Grab and run opportunities

Watch Silicon Valley. Check out how Peter Gregory gets curious about Burger King and then figures out the scarcity and economics of sesame seeds.

This sounds great but Peter Thiel wouldn’t operate like this.

Most traditionally successful people end up gaining the most on compounding, doing the same thing again and again till they get some kind of competitive advantage.

It makes little sense for them to go out of their way to find “grab and run” kind of deals and pursue them.

There is the exploration phase and then there is doubling down on opportunities. Money is made by doubling down on opportunities that you understand better than others.