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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

#91

Post by bawolff »

BurningFrog wrote: post #55
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

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.

> I expect continued economic performance from a guy who went from nothing to... $25B

I would expect a return to the mean

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

#94

Post by pinkmuffinere »

seizethecheese wrote: post #54
pinkmuffinere wrote: post #25

Earlier quoted context omitted.

Ya Im shocked he continues to hold Tesla…

He has said on multiple occasions to never bet against Elon (though that’s different than betting on him).

I appreciate that his actions match his words, at the very least

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

#95

Post by lisbbb »

jamesblonde wrote: post #33
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

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.

I'm pretty sure the antichrist is that sports betting guy, Dave Portnoy? The good news is that he's low key, it's kind of a more casual antichrist this time around getting everyone addicted to gambling.

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

#96

Post by bawolff »

markus_zhang wrote: post #73
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

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.

If you believe in this sort of thing i think the signs are there https://www.benjaminlcorey.com/could-american-evangelicals-s...

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

#97

Post by rubyn00bie »

andy99 wrote: post #62
Deegy wrote: post #43

Earlier quoted context omitted.

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?

Stocks are going to be better at hedging against inflation than any one specific currency, because they’re able to raise prices. This is something Buffet has talked about which is mildly detailed here: https://www.investopedia.com/how-warren-buffetts-1-rule-can-...

How the dollar erodes, and its effect on other currencies will be unpredictable. Corporations raising prices to offset their rise in costs, is predictable. It’s just a matter of finding those corporations and industries which can do so without losing more sales.

I’d assume the urge to “cash up” here is driven by the idea of trying to sell the top, and buy the resulting bottom. I highly doubt Thiel thinks AI isn’t worth today’s market cap or several multiples of it, in the long term, and that any “bubble burst” will likely be a generational buying opportunity.

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

#98

Post by markus_zhang »

defrost wrote: post #83
markus_zhang wrote: post #73

Earlier quoted context omitted.

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.

As a rational atheist living on a shared resource in which a very small group have control over most of the assets, shouldn't it concern you if they leverage talk about an antichrist to edge out the masses even more? The concern is less about what others announce as a belief, more about future access to essentials.

I do. The whole situation has been concerning since like 10 years ago. I believe the future, the near future, is going to be more dystopian than many of those dystopian movies.

I wrote a few comments about my reasons throughout the years, but I never felt I had enough to make the reasoning more solid. It was a lot of guesses from a depressing old man.

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

#99

Post by lisbbb »

jasonlotito wrote: post #49
EarlKing wrote: post #34

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…

If I going to bank with someone, I want it to be more aggressive. Hard Bank is what I'm talking about--a bank with cojones.

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

#100

Post by NicoJuicy »

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…

I don't think it's a bubble.

Thiel sold Palantir which is ridiculously overrated ( 1740.10 pe ).

Additionally, NVIDIA is going to get some competition for AMD. Or even Broadcom ( see TPU's from Alphabet)

He bought Microsoft, which has both AMD and NVIDIA for inference.

His sales aren't about selling AI. Just some bets cashing out.

Microsoft, Amazon, ... All can't build infrastructure quickly enough and they even admit in quarterly earnings that it's a bottleneck for now.

And they all grew a lot ( 20-40% )

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