I once had dinner with Peter Thiel…
….and whenever someone asked his opinion on something, he’d give a “spectrum of possibilities” for every answer.
Example: If I asked his thoughts on the future of the Dollar, he would respond:
“Ok, here’s 3 scenarios…”
Then he would give 3 different “scenarios” ranging from:
– Normal and boring scenario.
– Good and Bad mixed scenario.
– Crazy worst case scenario.
Then he’d backup each scenario with data or comparable past events.
He rarely thought something was black and white, but that everything was a spectrum of possibilities.
It was super cool to see his thinking in action!