Awesome Interview with Libertarian, and Free Market Activist Billionaire, PETER THIEL Reveals Next Bubble Could be EducationSubmitted by Ralphizm on Mon, 01/24/2011 - 17:31
Back to the Future with Peter Thiel
The hedge-fund billionaire says we need more innovation — and less herd-thinking — to open a new frontier.
Peter Thiel may be most famous for his role (portrayed by Wallace Langham in The Social Network) as the venture capitalist who gave “The Facebook” the angel investment it needed to really launch. Before that, Thiel was known in Silicon Valley circles as the “Don of the PayPal mafia,” (his official role at the e-commerce site was founder and CEO), and more generally for his centrality as an investor in tech startups. Now, Thiel serves as the president of Clarium Capital, a hedge fund that (though it has suffered recently) made extravagant gains by betting against the housing market in 2007.
Though he’s primarily a businessman, Thiel has dabbled in libertarian activism. Most recently, he caused a stir by establishing the Thiel Fellowship, which will select 20 college students under the age of 20 and pay them $100,000 each to drop out of college and embark on entrepreneurial careers. Thiel is also an intellectual of astonishing breadth and depth who finds time, while running a major hedge fund, to produce thought pieces that survey the Western Canon, the geopolitical landscape, and financial economics at a gallop (such as this one for the Hoover Digest).