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Peter Thiel bet against the US dollar and lost big. > Subsequent down years have reduced the fund's assets under management to $681 million as of December 2010
by ketamine__ 6y ago
Peter Thiel bet against the US dollar and lost big.
> Subsequent down years have reduced the fund's assets under management to $681 million as of December 2010.[4] Clarium Capital Management was reported to have had big losses in 2010.[14] The firm has continued to struggle with bets that it made on inflation and the US dollar.
https://en.wikipedia.org/wiki/Clarium_Capital https://en.wikipedia.org/wiki/Clarium_Capital
- m-ee 6y agoI interviewed there years ago, at the time it solely managed Peter Thiels personal money because all the other investors had pulled out. Strange and funny dynamic, I’ve never heard of someone running and staffing an entire hedge fund just for themselves. Traders said that you had to be on call at all times in case Thiel called you from some other time zone to execute a particular trade he wanted.
- ketamine__ 6y agoIt makes me wonder if there is a bias that says day trading and risky investments aren't risky when one is a billionaire? Magical thinking abounds when one crosses a threshold?