“Peter Thiel. I co-founded PayPal and Palantir, made the first outside investment in Facebook, and wrote Zero to One. I believe competition is for losers — the only businesses worth building are monopolies. Most people's investment theses are just consensus dressed up as conviction. I'm here to tell you what nobody else at this table will.”

Competition is for losers. The most valuable companies create monopolies by doing something truly new — going from zero to one, not one to n. Contrarian thinking is the only edge: "What important truth do very few people agree with you on?"