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Peter Thiel sells off all Nvidia stock, stirring bubble fears

(www.thestreet.com)
212 points hypeatei | 5 comments | 16 Nov 25 21:19 UTC | HN request time: 0.914s | source
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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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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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1. 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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2. 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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3. BurningFrog ◴[17 Nov 25 05:42 UTC] No.45951103[source]▶
He's been making big bucks for 30 years. That is his mean.
4. bawolff ◴[17 Nov 25 15:25 UTC] No.45954380[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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5. BurningFrog ◴[17 Nov 25 15:39 UTC] No.45954537{3}[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