I’ve never seen so much cope in a single HN thread. Suddenly no one cares about Occam’s Razor
Peter Thiel sells off all Nvidia stock, stirring bubble fears
101–110 of 202 posts
Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears
#102He'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.
Microsoft and Apple? per article. Not very mind-blowing
Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears
#103Earlier 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.
If you believe in this sort of thing i think the signs are there https://www.benjaminlcorey.com/could-american-evangelicals-s...
I used to be very into stuffs like the Revelation when I was young, but that was many years ago. I’m an atheist and I don’t need the bible to see that reality is like a slow moving train wreck.
Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears
#104Earlier 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.
> I expect continued economic performance from a guy who went from nothing to... $25B I would expect a return to the mean
But why? He seems to know the right people, and is, uhm, ruthless - nothing changed.
Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears
#105Earlier 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.
Thing is, people dont know what will happen if this bubble bursts. Its so big that it could take with it whole global market. There is no safe asset you can turn into in such a case, digital money would literally mean nothing when whole financial system collapses.
That sort of crash is what central banks exist to protect against. That could be something like the Fed stepping in as a buyer of last resort and picking up several trillion dollars of equity, and/or pushing rates to zero again to incentivize private capital to more or less do the same.
A global crash of financial systems is unlikely because it’s cause too much pain for everyone. It unfortunately means we plebs are likely the ones paying to bail it out.
Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears
#106This is concerning for sure. Looks like we may be getting the trigger for a sell off soon.
Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears
#107When someone like this does something like this, it is not an economic act. It is a signal of some kind, a move in an opaque chess game, whose players are nowhere near as smart as they think they are.
"Someone like this" leaves a ton to the reader's imagination.
A billionaire, especially a somehow secretive one. There are thousands of "people like this" to choose from, dozens of them with some publicity.
Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears
#108Earlier 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.
If you believe in this sort of thing i think the signs are there https://www.benjaminlcorey.com/could-american-evangelicals-s...
[deleted]
Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears
#109Having heartburn after making a $100M bet on hucksters? https://www.wsj.com/tech/peter-thiel-backed-startup-secures-...
Have any juicy articles to back up your unsubstantiated claim?
Re: Peter Thiel sells off all Nvidia stock, stirring bubble fears
#110Earlier quoted context omitted.
Thing is, people dont know what will happen if this bubble bursts. Its so big that it could take with it whole global market. There is no safe asset you can turn into in such a case, digital money would literally mean nothing when whole financial system collapses.
That sort of crash is what central banks exist to protect against. That could be something like the Fed stepping in as a buyer of last resort and picking up several trillion dollars of equity, and/or pushing rates to zero again to incentivize private capital to more or less do the same. A global crash of financial systems is unlikely because it’s cause too much pain for everyone. It unfortunately means we plebs are l…
I rather suspect that in the current economic climate, a trillion dollar bailout of Big Tech would very quickly translate to riots in the streets.