never die as God-kings. Christianity attempts to solve this through divine recognition of kings, which would mean that all kings are subservient to and must obey a higher eternal power. It created a God-king of its own right. It kinda-sorta worked, I don't think it's hard to argue that medieval kings were significantly better than the assorted pagan tribes across the land. Immortality may solve the problem better. It eliminates succession. It prevents neural degeneration and causes the accumulation of experience to increase almost indefinitely.

I would not be surprised if essentially every true leader hopes that he was immortal, not out of hedonism, but out of the recognition that with his death the systems he built would fall into chaos. They can only hope they therefore succeed in picking an ideal successor.