MI383: Zero to One: Lessons From Peter Thiel w/ Shawn O’Malley
The Intrinsic Value Podcast - The Investor’s Podcast Network
Intro
This chapter explores the impactful ideas and career of a celebrated investor, focusing on the key lessons from their book 'Zero to One'. It emphasizes the significance of creating groundbreaking products and understanding the distinction between vertical and horizontal progress in innovation.
In today’s episode, Shawn O’Malley (@Shawn_OMalley_) goes through the best-selling book Zero to One by the prolific investor Peter Thiel, who’s best known for co-founding PayPal and Palantir and for being the first outside investor in Facebook. Thiel is a highly contrarian thinker, and the book organizes his notes from his time at Stanford lecturing to the next generation of Silicon Valley’s entrepreneurs.
You’ll learn Peter Thiel’s favorite question to ask in interviews, the difference between horizontal and vertical progress, how the Tech Bubble changed Silicon Valley, why Peter Thiel actually likes monopolies, what investors get wrong about competition, how the Pareto Principle applies to the venture capital industry, plus so much more!
Prefer to watch? Click here to watch this episode on YouTube.
IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
06:06 - What Peter Thiel’s favorite interview question is
09:42 - What the difference is between horizontal and vertical progress
11:41 - Why Thiel thinks that technological progress has stagnated since the 1970s
17:43 - How Thiel took advantage of the Dot-Com Bubble to scale PayPal
19:57 - How the Dot-Com Bubble changed the culture of Silicon Valley and the goals of its founders
23:22 - Why Peter Thiel encourages funders to build a monopoly in specific niches
26:34 - How competition destroys profits
34:50 - Which types of monopolies are good for society
41:10 - What the Pareto Principle means for the venture capital industry
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
- Peter Thiel's book, Zero to One.
- Check out the Podcast review of Peter Thiel’s Zero to One on We Study Billionaires | YouTube Video.
- Check out the Executive summary of Zero to One by Preston Pysh and Stig Brodersen.
- Clayton Christensen's book, The Innovator’s Dilemma.
- Nassim Taleb's book, The Black Swan.
- Check out the books mentioned in the podcast here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
- Check out our Millennial Investing Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
Connect with Shawn: Twitter | LinkedIn | Email
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Remember Everything You Learn from Podcasts
