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Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears (www.investing.com)
submitted 10 months ago by to c/technology@lemmy.world
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[–] 91 points 10 months ago (16 children)

i hate peter thiel but i also hate nvidia and tesla so i hope this ends out somehow being bad for everyone

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  • [–] 63 points 10 months ago (12 children)

    My bet is that he's trying to start a panic in the markets. That way he can clean up on a short.

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  • [–] 1 point 10 months ago* (2 children)

    I would say I am fairly sure its some kind of afinancial crime to uh, short a company you have a material position in...

    But we live in 'interesting times', so... who knows!

    ... Maybe he had an 'interesting chat' recently, with Michael Burry.

    That would be 'funny'.

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  • [+] -23 points 10 months ago (8 children)

    Wouldn't that be below somebody like Thiel? I mean, he is a professional and this seems a bit too much "amateurish"...

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  • [–] 28 points 10 months ago

    He believes that there is a bibilical antichrist alive right now, and he can stop it but also shouldn't. He's disconnected from reality so severely, he lives in a completely different world. The fact that he's rich is not a testament of his professional capabilities, but to the fact that in current capitalist environment, the only prerequisite for being rich is to be lucky and have zero morals

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  • [–] 26 points 10 months ago* (4 children)

    This comment is a joke, right? How do you think these people became so wealthy in the first place?

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  • [–] -3 points 10 months ago (3 children)

    I don't say it would MORALLY below him, quiet the contrary, but more from a skill level. Acting so obviously would be just amateurish.

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  • [–] 28 points 10 months ago*

    Acting so obviously would be just amateurish.

    Please stop thinking of these people as massively brained smart people, instead of just being rich and lucky. These guys are just in it to make the number go up, don't think they have any floor to how low these fuckers would sink

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  • [–] 1 point 10 months ago

    The best case, I think, is for Nvidia and Tesla to do well in the short term (next 6 months or so) and then crash. That way Thiel and most people following his investment advice get to eat it, but the bubble doesn't stay propped up for too long.

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