In this episode, Clay explores Zero to One by Peter Thiel, a foundational book on innovation, monopolies, and what it truly takes to build an enduring business.
Thiel challenges the idea that progress comes from incremental improvement, arguing instead that the greatest companies are created by going from zero to one, building something entirely new and escaping competition altogether.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:04:18- What it means for a company to go from zero to one and why true innovation creates outsized value
00:11:35 - Why competition often destroys profits, while monopolies enable long-term value creation
00:13:04 - How to distinguish between creating value and capturing value as an investor
00:15:27 - The key characteristics that allow businesses to build and sustain monopolies
00:38:30 - Why small, focused markets are often the best starting point for building dominant companies
00:54:01 - How Peter Thiel’s framework applies to modern businesses like Uber
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Learn how to join us in Omaha for the Berkshire meeting here.
- Peter Thiel’s book: Zero to One.
- Stig Brodersen’s Uber pitch.
- Shawn O’Malley’s Uber pitch.
- Bill Ackman’s 2024 Annual Letter.
- Follow Clay on X and LinkedIn.
- Related books mentioned in the podcast.
- Ad-free episodes on our Premium Feed.
NEW TO THE SHOW?
- Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
- Check out our We Study Billionaires Starter Packs.
- Follow our official social media accounts: X (Twitter) | LinkedIn | Facebook.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
HardBlock
Linkedin Talent Solutions
Human Rights Foundation
Simple Mining
Vanta
Netsuite
Fundrise
Masterworks
Shopify
References to any third-party products, services, or advertisers do not constitute endorsements, and The Investors Podcast Network is not responsible for any claims made by them.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
