I'm distrustful of extremes and both of these seem like extreme positions by Thiel.
I don't see any reason to think bitcoin is a savior because I think the moment it gets strong enough to matter it'll get smashed by the governmental powers it threatens. Someone needs to explain in simple, practical terms how to avoid this.
ESG... It's not at all my bag, but I don't understand the visceral hatred for it. Compared to government regulation, it seems like private investors choosing to put their money where their mouth is is a big improvement. Will such companies try to game this system? Of course. But so do non-ESG companies and we don't bat an eyelash at that. The bottom line to me is:
Arnold - I appreciate your stance on Bitcoin as I use it to check my own, opposite view. Curious to understand who in the bitcoin space you have read or consumed via podcast. There is a tremendous undercurrent of Austrian Economics in this space that I believe would align with much of your thinking. Often in your Monday seminars I’m listening to you and hearing a strong echo of bitcoiners. Which makes me very curious about the specific divergence of your view point from theirs (mine). Genuinely curious here. Hope we get a chance to cover it on a Monday evening…
I'm distrustful of extremes and both of these seem like extreme positions by Thiel.
I don't see any reason to think bitcoin is a savior because I think the moment it gets strong enough to matter it'll get smashed by the governmental powers it threatens. Someone needs to explain in simple, practical terms how to avoid this.
ESG... It's not at all my bag, but I don't understand the visceral hatred for it. Compared to government regulation, it seems like private investors choosing to put their money where their mouth is is a big improvement. Will such companies try to game this system? Of course. But so do non-ESG companies and we don't bat an eyelash at that. The bottom line to me is:
https://www.google.com/finance/quote/VFTAX:MUTF?comparison=MUTF%3AVFIAX&window=1Y
(ESG indices consistently underperform the S&P500).
Excellent. Good investment advice.
Arnold - I appreciate your stance on Bitcoin as I use it to check my own, opposite view. Curious to understand who in the bitcoin space you have read or consumed via podcast. There is a tremendous undercurrent of Austrian Economics in this space that I believe would align with much of your thinking. Often in your Monday seminars I’m listening to you and hearing a strong echo of bitcoiners. Which makes me very curious about the specific divergence of your view point from theirs (mine). Genuinely curious here. Hope we get a chance to cover it on a Monday evening…