THIEL: NO V-SHAPED RECOVERY

Peter Thiel, of Clarium Capital, had a very interesting presentation at the Ira Sohn Conference. His main points:

The government is very misguided in their economic recovery package
He likes tech companies that actually innovate. Claims that most tech companies are a “fraud”. Specifically dislikes Microsoft and other large tech companies that aren’t innovative, but huge licensing companies.
He is shorting the green shoots trade
He believes we are entering a world of massive inflation
Raw materials will become more expensive
Personal assets will deflate
There will be no v-shaped recovery.

For more on Clarium and Peter Thiel please see here and here.

Source: Zero Hedge and WSJ

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

leefool 05/28/2009 at 4:24 PM

i followed your links on Thiel and even though it brings your post the date of the post is nowhere to be found. Is there a way for you to enable showing the dates when following your links? It would put things into timeline…
Cullen Roche 05/28/2009 at 4:29 PM

Dates are always at the bottom of a single post just above the “add new comment”. The text is rather small so you just have to look hard for it….
steve 05/28/2009 at 10:35 PM

I like Thiel. It takes stones to short the green shoots trade, but it is interesting the way he is doing it. Lately, everything has been correlated – stocks up, bonds prices down, dollar down, commodities up. Sounds like he’s looking for a break in this correlation – i.e. stocks go down, but commodities continue to go up.

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