Comment on Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears

• CosmoNova@lemmy.world ⁨13⁩ ⁨hours⁩ ago

  You see that is exactly the problem I have with these posts. You don‘t actually know if the trading portfolio of a mega evil asshole actually has any impact on the technology world. Stocks are just gambling and he could make the wrong move here. Like 90% of high traffic posts in r/technology was just random billionaires trading stocks at some point. It was utterly pointless.

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  • Aceticon@lemmy.dbzer0.com ⁨5⁩ ⁨hours⁩ ago

    This is the American version of Kremlinology: just like then all manner of non-political actions of members of the Soviet elites were studied to try to predict the direction of the Soviet Union, now all manner of non-political actions of members of the American elites are studied to try to predict the direction of the United States.

    The reason for that kind of thing is that in systems were almost all of the real thinking, motivations and even politically revelevant actions of the elites controlling those nations are hidden or disguised, the only way to try and deduce what’s going on is to look at those things which by need or because they’re deemed to unimportant aren’t hidden or disguised.

    Peter Tiel’s bulk stock sales and purchases are one such non-political data points that might be important in predicting the short- and mid-term future of the US, at least Economically, which in turn Political implications and more broadly for the future of American and Americans.

    Sadly what American elites do in the Stockmarkets tells us a lot more about were they see the country going to than what they say.

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  • khepri@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    While true, I gotta suspect that Peter Thiel, specifically, gets to peak under the hood before he makes his bets to a degree that most of us can only imagine.

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