Chapter
Inability to Invest in Competitive Companies
20:25 - 23:31 (03:06)
David Sacks discusses the conflict of interest in investing in competitive companies and how it can prevent investors from making successful investments. He explains how the absence of a counterfactual makes it impossible to ever know the true consequences of a decision.
Clips
The idea of counterfactual science is discussed in this podcast episode as it applies to decision making.
20:25 - 21:54 (01:28)
Decision Making
Summary
The idea of counterfactual science is discussed in this podcast episode as it applies to decision making. The speaker highlights the importance of judgment in making decisions as it is impossible to know the consequence of our choices and the alternative outcome.
ChapterInability to Invest in Competitive Companies
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
Peter Thiel talks about investing in unusual and odd ideas that others don't take seriously while keeping their contrarianism intact, avoiding conflicts of interests with their investments.
21:54 - 23:31 (01:37)
Investing
Summary
Peter Thiel talks about investing in unusual and odd ideas that others don't take seriously while keeping their contrarianism intact, avoiding conflicts of interests with their investments.