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
Startup investing and stock market investment records are probably not particularly well correlated. Certainly timing the market is difficult for everyone.
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.
> 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.
He's scarily sane. I am not joking when I say he invented the anti-christ thing as a way to entrench the billionaire class. He's basically saying the anti-christ will be somebody who want to solve the world's problems through collective action. So collective action is bad. We are in such an unbalanced world, that that is the best argument he can come up with for why we should allow such wealth inequality in society.
I'm pretty sure the antichrist is that sports betting guy, Dave Portnoy? The good news is that he's low key, it's kind of a more casual antichrist this time around getting everyone addicted to gambling.
Yeah it's funny when you read his antichrist ramblings, it's essentially the antichrist will come in the form of a leader arguing for wealth redistribution via collective action. This is what instills sheer terror in the billionaire class.
Then how about SoftBank[1]... are they irrational? Or Michael Burry[2] who shorted Nvidia and Palantir before concluding the market is once against being irrational and selling his positions and closing his hedge fund... is he irrational?
The people in a position to know are telling you something: This is a Bubble, and they're getting the hell out while they're ahead. You should do the same.
Burry was underwater on that trade though and likely did it to avoid some paperwork revealing positions. He folded because he can't time it, if he was confident he was right he wouldn't have folded and we'd have another movie about him.
Softbank sold all of Nvidia in 2019. Look how that turned out for them.
> SoftBank’s Vision Fund was an early backer of Nvidia, reportedly amassing a $4 billion stake in 2017 before selling all of its holdings in January 2019. Despite its latest sale, SoftBank’s business interests remain heavily intertwined with Nvidia’s.
Further, ″[SoftBank] made a point of saying that it wasn’t any view on NVIDIA. ... At the end of the day, they are using the money to invest in other AI related companies,” he said.
Make of that what you will, but asking "are they irrational?" needs to answer with more than just "Softbank sold all of Nvidia again."
The best explaination is that Thiel, Softbank and Huang are selling before a risky Nvidia earnings release that could result in an indication that the AI boom is going to collapse.
The news is that a whale is dumping, not that the whale is making a rational decision. We all know the market isn't rational in the short term, merely efficient in the long term. And we all suspect (as does Thiel!) that NVDA is unsustainably priced.
So if the whale is dumping, maybe smaller investors will dump too. Maybe we should too.
When it comes to his Antichrist schtick I say "takes one to know one".
Also, Thiel seems like the sort of guy with the money and connections to pop the AI bubble whenever he believes it'd be advantageous, whether that is the product of a rational mind seems to be beside the point.
It's so bizarre how a gay billionaire helping build artificial intelligence, owning a surveillance empire, and basically trying to put the mark of the beast on everyone is also yelling about the antichrist. If you were a bible-believing Christian, you'd think he was a top 5 candidate.
Mentioning the antichrist would probably move him up to at least top 3. Isn't the antichrist supposed to pretend he's fighting the antichrist in modern popular Pentacostal/Charismatic eschatology?
As a rational atheist living on a shared resource in which a very small group have control over most of the assets, shouldn't it concern you if they leverage talk about an antichrist to edge out the masses even more?
The concern is less about what others announce as a belief, more about future access to essentials.
I do. The whole situation has been concerning since like 10 years ago. I believe the future, the near future, is going to be more dystopian than many of those dystopian movies.
I wrote a few comments about my reasons throughout the years, but I never felt I had enough to make the reasoning more solid. It was a lot of guesses from a depressing old man.
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.
As an atheist, i know revelations is probably about nero, and that similarities are probably due to similar economic/cultural concerns bringing similar leaders to power. Nonetheless, some of revelations is kind of uncanny.
He maybe wouldn’t commit that it is currently, but he’d absolutely commit to the idea that the literal biblical Antichrist will exist and will walk among us, and might be already.
This is exactly the same level as insane as thinking the Antichrist actually does walk among us today.
