How Peter Thiel Made $10 Billion Without Ever Working

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  • čas přidán 14. 06. 2024
  • Have Companies & The US Government Pay You!
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    Have you ever heard of a self-made billionaire who made it there with minimal effort from themselves? Whether they’re a tech billionaire, a finance billionaire, or a real estate billionaire, usually getting to where they are takes decades of grinding. But there is one guy who was able to not just make $1 billion but $10 billion without ever really working, and that guy is Peter Thiel. The bulk of Peter’s wealth was made through early-stage startup investments. This included the likes of PayPal, Facebook, Ethereum, Lyft, Yelp, Airbnb, Spotify, SpaceX, and Stripe. And the craziest part is that he didn’t even start off with his own money, he actually started with borrowed money from friends and family. He would take a spread on the profit that he made for his friends and family, and eventually, he had enough capital to make investments himself. This video tells the insane story of Peter Thield and how he was able to make $10 billion without ever working.
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    Timestamps:
    0:00 - Peter Thiel
    2:05 - Completely Lost
    5:39 - Thiel Capital Management
    8:32 - Winning Streak Of A Lifetime
    Thumbnail Credit:
    John Lamparski - Getty Images
    bit.ly/4b5rjRj
    Resources:
    pastebin.com/f5vaUgDe
    Disclaimer:
    This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
    www.silomarkets.com/disclosures

Komentáře • 508

  • @MarcoAlessandra-ns4xh
    @MarcoAlessandra-ns4xh Před měsícem +1379

    You will miss a lot good opportunities to become a wealthy person if you don’t have money to invest in your life.

    • @JulieAngelina-vm2ed
      @JulieAngelina-vm2ed Před měsícem

      You can start as little as you have then waiting on when you have millions.

    • @AndreaAldo-zr1dh
      @AndreaAldo-zr1dh Před měsícem +1

      As a new beginner you surely need a professional broker to guide you through.

    • @PatrickJohn-nv6uv
      @PatrickJohn-nv6uv Před měsícem

      Cryptocurrency is the future of tomorrow especially when you have a profitable investment platform.

    • @justinodoemena4554
      @justinodoemena4554 Před měsícem

      I heard she works under trading live limited.

    • @KimbleyBrown-vg5qw
      @KimbleyBrown-vg5qw Před měsícem

      You mean Andrea Lund ?

  • @Aarrenrhonda3
    @Aarrenrhonda3 Před 29 dny +1514

    Ensuring the protection of your capital holds greater significance than solely focusing on making money. This is primarily because once your capital is lost, the process of generating profits becomes significantly more challenging. It is comparable to the notion of "missing the train" versus the irreversible consequence of "losing your money." While there are various opportunities available, once your funds are depleted, it becomes exceedingly difficult to recover.

    • @Elkemartin213
      @Elkemartin213 Před 29 dny +5

      Wall Street advocated for quality stocks that boasted high profitability and low debt, positioning them as a form of insurance against economic uncertainties. However, these quality stocks have underperformed the S&P500 index this year. As a result, my portfolio, valued at around $200k, has experienced a decline of approximately 20%. I am seeking recommendations on how to enhance my investment returns and scale up my portfolio.

    • @Jamesbrown1126
      @Jamesbrown1126 Před 29 dny +5

      The reality is that nobody possesses absolute knowledge in the world of investing. Therefore, it is crucial to develop your own process, effectively manage risk, and remain committed to your plan, regardless of the circumstances. Additionally, it is essential to continuously learn from past mistakes and strive for improvement in order to navigate the investment landscape successfully.

    • @Davidstowe872
      @Davidstowe872 Před 29 dny +3

      I agree, which is why I find it beneficial to have an investment coach guiding my day-to-day investment decisions. They possess a skillset focused on capitalizing on both long and short positions, effectively managing risk to leverage its asymmetric upside, and employing hedging strategies to mitigate the impact of market downturns. Additionally, their access to exclusive information and in-depth analysis further enhances the potential for outperforming the market. I have been utilizing the services of an investment coach for over two years, and the results have been remarkable, with net earnings exceeding 2.8 million.

