178: Peter Thiel on Rogan, Nashville vs. Austin, Bloomberg’s Business & Access Monopolies
Not Investment Advice
Embrace Opportunities, Build Access Monopolies
Bloomberg Media, established after the success of Bloomberg Terminal, competes with century-old institutions like the Wall Street Journal and The Economist. The longevity, or Lindyness, of such organizations contributes to their perceived authority. Michael Bloomberg exemplifies entrepreneurial spirit; despite having a substantial exit package, he opted to build a business instead of retiring. His insight into an increasingly indebted world guided his vision toward creating an access monopoly, showcasing the importance of identifying emerging trends to establish a competitive edge.
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