Musical Arts Heart Of San Antonio
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Would you agree?
Thiel: If you wish to segue again to the political economy of it, it is that individuals are too centered on the economics query and never sufficient on the know-how question. So we have now numerous debates in the U.S. about what’s going to occur to the financial system in 6 months, 12 months: Are we going to have a double dip recession? Are we going to have a recovery in 2012? Is there not going to be? However not very a lot about what’s going to happen over the next decade, which is more of a tech question.
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What are you investing in now? What are you investing in next?
Thiel: On the expertise side, the query is at all times: What are the breakthrough applied sciences that can take our civilization to the next stage? And that is the query I keep coming again to. There are particular kinds of issues which might be very underinvested in. I think folks find it onerous to invest in anything that takes greater than a year. Anything with a long time horizon could be very onerous to put money into. We strive to search out things that characterize somewhat of a quantum leap and which can be a somewhat longer time horizon and have some form of actuality verify in opposition to the sanity of some of the individuals concerned in it. And the way nicely the team dynamics work, and if the technology works, and if the market works, and issues like that.