    • @SteveEstrada-js9nu
      @SteveEstrada-js9nu Před 29 dny +5

      Would you be willing to provide information about the advisor who aided you? As a 39-year-old, I am eager to expand my stock portfolio and devise a retirement plan.

    • @Jamesbrown1126
      @Jamesbrown1126 Před 10 dny +2

      Her name is “Amber Dawn Brummit” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

  • @Charles-wp9dd
    @Charles-wp9dd Před 25 dny +965

    Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

    • @Sarah-ui3vd
      @Sarah-ui3vd Před 25 dny +1

      Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

    • @MileyHumphrey-ql4jp
      @MileyHumphrey-ql4jp Před 25 dny

      Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

    • @Joseph-zw3sb
      @Joseph-zw3sb Před 25 dny

      Could you kindly elaborate on the advisor's background and qualifications?

    • @MileyHumphrey-ql4jp
      @MileyHumphrey-ql4jp Před 25 dny

      Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

    • @Joseph-zw3sb
      @Joseph-zw3sb Před 25 dny

      Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

  • @CrystalJoy-32
    @CrystalJoy-32 Před měsícem +507

    One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.

    • @Sampson-jh7yq
      @Sampson-jh7yq Před měsícem

      You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

    • @FrankPatrick-no8zo
      @FrankPatrick-no8zo Před měsícem

      That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

    • @DennisJack-km8ho
      @DennisJack-km8ho Před měsícem

      I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.

    • @FrankPatrick-no8zo
      @FrankPatrick-no8zo Před měsícem

      There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

    • @RuthEvelyn-rc3bg
      @RuthEvelyn-rc3bg Před měsícem

      Thank you so much for your helpful tip!

  • @BarbaraRichstone
    @BarbaraRichstone Před 27 dny +586

    I can never catch a break in the stock market. I was up by nearly $4000 but I regret not selling sooner. sometimes I think I am too impulsive and sometimes I think I'm not fast enough.the Market is too volatile.

    • @Andrian-ch3on
      @Andrian-ch3on Před 27 dny +2

      It's frustrating to be up by nearly $4000 and then see it disappear. The stock market can be so unpredictable and volatile, it's easy to feel like you're constantly second-guessing yourself. It's tough to know when to sell and when to hold, and even tougher when you feel like you're missing out on potential gains or taking unnecessary losses. It's enough to make you want to pull your hair out! It's a constant rollercoaster of emotions and it's easy to feel like you're the only one struggling.

    • @JacksonMiley-iq7mo
      @JacksonMiley-iq7mo Před 27 dny +1

      you're not alone in this. Many investors face the same challenges and frustrations as you do. It's just part of the game. But it's important to remember that with the right mindset and strategy, you can improve your chances of success in the market.

    • @VitaliiSych
      @VitaliiSych Před 27 dny +2

      With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

    • @JacksonMiley-iq7mo
      @JacksonMiley-iq7mo Před 27 dny +1

      this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @VitaliiSych
      @VitaliiSych Před 27 dny +1

      Kristin Amy Rose is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

  • @HealthAfter30
    @HealthAfter30 Před měsícem +216

    the clickbait levels are getting off the charts even for you

  • @sting_grayl
    @sting_grayl Před měsícem +624

    Hi, I started my 100k portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is waaaaay up (39.62%). Thanks for the education! Hoping this is a valid thought process?

    • @WestonScally7614
      @WestonScally7614 Před měsícem +6

      Wasn't a great April but if you step back and actually look you will see the S&P 500 was up for the first Quarter. In the last 30 days, my IRA saw a gain of $30k.

    • @SaintYvess
      @SaintYvess Před měsícem +4

      The market's instability makes DIY risky. You don't need to find the next NVDA to succeed in investing. Opt for top-notch ETFs, dividend aristocrats, and a trusted advisor. I've turned 130k into $17k in annual dividends, a major milestone.

    • @Redwood4040
      @Redwood4040 Před měsícem +3

      I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

    • @SaintYvess
      @SaintYvess Před měsícem +2

      Jennifer Leigh Hickman has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her if you want excellent collaboration.

    • @JordanReam8186
      @JordanReam8186 Před měsícem +2

      Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

  • @mjzalov
    @mjzalov Před měsícem +320

    Bottom line, have a lot of rich, well connected friends. And of course have a vision.

