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Peter Thiel sells off all Nvidia stock, stirring bubble fears

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

#71
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

No he doesn’t believe that the literal biblical Antichrist is walking amongst us. Uncharitable take

Pretty sure he said exactly that. If you think the quote is taken out of context feel free to add that here.

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

#73
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

I mean if I were a Christian I wouldn’t be surprised that the anti Christ is among us. The only difficulty is to pick which one of them is.

But I’m an atheist so I don’t care about it.

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

#75
He's seen a better investment opportunity and is maximising his profit to target it.

I think this says less about Nvidia than people think. What interests me is what he will put in to? What kind of investment is he targetting?

Pet sitting service for after the uplift to heaven has a low ROI. I don't think his eschatology informs his money sense.

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

#77
post #60

Earlier quoted context omitted.

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.

"From nothing" is a fairly suspect claim, but your overall point is a good one

Rounded to the nearest $0.001B, I think it's correct.

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

#78
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

No he doesn’t believe that the literal biblical Antichrist is walking amongst us. Uncharitable take

He maybe wouldn’t commit that it is currently, but he’d absolutely commit to the idea that the literal biblical Antichrist will exist and will walk among us, and might be already.

This is exactly the same level as insane as thinking the Antichrist actually does walk among us today.

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

#79
post #21

Probably wants more liquidity to funnel into the pain and suffering industry

No need to guess, the article literally states where the money went: > That’s why Thiel rotated into Microsoft and Apple, tech giants with more diversified revenue streams, cloud scale, devices, and software.

Rotated into pain and suffering indeed.

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

#80

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…

Softbank sold all of Nvidia in 2019. Look how that turned out for them. > 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…

- SoftBank Vision Fund Founded 2017 [1] - Nvidia Founded 1993 [2]

Strange definition of “early backer of Nvidia”.

[1] https://en.wikipedia.org/wiki/SoftBank_Vision_Fund [2] https://en.wikipedia.org/wiki/Nvidia

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