Just started Max Chafkin's new Peter Thiel book ("The Contrarian"). In anticipation of it, also re-read Thiel's 2014 Reddit AMA...tons of interesting answers.
THREAD: Here are 10 of them including on Elon, MBAs, Facebook, Bitcoin and Palantir.
1/ Thiel's first impression of Elon
2/ Thiel's biggest investing mistake was not doubling down on Facebook (he also sold 80% of stake shortly after FB's IPO, at about $20 a share...it's now >$350)
3/ Thiel's "ban" on hiring MBAs
4/ Thiel's rationale for investing in SpaceX
5/ Thiel's reaction to the movie "The Social Network"
6/ Thiel's own answer to his famous question: "What is one thing you believe is true that most people don't"
7/ Thiel on whether or not he'll invest in someone wearing a suit
8/ Thiel on whether the Thiel Fellowship was a success
9/ Thiel's 2014 bull case for Bitcoin was around payments
10/ And prob the funniest answer
11/ If you enjoyed that, I write threads on business and tech 1-2x per week.
reminder that no “asian guy and stripper” story will ever top Enron Lou Pai’s “asian guy and stripper” story
Totally forgot Lou Pai got the stripper pregnant.
If this story was transplanted to 2020s, Pai would probably have been a whale on OnlyFans and gotten got…anyways, I wrote about the economics of OF here: readtrung.com/p/onlyfans-sti…
Boston Consulting Group (BCG) trained an AI slideshow maker called “Decker” on 900 templates and apparently gotten so popular that “some of its consultants are fretting about job security.”
Sorry, called “Deckster”. That excerpt was from this BI piece that also looked at McKinsey and Deloitte AI uses: businessinsider.com/consulting-ai-…
The Mckinsey chatbot is used by 70% of firm but same anonymous job board said it’s "functional enough" and best for "very low stakes issues." x.com/bearlyai/statu…
Here’s a r/consulting thread based on Computer World last year. Deckster was launched internally March 2024…some think it’s BS…some think it helps with cold start (B- quality): reddit.com/r/consulting/s…
never forget that episode of “Nathan For You” when he launched a fire detector product and tried to avoid import tariffs by turning it into a music device
One company that has been very good at navigating international food tariffs/regulations is Trader Joe’s. Built its dairy and wine businesses by finding workarounds.