Finance epitomizes indefinite thinking because it’s the only way to make money when you have no idea how to create wealth. If they don’t go to law sc… - Peter Thiel

" "

Finance epitomizes indefinite thinking because it’s the only way to make money when you have no idea how to create wealth. If they don’t go to law school, bright college graduates head to Wall Street precisely because they have no real plan for their careers. And once they arrive at Goldman, they find that even inside finance, everything is indefinite. It’s still optimistic — you wouldn’t play in the markets if you expected to lose — but the fundamental tenet is that the market is random; you can’t know anything specific or substantive; diversification becomes supremely important.

English
Collect this quote

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
Limited Time Offer

Premium members can get their quote collection automatically imported into their Quotewise collections.

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Shorter versions of this quote

Finance epitomizes indefinite thinking because it's the only way to make money when you have no idea how to create wealth.

Additional quotes by Peter Thiel

Go Premium

Support Quotewise while enjoying an ad-free experience and premium features.

View Plans
Loading...