    • @Shreyash.guptaa
      @Shreyash.guptaa Před měsícem +4

      + A lot of showing up everyday!

    • @ocularpatdown
      @ocularpatdown Před měsícem

      And end up being parasites to society.

    • @jayjay210197
      @jayjay210197 Před měsícem +8

      Also be extremely smart

    • @Archer-hg9rw
      @Archer-hg9rw Před měsícem +1

      You forgot have a top 0.1%, and be a lifetime learner

    • @honor9lite1337
      @honor9lite1337 Před měsícem

      ​@@jayjay210197sometimes smartness cam become hindrances.

  • @bgt54rfvcde32wsxzaq1
    @bgt54rfvcde32wsxzaq1 Před měsícem +472

    So his parents were in the top 10%. He got an education from a top 1% university. Now he's in the top 0.01% 💰 🤑 💸

    • @nloadergd9193
      @nloadergd9193 Před měsícem +72

      rich get richer... tale as old as time...

    • @thomasduthie
      @thomasduthie Před měsícem +72

      Immigrants who moved around constantly, that’s the top 10%? Got a full scholarship to a top 1% school… I know this guy isn’t an all round great guy but it’s pure insecurity to say he had everything handed to him.

    • @nloadergd9193
      @nloadergd9193 Před měsícem +30

      @@thomasduthie idk if you know but, if you are a chemical engineer moving around countries, i think you'd be quite a successful person

    • @doomtomb3
      @doomtomb3 Před měsícem +28

      that's still a climb. not many people start in top 10% and get in the top 0.01%...

    • @ngjunxiang5061
      @ngjunxiang5061 Před měsícem +13

      you do get how difficult the jump is... right?

  • @ChristopherDavies_
    @ChristopherDavies_ Před měsícem +683

    The absence of stock investments has left me with a sense of remorse, albeit I'm appreciative of my decision to maintain funds in the money market. With roughly $200k nearing maturity, I'm gearing up to step into the stock market. Could you advise me on suitable stocks for a beginner looking to steadily increase their capital?

    • @EmilyMartinez.
      @EmilyMartinez. Před měsícem +2

      The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.

    • @EthanBrown_23
      @EthanBrown_23 Před měsícem

      Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.

    • @tunnelvision3246
      @tunnelvision3246 Před měsícem +1

      Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?

    • @EthanBrown_23
      @EthanBrown_23 Před měsícem +1

      'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @JessicaThompson.
      @JessicaThompson. Před měsícem +1

      I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.

  • @megalomedia
    @megalomedia Před měsícem +112

    So you also say that Warren Buffett never worked for substantial amounts of money ever?
    Being an investor is real work. Nonetheless, Peter Thiel cemented himself as a legend in his field, truly a one-of-a-kind guy.
    Great work, highlighting Peters legendary bets.

    • @LogicallyAnswered
      @LogicallyAnswered  Před měsícem +21

      Investing is definitely work, and it’s a lot of responsibility and risk as well. But I guess the point is that Peter never really had any earned income as a founder or executive or any of those traditional paths :)

    • @AnEntityBrowsingYT
      @AnEntityBrowsingYT Před měsícem +1

      @@LogicallyAnswered Haven't watched the video yet and have been subscribed for a fairly long time and enjoy your videos, but given the initial comment you just replied to: Given your follower count and ability to create videos that are viewed by so many, shouldn't you have proof read the script and removed that sort of comment.
      (Again, I haven't watched the video yet, I just caught this comment at a time that might get your opinion)

    • @albeit1
      @albeit1 Před měsícem +2

      @@LogicallyAnsweredthe point is you’re ok with lying.

    • @jayg6434
      @jayg6434 Před měsícem +1

      When you are surrounded by influential and wealthy people and you are smart at convincing them to part with some of their money for investments, I think there is no need to work and make money the traditional way if you know how invest them in startups. That’s what the presentation was all about.

    • @artarealmblazer8452
      @artarealmblazer8452 Před měsícem +5

      Investing isn’t work. The whole point is for your money (and people by proxy) to work for you.

