Betting on deflation. Peter Thiel, manager of Clarium, is showing losses in his fund of 17.1% through October.
Even Joe "The Gold Hater" Weisenthal figured out what Theil is doing wrong. He tweets:
Peter Thiel would be doing a lot better if he just bought gold and Treasuries while shorting Apollo like everyone elseI hope Weisenthal doesn't think Theil should be holding the Treasury securities long-term.
Strange. Peter Theil is a very smart man. I thought he would've loaded up on commodities, especially gold.
ReplyDeleteIt is funny any gold hater would chide him for not buying gold. :)