Business & EntrepreneurshipAs published
“In business, money is either an important thing or it is everything. Monopolists can afford to think about things other than making money; non-monopolists can't. In perfect competition, a business is so focused on today's margins that it can't possibly plan for a long-term future. Only one thing can allow a business to transcend the daily brute struggle for survival: monopoly profits
— Peter Thiel
Entrepreneur and venture capitalist
About this quote
- Attributed to
- Peter Thiel
- Attribution status
- As published
Photo: Basile Morin · CC BY-SA 4.0 · source · Portrait: Gage Skidmore (CC BY-SA 3.0)
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