The Importance of Timing

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Sally Kohn: I was just rewatching Peter Thiel's talk at Y Combinary, which says, competition's for losers. And he goes, one thing that we do in Silicon Valley is we overrate, overvalue growth rates and undervalue durability. So the question is then do you have 90% of Sam's wisdom or do you have 0.1% ofSam's wisdom after there's no way you have 90 per cent right?Kohn: You're going to get 1% probably. Maybe 5%. But it's still enormous leverage because you read it in 5 hours and he took 50 years to what he was doing and everything.

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