According to Peter Thiel, monopoly is the end state of every successful business. If you want to create and capture lasting economic value, don’t compete. The more unique companies are, the more the business world can flourish.
Consider the airline industry: it suffers from near-perfect competition. Each year, U.S airlines serve millions of passengers yet make very little money. Google, on the other hand, owns search and is able to make tons of profit from its monopoly. A company should imitate Google more than an airline operator.
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Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
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