This is hands down the best entrepreneurship book I've read this year. Below are my notes on Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel and Blake Masters. Yes, I realize I've taken notes on a book based on the notes that someone else took: Blake was a student in Thiel's Stanford CS183 class and took such extensive and helpful class notes that his site and notes got a lot of attention on the web. It is the lessons from that class that form the basis of this book.
I really enjoyed Thiel's "Competition is for Losers" article in the WSJ, which was effectively chapter 3 of his book. It provides a great taste of Peter's contrarian and thought-provoking ideas. I can easily see Peter giving a TED talk about the concepts in this book as they are so different from the conventional wisdom I hear repeated everywhere and really makes me question a lot of assumptions about what a good business really is. Also, as a magician, I especially loved the sections about searching out secrets (of the universe and of people) because those are the things that are the seeds of valuable opportunities.