Most inspirational lecture ever? Peter Thiel's "You are not a Lottery Ticket"

This is the guy who financed hulk Hogan’s suit against gawkers.

The only thing he inspires is indifference.

Yo Jamin what do you think about Urbit?

slripe111 wrote:

This is the guy who financed hulk Hogan’s suit against gawkers.

Conspiracy is the name of the book that covers the whole thing, and it's a fascinating read.

He is everything you aspire to be, jamin.

slripe111 wrote:

This is the guy who financed hulk Hogan’s suit against gawkers.

The only thing he inspires is indifference.

Turns out even a total dick occasionally does something right:) I can't imagine what it was like when he and Musk were in a room together.

dadsfadsfdasfdsafdas wrote:

slripe111 wrote:

This is the guy who financed hulk Hogan’s suit against gawkers.

The only thing he inspires is indifference.

Turns out even a total dick occasionally does something right:) I can't imagine what it was like when he and Musk were in a room together.

It was probably very homo erotic... gotta go just got a call from Pete’s lawyer

Meh, not really.

Do we not need need to distinguish between success in the abstract and wealth?

I don't doubt billionaires are very talented and work hard but is Elon Musk 37 billion times more talented than everyone else? Or has Jeff Bezos worked 150 billion times harder than the office junior?

If you want success then luck doesn't play too big a role. But if you want wealth or reward then no, I'd say you are a lottery ticket.

appleswan wrote:

Do we not need need to distinguish between success in the abstract and wealth?

I don't doubt billionaires are very talented and work hard but is Elon Musk 37 billion times more talented than everyone else? Or has Jeff Bezos worked 150 billion times harder than the office junior?

If you want success then luck doesn't play too big a role. But if you want wealth or reward then no, I'd say you are a lottery ticket.

The missing element is risk. A surgeon works very very hard, is incredibly trained and talented/smart. He will be successful and rich to a certain level, but likely not a billionaire. Because he is in a “safe” job where he followed documented low-risk steps to get to. (Medical school—residency—job).

To reach extreme levels of wealth in America, there will be risk involved. Usually the talented and hardworking make the smartest choices in the risk they take on and are more likely to succeed. But for every Elon Musk or Bezos, are 1000 guys in their moms basementsor little apartments tinkering on some new invention or ecommerce website. They’re working hard. Many won’t be successful, many will reach modest success. You just won’t hear about them. You have to also be able to sell in order to get money to back you. You need money to make money. Whether venture capitalists, loans, etc. You take a risk to get that money.

Yeah I appreciate that answer, although I don't know what Musk or Bezos were risking, other than getting in the dole line if it went wrong. If you have money you can risk it I guess but nobody can gamble money they don't have unless the bank/investors are very persuaded by you (i.e. they think there's high chance of your success). Which calls into question whether it was such a big risk after all.

I didn't watch the whole video but they seemed to be saying luck doesn't play a big role.

The thing I thinking was an Olympic gold is equally as successful as say a Super Bowl or an NBA title (it's the highest accolade). But they're vastly differently rewarded. I guess if your talent is track or swimming then too bad.

Hard work and luck. It also doesn't hurt to pick wealthy successful parents.

That gives a Thiel or Musk or Gates a lot more leeway to fail than your average wannabe billionaire.

Do you live in the ideological equivalent of the Godzilla universe? Where you just watch powerful entities battle it out from the streets below, hoping the one you're rooting for will totally "slam" the other one?

Realize that you could become one of the giants, if you stopped sniffing their farts and focused on growing to their size. I'm not talking wealth or power, I'm talking ideological clout.

Meh. Nothing special.

Millions of smart people try, work hard, risk a lot..and fail. A few make it big time, and lecture on how to make it, as if they were the only one who tried that. Of course, without trying, you wont get anywhere, but trying doesn't mean you will make it.

And what is "making it" anyways?

Person A : Billionaire, works 80 hr weeks, on dozens of medications, barely spends time with family, doesn't know who amongst his friends are real, have several mansions with 20+ bedrooms but has slept only in one of them and he has insomnia anyways, which he brags about on social media " I need only 4hrs of sleep"

Person B: moderately successful, works 40 hr weeks, healthy, have hobbies, have friends that love him for who he is and not for what they think they can get out of him..

Person c. Works part time, makes not even 30k per year, but he has tons of time, he lives very close to a small set of friends that he meets almost daily, they have loads of fun hiking, running, playing board games, screwing around a lot.....

Is it A, B or C that is living it up?

I actually met a bunch of guys living the C lifestyle in Oakland last year..photographers, freelance programmers, writers, ... they have rented a house together and they manage to live on roughly 25k per year per person ( 30min away, guys are paying 3k for one room apartments, complainingtheir 100k+salaries are not enough). These guys work only few months of the year until they have earned what they need for the year and then chill for the rest of the year, doingtheir own little projects, traveling cheap (using couchsurfing, for example, instead hotels or Airbnb), ..that was really an eye opening experience for me.

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No wonder he's only worth $2B. My boss is worth more than him.

The dude doesn't deserve 54 minutes of my time. And if a highlight it that he slams some other successful people, it seems to be a honeypot for loserboys.

Hey funny,

Would you happen to have any other dudes contact?

Would like to learn more about how to accomplish that.

Zero To One is one of my favourite books. If it had been around when I was younger I'm sure I would have become very wealthy.

Not that I'm living in a bedsit in Hackney like ex-runner.

And Zuckerberg stole my idea with Facebook.

The one thing I would say against Peter Thiel and Elon Musk (apart from Musk being a drug addled fruitcake) is that they had the opportunity to come up with digital currency and own the concept back in their PayPal days and neither apparently saw it.