Peter Thiel: Courage is Key to Innovation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Should l Buy AMZN?
Source: Benzinga
- Innovation Bottleneck Analysis: Peter Thiel argues that the real bottleneck in innovation is not intelligence but courage, as many can identify opportunities but lack the bravery to pursue ideas that contradict conventional wisdom, thereby limiting potential breakthroughs.
- Entrepreneurship Philosophy: In a 2015 speech, Thiel emphasized that entrepreneurship should not follow formulas, as each breakthrough company is unique; imitating successful figures like Zuckerberg or Gates overlooks the essence of innovation, which is to create something fundamentally new.
- Importance of Contrarian Thinking: Thiel noted that progress comes from finding unpopular truths and organizing teams around them, a principle he considers one of the best filters for hiring, highlighting the significance of courage in building companies.
- Industry Resonance: Many industry leaders echo Thiel's sentiment, emphasizing that courage is more important than intelligence, indicating that the ability to challenge conventional thinking is a key driver of innovation and success in a rapidly changing business environment.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 222.690
Low
250.00
Averages
294.69
High
340.00
Current: 222.690
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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