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There is actually something millionaire specific about what Thiel did. He was an accredited investor that was able to buy private shares that the general public
by et-al 5y ago
There is actually something millionaire specific about what Thiel did. He was an accredited investor that was able to buy private shares that the general public cannot buy.
If IRAs were only allowed to purchase publicly-listed stock, this wouldn't have happened.
- Scoundreller 5y agoWhich also gives the accredited investors another advantage: with less capital available, the valuations are inherently depressed.