  • @Theaverageazn247
    @Theaverageazn247 Před měsícem +64

    something you didnt mention is how peter had tons of private paypal stock in his ira and then rolled it into his roth. He paid pennies on the dollar for taxes for the back door roth converstion because paypal wasnt public so the value of stock was low. Now he has 5 billions in tax free money after paypal went public. This move saved him BILLIONs in taxes. Pay taxes low and avoid taxes on gains forever

    • @LogicallyAnswered
      @LogicallyAnswered  Před měsícem +9

      What a genius play hahaha

    • @alphamineron
      @alphamineron Před měsícem +1

      What do you mean backdoor? Is that illegal?

    • @shawnrosspeters
      @shawnrosspeters Před měsícem +6

      ​@@alphamineronno that's just what it's called when you convert dollars from an IRA to a Roth IRA. It's completely legal and something many many people do, not just super rich people.

    • @ID_Kevin
      @ID_Kevin Před měsícem

      @@shawnrosspetersbut don’t you have to pay taxes for it? He probably have a few thousand dollars of PayPal stocks, but that is still taxed.

    • @iRunKids
      @iRunKids Před měsícem +1

      many people do this, the rules are different for the wealthy

  • @JohnHamlin-rh3ee
    @JohnHamlin-rh3ee Před měsícem +179

    He’s just like me! Well, besides the 10 billion part…

    • @LogicallyAnswered
      @LogicallyAnswered  Před měsícem +27

      😂

    • @saptarshidas9365
      @saptarshidas9365 Před měsícem +6

      😂😂

    • @rtothec1234
      @rtothec1234 Před měsícem +12

      Same here minus the money, intelligence and I like chicks instead. 😂

    • @yeahyeah9869
      @yeahyeah9869 Před měsícem +2

      You forgot intelligence and personality

    • @urimtefiki226
      @urimtefiki226 Před měsícem

      And billions of other people in the world. nothing distinguishes him being an average IQ.

  • @magicalpodium
    @magicalpodium Před měsícem +8

    I know folks with similar background who have nothing to show.
    In his own case, Peter used it to his advantage. He is one brilliant guy.

  • @ericdoheny9108
    @ericdoheny9108 Před měsícem +8

    I met Peter and I could barely get a question in, because I mentioned I worked in oil drilling and he could NOT stop asking me questions. Inquisitive guy and I hear Warren Buffett is the same

    • @bAtACt1X
      @bAtACt1X Před měsícem

      and that`s all they have in common

  • @natandrake6007
    @natandrake6007 Před měsícem +9

    Peter Thiel made money selling. AND YES he needed to WORK.
    The difference is that he worked on selling companies, whether he took them public or sold them to another company. And he knows well that it is not necessary to be the founder of a company to sell it, it is enough to have a stake in it.
    The same with purchasing shares of other companies, it is a way of selling parts of other companies without being the owner or founder of them.
    buy low, sell high.
    The difference is that it focused on VALUATION, not so much on the gross profit of the companies, what matters in the stock market is that the shares one owns are from a company with a good future valuation.

  • @wentan7
    @wentan7 Před měsícem +9

    The click bait be real. He worked numerous jobs. And he started a venture capital company, ya know where he WORKED

  • @TobiasStarling
    @TobiasStarling Před měsícem +21

    The amount and level of pivots this guy made is only possible for those with mad nepotism status

  • @wecomingforyou1388
    @wecomingforyou1388 Před měsícem +14

    fun fact, if bill gates never sold his stock on MSFT he would be worth north of 1.5 trillion.

    • @LogicallyAnswered
      @LogicallyAnswered  Před měsícem +3

      True

    • @princemc35
      @princemc35 Před měsícem

      How much did he own?

    • @laCruz40oz
      @laCruz40oz Před měsícem +1

      wrong because of shares being issued and stock based comp to newer employees he wouldve been diluted.

    • @malingajosephkirk1045
      @malingajosephkirk1045 Před měsícem

      That's what happens when you follow advice from friends like Warren Buffett 😂

  • @Play_Streams
    @Play_Streams Před měsícem +33

    Thiel secret sauce: Money + Education + Connected Friends + Dumb Luck

    • @uromvictor
      @uromvictor Před měsícem +1

      Thats the formula

    • @HelloWorld-hb7yt
      @HelloWorld-hb7yt Před měsícem +3

      he went to a top school, he is very smart.

