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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.
How can you tell he’s a Christian? I only know him by his works.
Thiel has said so.
I'd say he's wanting to lock in those gains. Diamond hands are different when you're up 100s of millions on a single stock.
The newsworthy aspect to this is that the AI hype cycle is saying that right now, today, Nvidia is cheap. If AI is going to capture the entire economy, but it relies on Nvidia hardware, the current valuation is pennies on the dollar of what it will be one day.
Except, you know, that's all a lie. And Thiel peddled it for a while, and is friends with Musk, and connected to many others in the hype cycle besides, and now he's showing his hand that he knows its a lie.
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Yeah everyone wants a conspiracy when the obvious signal is that he already made insane amounts of money off the stock spiking so high and he wants to diversify it on other stuff instead of continuing to gamble on a big one. Which is also what the article says he is doing.
And Nvidia has a target on its back right now. It's priced like it's the only game in town, but AMD, Google, Meta and Intel have varying degrees of competing chips for AI use.
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One of the funds that Meta were working with to finance their spending on AI, Blue Owl, had to stop redemptions on of their private credit funds merging it with another one of their bigger funds, leaving holders facing a 20% haircut. There also seem to be emerging liquidity issues with banks. The money for the AI gravy train might be running out.
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.
Hm, why not? Like obviously it would be hard to do a study because you can't just control by wealth. But if you control by the level of education and stop at that I'm almost certain christians would lose.
First it was Softbank and now its Thiel. Major sales coming from two of the ultimate tech insiders is probably a very good sell signal. Whether or not its the top is another question. Markets as we know can go higher longer than we think, Michael Burry shut down his hedge fund because he may have started shorting too soon. One of the funds that Meta were working with to finance their spending on AI, Blue Owl, had to…
What's interesting is that Thiel added MSFT but the Gates Foundation just reduced it by almost 2/3 and it was their biggest holding - https://hedgefollow.com/funds/Gates+Foundation+Trust
Could it all be triggered by the study : Gartner Says Agentic AI Supply Exceeds Demand, Market Correction Looms ? https://www.gartner.com/en/newsroom/press-releases/2025-10-0...
It would make sense if he used to money to buy TSMC or ASML instead.
MSFT and AAPL seem like better ways to diversify your money away from chips, while keeping it in technology.
At this point if you don’t think AI is a bubble then I don’t know what to tell you.