|"...keeping you great"
HEADLINES: (short insight - swamped in India this week)
PayPal Founder on Creative Monopolies -- Peter Thiel, PayPal founder and early investor in Facebook, is teaching in the Stanford Computer Science Department. In this excellent David Brooks' NY Times Op-Ed piece (which includes a link to Thiel's course notes!), Thiel argues "we often shouldn't seek to be really good competitors. We should seek to be really good monopolists. Instead of being slightly better than everybody else in a crowded and established field, it's often more valuable to create a new market and totally dominate it. The profit margins are much bigger, and the value to society is often bigger, too." I couldn't agree more. Take two minutes and read at least the first half of this short column.