Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Peter Thiel sells off all Nvidia stock, stirring bubble fears

thestreet.com

Post reply on HN
Print view View original

61–70 of 202 posts

Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears

#62

Post by andy99 »

Deegy wrote: post #43
scarmig wrote: post #24

Earlier quoted context omitted.

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.

Not required of course. This move to finally move some of his cash horde into equities could be a result of the US governments recent announcement that they're ending their quantitative tightening policy. This likely signals a move back to a period of quantitative easing which could cause assets to continue to inflate while the value of the dollar continues to erode. Basically he could just be trying to protect the v…

Probably a stupid question, why not buy something like CHF then, if one is concerned about eroding dollar value? Is the thesis that blue chips (if google is one) would rise faster than USD is devalued?

Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears

#65

Post by andy_ppp »

AstroBen wrote: post #47
iammjm wrote: post #28

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

Is there an opposite to the halo effect? Stupidity in one area doesn't mean they're stupid in another Judge him based on his investing skill here

Startup investing and stock market investment records are probably not particularly well correlated. Certainly timing the market is difficult for everyone.

Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears

#67

Post by pessimizer »

iammjm wrote: post #28

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

It's so bizarre how a gay billionaire helping build artificial intelligence, owning a surveillance empire, and basically trying to put the mark of the beast on everyone is also yelling about the antichrist. If you were a bible-believing Christian, you'd think he was a top 5 candidate.

Mentioning the antichrist would probably move him up to at least top 3. Isn't the antichrist supposed to pretend he's fighting the antichrist in modern popular Pentacostal/Charismatic eschatology?

Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears

#69

Post by jameslk »

iammjm wrote: post #28

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

https://paulgraham.com/disagree.html

Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears

#70

Post by [deleted] »

EarlKing wrote: post #34
iammjm wrote: post #28

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…

[deleted]
Post reply on HN