41–50 of 202 posts
Earlier quoted context omitted.
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.
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.
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
When it comes to his Antichrist schtick I say "takes one to know one". Also, Thiel seems like the sort of guy with the money and connections to pop the AI bubble whenever he believes it'd be advantageous, whether that is the product of a rational mind seems to be beside the point.
Earlier quoted context omitted.
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.
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.
Basically he could just be trying to protect the value of his dollars by putting them into a very stable company that also has exposure to the upside of AI.
It’s a bubble. Buy low and sell high. Right now, holding cash is the safe option. You can predict that the bubble will burst, but not when. However with the US being run by someone who is poking everything with sharp implements I think it bursts sooner.
Cash is just another asset class, and since becoming a pure fiat it’s never been a good one: https://fred.stlouisfed.org/series/CPIAUCSL Given the fiscal dominance we’re in now that pretty much guarantees higher rates of inflation in the future, I think there’s much better places to place your money if you want to diversify. At least cash equivalents would be better
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
He's scarily sane. I am not joking when I say he invented the anti-christ thing as a way to entrench the billionaire class. He's basically saying the anti-christ will be somebody who want to solve the world's problems through collective action. So collective action is bad. We are in such an unbalanced world, that that is the best argument he can come up with for why we should allow such wealth inequality in society.
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
Judge him based on his investing skill here
Earlier quoted context omitted.
Then how about SoftBank[1]... are they irrational? Or Michael Burry[2] who shorted Nvidia and Palantir before concluding the market is once against being irrational and selling his positions and closing his hedge fund... is he irrational? The people in a position to know are telling you something: This is a Bubble, and they're getting the hell out while they're ahead. You should do the same. -- [1] https://www.cnbc.c…
Burry was underwater on that trade though and likely did it to avoid some paperwork revealing positions. He folded because he can't time it, if he was confident he was right he wouldn't have folded and we'd have another movie about him.
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
Then how about SoftBank[1]... are they irrational? Or Michael Burry[2] who shorted Nvidia and Palantir before concluding the market is once against being irrational and selling his positions and closing his hedge fund... is he irrational? The people in a position to know are telling you something: This is a Bubble, and they're getting the hell out while they're ahead. You should do the same. -- [1] https://www.cnbc.c…
> SoftBank’s Vision Fund was an early backer of Nvidia, reportedly amassing a $4 billion stake in 2017 before selling all of its holdings in January 2019. Despite its latest sale, SoftBank’s business interests remain heavily intertwined with Nvidia’s.
Further, ″[SoftBank] made a point of saying that it wasn’t any view on NVIDIA. ... At the end of the day, they are using the money to invest in other AI related companies,” he said.
Make of that what you will, but asking "are they irrational?" needs to answer with more than just "Softbank sold all of Nvidia again."
Both of these come from the link you provided.
The market can stay irrational longer than even Peter Thiel can stay solvent.
In this case surely there will be an AI correction before Thiel runs out of money.