Comment by bawolff
21 hours ago
> I expect continued economic performance from a guy who went from nothing to... $25B
I would expect a return to the mean
21 hours ago
> 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.
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