i hate peter thiel but i also hate nvidia and tesla so i hope this ends out somehow being bad for everyone
My bet is that he’s trying to start a panic in the markets. That way he can clean up on a short.
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’.
I think it’s cute you believe that we live in a world where financial crimes are actually prosecuted.
I remember Enron being prosecuted, we did at one point at least kind of pretend to give a shit.
But uh… yeah…
Wouldn’t that be below somebody like Thiel? I mean, he is a professional and this seems a bit too much “amateurish”…
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
This comment is a joke, right?
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.
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
You are assuming he’s doing it himself, instead of on advise if his financial advisors
It would indeed indicate some kind of corrupt insider trading knowledge
Wouldn’t that be below somebody like Thiel?
He asks about the anti christ
Is this sarcasm or do you really believe it?
Oh, it will. Bad for everyone human.
It will end badly for us.
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.
Hilarious that at the end of this specific article, for me, an ad popped up advertising AI investing 😂 Jesus we are so fucked
Honestly, if someone is goi g to pick shit at random, I rather have AI do it for 5 bucks a month than abnaker for 200k a year.
If you’re going for chaos based investing, just buy a goldfish
The whole fucking thing needs to crash to the ground.
Sooooo that gives us how long, exactly, until we dive nose first into a huge world wide recession?
Remove the rich
Nobody should be allowed to be a billionaire, put max caps on netwoths. Anything over 10-20 million should go 100% to tax
We don’t let individuals own nuclear weapons. We shouldn’t allow individuals to wield financial weapons.
Idk how this doesn’t make more sense to people. Eradicate Billionares worldwide, not just one country. Nobody should starve when Robotics are doing all of the work.
I don’t know much about these things, but since there’s zero actual value in all this tech bullshit, does it even fucking matter if they crash and burn?
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Peter Thiel sells his Tesla stake
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Telsa price goes up
Lolz. Lmao even.
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Peter Thiel and Donald j Trump are both best friends with Jeffrey r Epstein and child rapists.
I thought we decided to not post stonks crap in here. It‘s what completely ruined the technology community over at Reddit before the entire site was ruined.
When we are in the middle of a tech bubble and one of the richest and most connected men on earth decides to cash out, then that is not “stonks crap”, but relevant tech news. Some companies stock price rising by 2% is not news, but this? Yes.
Unfortunately, these stocks being high are directly related to so much of the tech world being complete shit right now.
You see that is exactly the problem I have with these posts. You don‘t actually know if the trading portfolio of a mega evil asshole actually has any impact on the technology world. Stocks are just gambling and he could make the wrong move here. Like 90% of high traffic posts in r/technology was just random billionaires trading stocks at some point. It was utterly pointless.
This is the American version of Kremlinology: just like then all manner of non-political actions of members of the Soviet elites were studied to try to predict the direction of the Soviet Union, now all manner of non-political actions of members of the American elites are studied to try to predict the direction of the United States.
The reason for that kind of thing is that in systems were almost all of the real thinking, motivations and even politically revelevant actions of the elites controlling those nations are hidden or disguised, the only way to try and deduce what’s going on is to look at those things which by need or because they’re deemed to unimportant aren’t hidden or disguised.
Peter Tiel’s bulk stock sales and purchases are one of such non-political data points that might be important in predicting the short- and mid-term future of the US, at least Economically, which in turn has Political implications and more broadly for the future of American and Americans.
Sadly what American elites do in the Stockmarkets tells us a lot more about were they see the country going to than what they say, which itself already tells us way more than what Politicians say.
I think your post just really proves my point because nothing you said is really about the topic of this community anymore. There are better places on the Fediverse specifically designed for politics or economics. As a rule of thumb, if a headline is about stonks, it shouldn‘t be posted because the comments will only derail further away from the technology topic.
While true, I gotta suspect that Peter Thiel, specifically, gets to peek under the hood before he makes his bets to a degree that most of us can only imagine.
