The university system in 2014, it's like the Catholic Church circa 1514... You have this priestly class of professors that doesn't do very much work;… - Peter Thiel

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The university system in 2014, it's like the Catholic Church circa 1514... You have this priestly class of professors that doesn't do very much work; people are buying indulgences in the form of amassing enormous debt for the sort of the secular salvation that a diploma represents. And what I think is also similar to the 16th century is that the Reformation will come largely from the outside.

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About Peter Thiel

Peter Andreas Thiel (born 11 October 1967) is a German-American billionaire entrepreneur, hedge fund manager, venture capitalist, philanthropist, political activist, and author. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook.

Biography information from Wikiquote

Also Known As

Alternative Names: Peter Andreas Thiel Peter A. Thiel
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U situaciji savršene konkurencije, dugoročno ni jedna tvrtka ne stvara ekonomski profit.

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