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My understanding is that Thiel's public fund often takes loss because he is hedging other financial risk he is taking.(e.g. holding palantir after IPO, large VC
by nbardy 5y ago
My understanding is that Thiel's public fund often takes loss because he is hedging other financial risk he is taking.(e.g. holding palantir after IPO, large VC investments in industries that may turn out to be based on immature research)
- Obi_Juan_Kenobi 5y agoHahaha you don't believe that, do you?
- HWR_14 5y agoIf that's true, it's more evil than just being bad at investing. Leveraging other people's money to make contrarian bets as a hedge to the investments you believe in enough to put your money in, when the reason those people are giving you money is to align their money with yours, is ethically if not legally fraud.