Earlier quoted context omitted.
Pretty much all of Thiel's investing thesis is to invest in things that are statistically on track to fail, but whose payoff if they succeed is greater than most people imagine. PayPal, Facebook - both of these were terrible ideas when they came out (along with a number of other ones that did, in fact, fail). His idea is that people consistently mis-price risk, and so investing in a portfolio where everyone else thin…
That is one plausible interpretation but there are several layers to this. It is not a coincidence that RenTech and Thiel are supporting Trump. I hesitate to be explicit about what I think is actually going on but if you've read my posts on the Stagnation Hypothesis or watched Peter Thiel's videos on Youtube (low view counts, so I know you're not watching them!) you'll know there is a rather disturbing big picture wh…
I have considered this in wondering why he would support Trump.