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thielbinbZero to One: Notes on Startups, or How to Build the Future by Peter Thiel (Virgin Books, £16.99)

Peter Thiel, the founder of the online payment service PayPal and first outside investor in Facebook, thinks competition is overrated. In a perfectly competitive environment, no business makes a profit and hence all of them exit. Successful businesses have monopolies.

If you think that’s a broad and sweeping statement, then here’s another: people are either indefinite or definite thinkers. Indefinite thinkers start with the data, if you like, or the world as they…

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