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Peter Thiel sells off all Nvidia stock, stirring bubble fears

(www.thestreet.com)
212 points hypeatei | 2 comments | 16 Nov 25 21:19 UTC | HN request time: 0s | source
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buybuybuy ◴[16 Nov 25 21:43 UTC] No.45948682[source]▶
Should we all buy stock in Nvidia now? It’s not like Peter Thiel is Warren Buffet or anything. And Warren Buffett is buying Alphabet.
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TheAlchemist ◴[16 Nov 25 22:10 UTC] No.45948887[source]▶
Warren Buffett is buying Alphabet out of neceessity - he already sold most of what he could sell and has way too much cash on hand - he just need to buy 'something' - Alphabet seems like the least overvalued big stock out there.
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scarmig ◴[16 Nov 25 22:12 UTC] No.45948921[source]▶
Is he required to buy stock? AFAIK he could just as well hold cash or bonds, and if he believes a bubble pop is imminent (within the next couple months), that would be a responsible move.
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pojzon ◴[16 Nov 25 22:17 UTC] No.45948956[source]▶
Thing is, people dont know what will happen if this bubble bursts.

Its so big that it could take with it whole global market.

There is no safe asset you can turn into in such a case, digital money would literally mean nothing when whole financial system collapses.

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1. skybrian ◴[16 Nov 25 23:04 UTC] No.45949260[source]▶
This doesn't track with what happened after previous bubbles.

Investors will be sad, but businesses that still do useful work will still have revenue. Why would they be worthless?

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2. pojzon ◴[22 Nov 25 19:53 UTC] No.46017693[source]▶
Previous bubble did not take global market with it. It was close to it, but it did not happen.

It just made possible next one worse x10.

Bailing out 2008 was a mistake. All of those banks were supposed to collapse.

Next burst will be a lot worse. Reason why China, Japan, Europe are all dumping their USD reserves.

Everyone is preparing for inevitable collapse of USD.

It will be devastating for the whole world. Hard to predict how bad tho.