Musical Arts Heart Of San Antonio
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Would you agree?
Thiel: If you want to segue back to the political economic system of it, it's that persons are too targeted on the economics query and never enough on the know-how query. So now we have numerous debates within the U.S. about what's going to happen to the economic system in 6 months, 12 months: Are we going to have a double dip recession? Are we going to have a restoration in 2012? Is there not going to be? But not very much about what is going on to happen over the subsequent decade, which is extra of a tech query.
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What are you investing in now? What are you investing in next?
Thiel: On the expertise facet, the query is always: What are the breakthrough technologies that will take our civilization to the next stage? And that is the query I keep coming back to. There are particular sorts of issues which are very underinvested in. I believe individuals discover it arduous to invest in anything that takes greater than a 12 months. Something with a very long time horizon is very exhausting to spend money on. We attempt to seek out things that symbolize considerably of a quantum leap and which can be a somewhat longer time horizon and have some type of actuality check against the sanity of some of the individuals concerned in it. And how properly the group dynamics work, and if the technology works, and if the market works, and issues like that.