@Carol Gardens: It's an interesting question -- one I haven't gotten to the bottom of. But one reasonable scenario is that he put his PayPal shares into a Roth account. They would have appreciated quite nicely, tax-free, giving him a larger pool of money to reinvest in Facebook.
Interesting information, but what's your complaint? He runs a fund that pension funds, public and private, are free to invest in? He does what he can to shelter his money from taxes? The only legitimate criticism I see is that his fund underperformed.
I don't buy into the narrative you tried to weave together about his actions being wrong. Viewed individually, his actions were fairly reasonable and unrelated.
@sample032: I think Owen properly raised some salient questions about Thiel's investment strategy.
I don't know if it's exactly a "complaint" to point out that there might be fishy about someone's avowed investment strategy, but it's certainly of interest to readers of Gawker like myself.
Why do all the libertarians want to live forever? Is it because they're all such arrogant assholes? Because they all seem either to be looking forward to the day when they can upload themselves into robot bodies or practice things like calorie restriction so that they can live! forever!
@oudemia: I'm definitely no (selfish, narcissist) Libertarian, but I have daydreamed what it might be like to suddenly hundreds-of-millions rich, the lottery fantasy. And the first thing I thought of was, I'd quit smoking immediately.
Isn't that pathetic? I don't think it's a libertarian thing, it's a very rich thing.
Aging and mortality are sad realities for everyone, but anecdotally, the very rich classically take it especially badly, like spoilt children. They're used to absolute mastery of their own worlds, and death becomes an enemy they (foolishly) think they can outwit, evade.
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I don't buy into the narrative you tried to weave together about his actions being wrong. Viewed individually, his actions were fairly reasonable and unrelated.
05/06/09
I don't know if it's exactly a "complaint" to point out that there might be fishy about someone's avowed investment strategy, but it's certainly of interest to readers of Gawker like myself.
05/06/09
05/06/09
Isn't that pathetic? I don't think it's a libertarian thing, it's a very rich thing.
Aging and mortality are sad realities for everyone, but anecdotally, the very rich classically take it especially badly, like spoilt children. They're used to absolute mastery of their own worlds, and death becomes an enemy they (foolishly) think they can outwit, evade.