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Peter Thiel sells off all Nvidia stock, stirring bubble fears

(www.thestreet.com)
212 points hypeatei | 14 comments | 16 Nov 25 21:19 UTC | HN request time: 0.349s | source | bottom
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iammjm ◴[16 Nov 25 22:15 UTC] No.45948940[source]▶
Peter Thiel the guy that believes that the literal biblical antichrist is walking amongst us? How much rational thought can one really expect from this guy? I am not questioning AI being a good investment or not, I am questioning this dude's sanity
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1. BurningFrog ◴[16 Nov 25 22:37 UTC] No.45949107[source]▶
I expect continued economic performance from a guy who went from nothing to... $25B was the latest number I heard.

Empirically, I don't think Christians do worse investments than us atheists, so rationally speaking I don't think it's much of a factor.

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2. advael ◴[16 Nov 25 22:42 UTC] No.45949137[source]▶
"From nothing" is a fairly suspect claim, but your overall point is a good one
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3. BurningFrog ◴[16 Nov 25 22:56 UTC] No.45949218[source]▶
Rounded to the nearest $0.001B, I think it's correct.
4. bawolff ◴[16 Nov 25 23:05 UTC] No.45949265[source]▶
> I expect continued economic performance from a guy who went from nothing to... $25B

I would expect a return to the mean

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5. manmal ◴[16 Nov 25 23:11 UTC] No.45949311[source]▶
But why? He seems to know the right people, and is, uhm, ruthless - nothing changed.
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6. gopher_space ◴[16 Nov 25 23:31 UTC] No.45949446[source]▶
How can you tell he’s a Christian? I only know him by his works.
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7. andsoitis ◴[16 Nov 25 23:46 UTC] No.45949569[source]▶
> How can you tell he’s a Christian?

Thiel has said so.

8. lostmsu ◴[16 Nov 25 23:54 UTC] No.45949628[source]▶
> Empirically, I don't think Christians do worse investments than us atheists, so rationally speaking I don't think it's much of a factor.

Hm, why not? Like obviously it would be hard to do a study because you can't just control by wealth. But if you control by the level of education and stop at that I'm almost certain christians would lose.

9. thrance ◴[17 Nov 25 02:35 UTC] No.45950394[source]▶
He wrote a long rant about Greta Thunberg being the antichrist. I think that places him more in the "insane" box than the "christian" one, but still.
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10. nurettin ◴[17 Nov 25 05:00 UTC] No.45950950{3}[source]▶
The irony is killing me.
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11. BurningFrog ◴[17 Nov 25 05:42 UTC] No.45951103[source]▶
He's been making big bucks for 30 years. That is his mean.
12. literalAardvark ◴[17 Nov 25 12:40 UTC] No.45953067{4}[source]▶
He misnomers a very special definition of antichrist that probably would include Greta (anyone who could encourage mass collectivism).

Which would make him hilariously unaware of the irony of the antichrist saying someone else is the antichrist.

13. bawolff ◴[17 Nov 25 15:25 UTC] No.45954380{3}[source]▶
I'll admit that im not all that familiar with his business dealings, but from what i understand most of his fortune comes from paypal, facebook and plantir. That's three high risk investments that really paid off. Impressive but at the end of the day, luck probably paid a big part as its a small number of very high yield investments. Over time i would expect his luck to balance out. I'm not saying he's going to lose all his money, but i'd expect it to grow at a more normal rate over the long term. I think its unlikely he will continue striking it rich in such a dramatic fashion over the long term.
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14. BurningFrog ◴[17 Nov 25 15:39 UTC] No.45954537{4}[source]▶
Crunchbase lists a few hundred of his investments: https://www.crunchbase.com/person/peter-thiel

He's also written several books. "Zero to One" is very influential: https://www.amazon.com/stores/Peter-Thiel/author/B00J0W47NA