Peter Thiel on Successful Businesses
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The Importance of Competition
I think this question always gets obscured by the people inside these businesses. It's also we also get trapped in competitive cycles for sort of a psychological reason. We often find it reassuring to be in crowds to do things that lots of other people are doing. There's something about human nature that's disturbingly lemming like sheep like, ape like, herd like. But when you're focused on competition you're always focused on beating the person next to you and you do get better at the thing you're competing on.
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