"Sightings are most frequent among those who make their living or spend their days on the street. Among those reporting it have been bike messengers, cabdrivers, panhandlers, FedEx workers and doormen." What, no hookers?
Ugh, I once saw the Cash Cab dropping off a mother and son who had just won like $1000. I begged them to pick me up, but they refused. They were "going to lunch." Assholes...
Down the street from us is a convenience store where day laborers gather in the morning, to wait for work. As the economy worsens they are drinking more, earlier. Robberies started to become a daily occurrence so someone towed in a giant box with an array of cameras on top. 360 degrees, daylight and infrared. Supposedly the video goes both to a security company and to the police department, and from what they're saying, crime has dropped off completely around that corner.
In the same vein, I saw a small black hummer a few days ago parked at a shopping center. It had an infrared camera mounted near the rearview mirror and big roof container with two more cameras pointed forward. What is *that* all about?
A reporter for The New York Times spotted the car last Tuesday at a stoplight on West 15th Street near the West Side Highway and asked to ride along. The driver declined.
He should just hopped onto the car's roof and hung on for dear life.
There's a great chance that this analysis is totally wrong. Peter probably has a chunk of money is his fund through a General Partner account. That's what would receive the 20% performance fee (if they have positive investment returns). Many times, that money just stays in the Fund.
@LelandDarnsies: Wrong on two accounts. Clarium takes a 25 percent performance fee, not 20 percent. And Clarium had a disastrous year last year, which means it made essentially no money. Thiel has earned fees in the past, when his fund was much smaller.
1.) 2006 is a faraway time. Most hedgies have seen the wisdom in putting less of their money where their mouth is. I would be very surprised if Mr. Thiel has retained this approach.
2.) As you disclosed, liquid net worth. Other, harder-to-value assets like the Facebook stake likely pepper his portfolio. I'd be shocked if that was Mr. Thiel's only venture, after all!
The presence of that statement document doesn't make such a blindered analysis credible. You can get the pitchbook and the marketing materials pretty easily, even from the most cloistered of funds. Hell, the only reason you aren't bombarded with them is because of marketing and disclosure laws that identify you, Mr. Thomas, as neither an Accredited Investor nor a Qualified Purchaser.
@ADismalScience: According to my sources at Clarium, he still keeps his assets at the firm. He no longer runs his personal finances through Clarium, however -- that's how his employees caught him making a donation to NumbersUSA, the anti-immigration lobbying outfit.
Has anyone pointed out that this is basically a list of "it is so crappy having to hide how lavishly we still live because my husband's company was rescued by the government and we don't want anyone to know how their tax dollars are being spent?"
The next time she's eating fried bologna, tuna from the can, and washing it down with red Kool Aid, I'll then feel some pity. Wait. No I won't 'cause that'll mean she and hubby pissed away more money than they have any right to have! So instead I'll point and scoff and maybe buy an out-of-season Prada handbag from her so she can buy a hot plate with which she can forage a divine meal of Spaghetti-O's and white bread to celebrate.
This next to the Tina Fey post proves that it's okay to be rich as long as you seem cool. Just, you know, don't get rich by doing something icky like banking.
05/26/09
05/24/09
05/24/09
05/24/09
05/24/09
05/24/09
05/24/09
05/24/09
05/24/09
Down the street from us is a convenience store where day laborers gather in the morning, to wait for work. As the economy worsens they are drinking more, earlier. Robberies started to become a daily occurrence so someone towed in a giant box with an array of cameras on top. 360 degrees, daylight and infrared. Supposedly the video goes both to a security company and to the police department, and from what they're saying, crime has dropped off completely around that corner.
In the same vein, I saw a small black hummer a few days ago parked at a shopping center. It had an infrared camera mounted near the rearview mirror and big roof container with two more cameras pointed forward. What is *that* all about?
05/24/09
05/24/09
05/24/09
He should just hopped onto the car's roof and hung on for dear life.
05/24/09
05/24/09
05/24/09
05/24/09
05/24/09
05/24/09
05/24/09
05/24/09
05/14/09
05/14/09
05/14/09
1.) 2006 is a faraway time. Most hedgies have seen the wisdom in putting less of their money where their mouth is. I would be very surprised if Mr. Thiel has retained this approach.
2.) As you disclosed, liquid net worth. Other, harder-to-value assets like the Facebook stake likely pepper his portfolio. I'd be shocked if that was Mr. Thiel's only venture, after all!
The presence of that statement document doesn't make such a blindered analysis credible. You can get the pitchbook and the marketing materials pretty easily, even from the most cloistered of funds. Hell, the only reason you aren't bombarded with them is because of marketing and disclosure laws that identify you, Mr. Thomas, as neither an Accredited Investor nor a Qualified Purchaser.
05/14/09
05/14/09
Color me shocked. Foolish and vain, though I suppose it fits the profile.
05/14/09
04/21/09
I've never heard it called "flying under the radar" before.
04/21/09
04/21/09
Pffftttt!
04/21/09