" Instead of continuing down his path in law, he moved out to California, co-founded a technology startup, and made a fortune.

During a commencement speech at Hamilton College on Sunday, Thiel spoke out against conventional wisdom and the familiar track, pointing out two big clichés that end up being wrong more often than they're right.The first cliche that Thiel takes a shot at is "to thine own self be true.

He put it in the mouth of a character named Polonius, who Hamlet accurately describes as a tedious old fool, even though Polonius was senior counselor to the King of Denmark.And so, in reality, Shakespeare is telling us two things.

Not to follow it blindly.

Second, Shakespeare s saying that you should be skeptical of advice, even from your elders.

Although Thiel says that teaching and tradition can still have value, he urged the recent graduates to do new things, and not blindly follow in the footsteps of their teachers and parents.

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