How does thinking on the micro vs macro scale help us?
Standard Oil octopus engulfing the United States. Renown as the co-founder of Paypal and the first investor in Facebook, Peter Thiel has enthralled the investing world with his insights on durable businesses. In his book, Zero to One, Thiel describes our world as dynamic and in such a world, creative monopolies are a positive-sum game: they add entirely new avenues of business and thus create value instead of acting as rent-seekers. Likewise, the history of American industry is a recursion […]