It's good to test yourself and develop your talents and ambitions as fully as you can and achieve greater success; but I think success is the feeling you get from a job well done, and the key thing is to do the work.
Peter ThielRead
Creating value isn't enough - you also need to capture some of the value you create.
Interpretation
What this quote means
Merely generating value isn't sufficient; it's essential to also secure a portion of that value for yourself.
This quote by Peter Thiel emphasizes that while creating something of value is important, it is equally crucial to ensure that you benefit from that creation. In the realm of business and entrepreneurship, it's not just about innovating or providing excellent products/services; it's about having the strategies in place to retain some of the financial or intrinsic rewards from your efforts, recognizing that both creation and capture are essential for sustained success.
Themes
ValueCaptureSuccessEntrepreneurshipBusiness
In practice
Example use cases
This quote is perfect to emphasize the importance of strategic business planning in a presentation.
More from Peter Thiel
All quotes βThe first question we would ask if aliens landed on this planet is not, 'What does this mean for the economy or jobs?' It would be, 'Are they friendly or unfriendly?'
Peter ThielRead
People working on bigger ideas on a more protracted timeline will be more on the stealth side. They arenβt releasing new PR announcements every day. The bigger the secret and the likelier it is that you alone have it, the more time you have to execute. There may be far more people going after hard secrets than we think.
Peter ThielRead
What is it about our society where anyone who does not have Asperger's gets talked out of their heterodox ideas?
Peter ThielRead
Every time you write an email, it is in the public domain. There are all these ways where security is not as good as people believe.
Peter ThielRead
A startup is the largest endeavor over which you can have definite mastery. You can have agency not just over your own life, but over a small and important part of the world. It begins by rejecting the unjust tyranny of Chance. You are not a lottery ticket.
Peter ThielRead
Similar quotes
I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
Warren BuffettRead
The world was full of locked doors, and he had to get his hand on every key.
Orson Scott CardRead
The goals is to create a really high 'floor' for this organization, where the 'off' years are years where you might win in the high-80s and sneak a division or a wild card or win 90 games and get in and find a way to win in October. And the great years, you win 103 and win the whole thing.
Theo EpsteinRead
Donβt just climb the ladder of success - a ladder that leads, after all, to higher and higher levels of stress and burnout - but chart a new path to success, remaking it in a way that includes not just the conventional metrics of money and power, but a third metric that includes well-being, wisdom, wonder and giving, so that the goal is not just to succeed but to thrive.
Arianna HuffingtonRead
I may not hit 50, 40 or 30 home runs, but I can do the little things like moving runners over that don't show up in the box score.
Ken Griffey, Jr.Read
A successful person isn't necessarily better than her less successful peers at solving problems; her pattern-recognition facilities have just learned what problems are worth solving.
Ray KurzweilRead