    • @useodyseeorbitchute9450
      @useodyseeorbitchute9450 Před měsícem

      Not really. To excel at math one need really high IQ and that's mostly genetic.

    • @criticalthinker-ys7vt
      @criticalthinker-ys7vt Před měsícem +1

      its all excuse of unsuccessful people

    • @josephmelton4721
      @josephmelton4721 Před měsícem +1

      The fact that you all think you could be him with the right amount of luck shows how sad the current landscape is. Pathetic.

  • @agarg932
    @agarg932 Před měsícem +4

    I didn't understand how he was able to switch jobs so smoothly and get a new one in a completely different area... Was it because he's from Stanford?

  • @Dont_see_this_channel
    @Dont_see_this_channel Před měsícem +18

    Love All ,
    Trust A Few ,
    Do Wrong To No One .....

  • @apc9714
    @apc9714 Před měsícem +6

    He might have worked less than others (lucky guy) but he is so smart. His book avouf startups "from zero to one" is a great reading, and the audio is available for free on CZcams.

  • @connorferguson2269
    @connorferguson2269 Před měsícem +14

    So basically he's a tech bull :D

  • @swaggery
    @swaggery Před měsícem +27

    Said in a different way, have a few million laying around.

    • @Derekzparty
      @Derekzparty Před měsícem +4

      It's the same argument.
      If you need a few million, start with a few hundred thousand.
      If you need a few hundred thousand start with a few thousand.

  • @pasjeihobby
    @pasjeihobby Před měsícem +4

    It's beyond comfortable to make phone louder and listen to your content. Many thanks for your effort.

  • @generallyhelpfulsoftware646
    @generallyhelpfulsoftware646 Před měsícem +5

    Really should mention how he ended up with billions growing tax free in his Roth account.

  • @nathannael5140
    @nathannael5140 Před měsícem +68

    In conclusion, this guy is lucky, very lucky

    • @LogicallyAnswered
      @LogicallyAnswered  Před měsícem +1

      Hahaha

    • @merbal3966
      @merbal3966 Před měsícem +3

      Their is no such, as luck. He has good karma from previous life...

    • @Choicexband
      @Choicexband Před měsícem +2

      there's no such thing as luck✡️

    • @AUSTIN-ss2zd
      @AUSTIN-ss2zd Před měsícem +2

      No he's a member of a society of secrets

    • @yeahyeah9869
      @yeahyeah9869 Před měsícem +1

      No, watch his documentary and you will know. It's easy to just type a comment but I don't think you can do 10% of what he did if you were in his position

  • @lovenishberiwal7622
    @lovenishberiwal7622 Před měsícem +5

    Peter Thiel is surely one of the great inverstors of modern times. Thanks Hari for the video!

  • @gabrielebianchi8976
    @gabrielebianchi8976 Před měsícem +4

    He is also the author of the book international bestseller “0 to 1”

  • @radestein8548
    @radestein8548 Před měsícem +18

    Thanks gonna try this one

  • @voiceluckan
    @voiceluckan Před měsícem +7

    He's whay every middleman aspires to be

    • @Redactedlllllllllllll
      @Redactedlllllllllllll Před měsícem

      Not me, let everyone be slaves to money, I'm just going to buy my freedom from this depraved civilization.

  • @RATsnak3
    @RATsnak3 Před měsícem +3

    In summary: How to get rich: be rich. Get richer. Profit.

  • @santoshdesai7703
    @santoshdesai7703 Před měsícem +3

    He is a true visionary who the hell predicts crypto and cell phone computing in 1999?😂😂

  • @martinfobert9407
    @martinfobert9407 Před měsícem +4

    Are not most billionaires people that never actually "worked"?

  • @EcomCarl
    @EcomCarl Před měsícem +2

    Thiel's journey exemplifies the power of strategic connections and calculated risks in the entrepreneurial world. It's a testament to the importance of leveraging opportunities and forging meaningful relationships on the path to success! 🚀

    • @lox7182
      @lox7182 Před měsícem

      I don't know if meaningful relationships is the right word, but yeah that is correct.

