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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

#181

Post by red-iron-pine »

kibibu wrote: post #150
mightyham wrote: post #117

Earlier quoted context omitted.

I agree that it's very difficult to fully understand what his real positions are, and interestingly I think he clearly wants that to be the case. Peter Thiel is interested in and has actually written extensively about Straussianism which is an intellectual movement obsessed with analyzing esoteric meanings in philosophical literature.

Reading his recent "Greta Thunberg Is The Antichrist" stuff leads me to believe the Peter Thiel: - Is deeply unscientific, coming across as a highfalutin paranoid QAnon; and - Has zero self-awareness That said, he has plenty of money and connections, so moves like these are likely well justified.

Thiel is absolutely concerned about data mining and big picture and perceptions

he doesn't believe the QAnon, he is the QAnon and is pushing stuff that he knows the base will eat up

like if anyone is wearing the Mark of the Beast on their forehead it's MAGA, so get out in front of them and make sure it's pointed at the right place (e.g. Greta, et al)

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

#182

Post by Hikikomori »

piva00 wrote: post #171
tarsinge wrote: post #167

Earlier quoted context omitted.

I don’t know, the biggest difference I see is Thiel and Elon are all about government/tax payer money (through contracts like Palantir or SpaceX, subsidies like Tesla, lobbying, influencing elections, or worst). In that way they align with China, as an autocracy directly financing their companies is their ideal business model. Altman and Zuck OTOH are more typical SV entrepreneurs.

There's also a difference in Thiel: an intensely heretic view of Christianity, he touts himself as a Christian while trying to make it his work of stopping the Anti-Christ (which in Christian theology is impossible since you'd be stopping the Apocalypse). Peter Thiel is an interesting character mostly due to how bizarre he can be, a billionaire who is entranced in Christian mythology, afraid of death, using his power…

The CEO of ycombinator is also part of the same church thing that Thiel is, acts 17, where he gave a talk about the anti christ. Looks like many of the tech billionares are just insane christians that believe in Curtis Yarvin.

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

#183

Post by red-iron-pine »

redwood wrote: post #175
djmips wrote: post #109

Earlier quoted context omitted.

Have any juicy articles to back up your unsubstantiated claim?

From HN the other week https://foxchapelresearch.substack.com/p/i-think-substrate-i...

The founder is a known con artist involved in such other things as solving nuclear fusion and stealing $2.5M in a Kickstarter scam.

The cofounder is the founder’s brother and has literally zero documented professional or academic experience.

The company’s job postings are nonsensical and AI-generated.

The company is unwilling to evidence any of its (extremely extraordinary) claims, which have been made on a timescale that makes no sense in the context of the semiconductor industry.

The company’s research facility is, based on photographs that they’ve published, at least two orders of magnitude smaller than what would be necessary.

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

#184

Post by bawolff »

manmal wrote: post #104
bawolff wrote: post #91

Earlier quoted context omitted.

> 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.

I'll admit that im not all that familiar with his business dealings, but from what i understand most of his fortune comes from paypal, facebook and plantir. That's three high risk investments that really paid off. Impressive but at the end of the day, luck probably paid a big part as its a small number of very high yield investments. Over time i would expect his luck to balance out. I'm not saying he's going to lose all his money, but i'd expect it to grow at a more normal rate over the long term. I think its unlikely he will continue striking it rich in such a dramatic fashion over the long term.

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

#185

Post by BurningFrog »

bawolff wrote: post #184
manmal wrote: post #104

Earlier quoted context omitted.

But why? He seems to know the right people, and is, uhm, ruthless - nothing changed.

I'll admit that im not all that familiar with his business dealings, but from what i understand most of his fortune comes from paypal, facebook and plantir. That's three high risk investments that really paid off. Impressive but at the end of the day, luck probably paid a big part as its a small number of very high yield investments. Over time i would expect his luck to balance out. I'm not saying he's going to lose…

Crunchbase lists a few hundred of his investments: https://www.crunchbase.com/person/peter-thiel

He's also written several books. "Zero to One" is very influential: https://www.amazon.com/stores/Peter-Thiel/author/B00J0W47NA

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

#186

Post by tarsinge »

piva00 wrote: post #171
tarsinge wrote: post #167

Earlier quoted context omitted.

I don’t know, the biggest difference I see is Thiel and Elon are all about government/tax payer money (through contracts like Palantir or SpaceX, subsidies like Tesla, lobbying, influencing elections, or worst). In that way they align with China, as an autocracy directly financing their companies is their ideal business model. Altman and Zuck OTOH are more typical SV entrepreneurs.

There's also a difference in Thiel: an intensely heretic view of Christianity, he touts himself as a Christian while trying to make it his work of stopping the Anti-Christ (which in Christian theology is impossible since you'd be stopping the Apocalypse). Peter Thiel is an interesting character mostly due to how bizarre he can be, a billionaire who is entranced in Christian mythology, afraid of death, using his power…

What I find highly ironic with Thiel’s silly line of thought is that as someone with a Catholic background the far better candidate is Trump. That is, as a total inversion on values of Jesus, that deceive Christians into following him. On top of my head:

- Extreme pride instead of humility

- Extol strength and warrior attitude instead of kindness

- War on empathy instead of love

- Attachment to material things, money, success, again complete inversion of Jesus teachings on how to get closer to God

- On top of the personality cult, literally posts himself as the Pope

- Sell his own blasphemous bible to make a personal gain

- Leader of the most powerful country, so fitting with the idea of most mankind having been deceived into glorifying himself

Don’t take this seriously of course, my point is just that if someone wants to go with this route picking Greta instead of him is absurd.

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

#187

Post by cloverich »

NaomiLehman wrote: post #169
garspin wrote: post #147

Making $$$ & keeping them are 2 different skills. He's demonstrated the former 16B times, now he's demonstrating the latter. The big downside risk I see for Nvidia is a garage startup inventing a more efficient AI algo.... that only needs 20W to run.

still a more efficient algo would be better run on gigawatts of compute

Possibly that is how you get the world we all know and live in today ^^

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

#189

Post by linhns »

kibibu wrote: post #150
mightyham wrote: post #117

Earlier quoted context omitted.

I agree that it's very difficult to fully understand what his real positions are, and interestingly I think he clearly wants that to be the case. Peter Thiel is interested in and has actually written extensively about Straussianism which is an intellectual movement obsessed with analyzing esoteric meanings in philosophical literature.

Reading his recent "Greta Thunberg Is The Antichrist" stuff leads me to believe the Peter Thiel: - Is deeply unscientific, coming across as a highfalutin paranoid QAnon; and - Has zero self-awareness That said, he has plenty of money and connections, so moves like these are likely well justified.

I’m not sure that he will succeed with this move, but his article on Greta is absolute spot on, and I’m saying this as a guy who do not really like Peter

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

#190

Post by afroboy »

BurningFrog wrote: post #51
FrankWilhoit wrote: post #2

When 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.

Evil billionaire, really evil one.
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