Or he simply got cold feet because Nvidia‘s stocks didn‘t implode yet as far as I‘m aware. The truth is this is pure speculation just like the entire slop ma- excuse me, stock market. There are better communities for tinfoil hatters and rocket monkeys.
The underlying story is the AI bubble that we all know will end badly. They are shoving lying and hallucinating AI on our devices and into our employment without consent. It’s going to come down, its a matter of when, not if.
AI bubble that we all know will end badly.
7 to 11X bigger than sub prime crash in 2008. NGL: watching Real Estate agents eating in soup kitchens was not a tragedy.
Well if we gonna make a post every time some rich fucker sells tech stonks now it will quickly evolve into spam. I mean, we already know AI is overblown and we don‘t need to take a single glance at someone‘s portfolio to know that because this is a technology community and we‘re informed about what big tech keeps promising and underdelivering for 3 years straight.
I want to see it, lemmys got a bigger problem with individuals trying to control what everyone else sees, you have many options like blocking the poster
It’s a lot better than the practise of posting basically every news story because it tangentially involves a computer.
The next year before the Midterms is going to be a wild circus.
The next year before the Midterms is going to be a wild circus.
The criminal attacks on the entire democratic process will be at a new peak.
Hope he loses everything
I hope your 401K is diversified because this will bring down a lot with its fall.
If it isn’t diversified, then you’re not investing. You’re gambling.
I hope your 401K is diversified
When the MAG7 makes up half the S&P 500, its hard to get away from. Even if you somehow manage to avoid holding a big tech company (or a company that’s predicated on the spending of a Big Tech company), a downturn will force cascading sell-offs.
Does anyone 401k even let them choose what they want to invest in?
I have like 4 plans I can choose: Retire 2035, Retire 2045, Retire 2055, Retire 2065 and that’s it.
No options in the portal to do anything else. I can’t choose my stocks, any indexes, anything. The only other page is to change my contribution percent.
Yup, I have ~15 options. Basically:
- low cost S&P 500, US mid-cap fund, US small-cap fund, and total international funds (all under 0.10% ER)
- 1-2 actively managed options for each of the first bullet point with much higher fees
- 3 bond funds
- a cash fund
- a retirement fund (tons of bonds and cash)
I’m in a mix of the first bullet point.
401ks won’t let you pick specific stocks, generally speaking, but they should have more options than just target date funds. Most will at least have an S&P 500 fund and usually an international fund.
I have a 403(b) because I work at a university but yes we get to pick between a ton of stock funds but also a handful of blended assets, an invested bond, and a non-invested bond if you really think shit’s gonna go south. My last job did not offer this kind of thing tho.
*Scooby-Doo voice
ruh oh
Anyone hear a loud hissing sound?
I’m pretty sure he is the anti-christ…
Here Comes Another Bubble v1.1 - The Richter Scales https://youtu.be/I6IQ_FOCE6I
Can we get a TL;DR for those who hate clickbait, please?
From what I can tell, it looks like there are a lot of loans out right now, the rate at which they are issued has increased since the beginning of the Trump presidency has increased dramatically, and this is like really bad because If those loans don’t get paid back then pillars start collapsing underneath the financial system. Lose too many of those and the whole thing comes crashing down.This one graph doesn’t represent all of the bad that is going on, it’s just a sort of a weathervane to tell you which way the wind is blowing. …and right now it’s blowing where the sun don’t shine.
So, short the financial sector. Got it.
You may ask what are NDFIs ?
(NDFIs) such as broker-dealers, hedge funds, private equity and credit funds, securitization vehicles and subprime auto lenders. Such lending to the financial sector has helped fuel record-high leverage among hedge funds, decade-high leverage among primary dealers, record-high and rising margin debt, and record-high and rising repurchase agreement (repo) lending to hedge funds and others, which in turn has helped fuel record-high asset prices in many cases
source again https://adamjosephson.substack.com/p/ndfi-loans-are-far-larger-than-we
