Comment by BurningFrog
1 day ago
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
He's been making big bucks for 30 years. That is his 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.
1 reply →
How can you tell he’s a Christian? I only know him by his works.
He wrote a long rant about Greta Thunberg being the antichrist. I think that places him more in the "insane" box than the "christian" one, but still.
The irony is killing me.
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> How can you tell he’s a Christian?
Thiel has said so.
> 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.
[dead]
"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.