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> 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 th
by 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.