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>Anyone who invests while convinced that only a monopoly would save his investments has got his brain screwed on backwards Whats the common trait between Warre

>Anyone who invests while convinced that only a monopoly would save his investments has got his brain screwed on backwards Whats the common trait between Warren Buffet and Peter Thiel? They only invest in companies that are monopolies or on their way to being monopolies. As Thiel (who very much has his head screwed on backwards) says "Competition is for losers" What does Rockerfeller, Carnegie, Gates, and Musk have in common? They own monopolies. So yes! The only way these companies are going to make their investments back is by being monopolies.

bigbadfeline 2mo ago
> Warren Buffet and Peter Thiel... Past Performance Is No Guarantee of Future Results > "Competition is for losers" That's how we got where we are, losing the global competition game, high polarization, inflation, debt, and wars. Communist China managed to surge ahead mainly due to their purposeful development of a highly competitive industry and market. Oh, the irony. > The only way these companies are going to make their investments back is by being monopolies. Well, they aren't and they won't be, the game has changed. Seems like when you say "monopoly" you mean "on the US market" but that's not enough to sustain anything resembling a good life here. You may be thinking of an isolated and self-sufficient national economy but that's a mirage. The world is still global and only a major extinction event, like an all out world war, can change that - do you want to go there? Buffet, Thiel, Gates, Musk, etc have nice bunkers to hide in... you don't.