Compounding returns of intelligence - Peter Thiel's CS183 class notes
Replace “Stanford” with any top university/college in India and “Google” with tier-1 IT companies, it still holds true -
“We tend to massively underestimate the compounding returns of intelligence. As humans, we need to solve big problems. If you graduate Stanford at 22 and Google recruits you, you’ll work a 9-to-5. It’s probably more like an 11-to-3 in terms of hard work. They’ll pay well. It’s relaxing. But what they are actually doing is paying you to accept a much lower intellectual growth rate. When you recognize that intelligence is compounding, the cost of that missing long-term compounding is enormous. They’re not giving you the best opportunity of your life. Then a scary thing can happen: You might realize one day that you’ve lost your competitive edge. You won’t be the best anymore. You won’t be able to fall in love with new stuff. Things are cushy where you are. You get complacent and stall”
- Stephen Cohen, in a Peter Thiel’s CS183 class notes.(blakemasters.com/peter-thiels-cs183-startup).