It's the same core belief: returns are driven by outliers. The difference is how to find them. Peter Thiel suggests focusing only on finding those with the p

It's the same core belief: returns are driven by outliers. The difference is how to find them. Peter Thiel suggests focusing only on finding those with the potential to do it. Dave McClure suggests looking at tons of companies because you can't tell. It's analogous to someone observing, "Over long time periods, companies that have low PE's outperform companies with high PEs" Warren Buffett picks individual companies with high PEs, while David Booth creates and index for all of them. Both have found ways to become billionaires.