Saturday, November 12, 2016

Peter Thiel "Gets It"...

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Among Trump's earliest vocal critics was Peter Thiel, an American entrepreneur, venture capitalist, and hedge fund manager. Thiel co-founded PayPal with Max Levchin and Elon Musk and served as its chief executive officer. He also co-founded Palantir, of which he is chairman. He was the first outside investor in Facebook, with a 10.2% stake acquired in 2004 for $500,000, and sits on the company's board of directors. Thiel now serves as president of Clarium Capital, a global macro hedge fund, and he has come around to the view that, "Trump is a 'fighter' but he will be 'inclusive'

Thiel said, "I think there will definitely be a push for less regulation of small businesses, some sort of fiscal stimulus. A lot of people voted for Trump because he just got it. He understood that things were very off track even if he didn’t have a precise road map of what to do. Other Republican candidates were almost delusionally Panglossian in their views of America. Hillary was also optimistic in a way that made her very out of touch. Sanders was the one other major candidate that really got the stagnation. I don’t agree with Sanders’s policy solutions, but I think that with a Trump vs. Sanders debate, we would have gotten more into the real issues."

I think Peter Thiel, like many in American business really, just GETS IT!

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