    • @EcomCarl
      @EcomCarl Před měsícem

      @@lox7182 Cheers man!

  • @laughingman7882
    @laughingman7882 Před měsícem +7

    This dude became rich the same way Naruto became Hokage. Hard work and every advantage at birth possible plus high charisma and luck stats

  • @tinytony6766
    @tinytony6766 Před měsícem +334

    Thank you Lord Jesus for the gift of life and blessings to me and my family $140K weekly profit Our lord Jesus have lifted up my Life!!! A. V

    • @PrincessKenya-xl7rn
      @PrincessKenya-xl7rn Před měsícem

      I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

    • @ChungHee-jt2uw
      @ChungHee-jt2uw Před měsícem

      How
      ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

    • @PhilipJames-dw9vq
      @PhilipJames-dw9vq Před měsícem

      Thanks to Mr Lee Davis.

    • @PhilipJames-dw9vq
      @PhilipJames-dw9vq Před měsícem +1

      He's a licensed broker here in the states

    • @BlessingBangani
      @BlessingBangani Před měsícem

      YES!!! That's exactly his name (Lee Davis) so many people have recommended highly about him and am just starting with him 😊 from Brisbane Australia🇦🇺

  • @laurelharper123
    @laurelharper123 Před 16 dny +4

    I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That'd be enough to create a portfolio that would pay you between $50k to $70k in dividend income

    • @BiancaSherly-qt6sb
      @BiancaSherly-qt6sb Před 16 dny +1

      Just because there are opportunities in the market doesn't mean you should go in blindly. To understand the potential factors that contribute to your financial growth, l'il advise you to seek the help of a professional

    • @maryHenokNft
      @maryHenokNft Před 16 dny +2

      I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

    • @maggysterling33254
      @maggysterling33254 Před 16 dny +1

      @@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

    • @maryHenokNft
      @maryHenokNft Před 16 dny +1

      Wright promptly do a web check where you can connect with her *Gertrude Margaret Quinto* and do your research with her full names mentioned..

    • @TheresaAnderson-kf5xw
      @TheresaAnderson-kf5xw Před 16 dny +1

      Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

  • @maxt1617
    @maxt1617 Před 25 dny +1

    Great video. I'm surprised how he attracted "only" $1m in the late 1990s to start Thiel Capital Management. Of course he had little background to draw on, so investors were taking a risk, however $1m wasn't a lot and just shows how successful he was from such a modest starting point.

  • @caty863
    @caty863 Před měsícem +9

    _"...lack of transcendental value in the job."_
    What a phrase. I wish I had the financial security to quit any job that didn't fulfill me.

  • @Wallacenawa
    @Wallacenawa Před měsícem +14

    2:52 When you mention Namibia, why do you have to show that image? You are the people that give people the wrong impression of Africa. Namibia is a beautiful well-developed country. I got my Engineering degree there......

    • @MarshallNwachukwu
      @MarshallNwachukwu Před měsícem +1

      Don't mind those westerners ignoramus... everything Africa is shit for them...
      On a higher note Namibia has better infrastructure than most countries in Europe.... Very primitive people this western media

    • @jeffersonhassan4558
      @jeffersonhassan4558 Před 20 dny

      Oh please, have several seats, that's all you got from this video? Seriously? And I'm also an African too and don't mind because that wasn't the bone of contention

  • @rhy8336
    @rhy8336 Před měsícem +4

    Peter one of the most foundational libertarian tech ghouls of Silicon Valley

    • @bh4462
      @bh4462 Před měsícem +1

      No wonder he's the financial backer for some of the crappiest American politicians.

  • @verb0ze
    @verb0ze Před měsícem +2

    Click-baity title aside, perseverance and a stroke of luck got him where he is. But it's work. Lots of work. Evaluating startups is no easy feat, you basically play at predicting the future of a company, and that takes a lot of research and negotiation and good mgmt

  • @batosato
    @batosato Před měsícem +2

    One takeaway from this video: If you want job, money or respect then have a rich and influential network.

  • @jurycould4275
    @jurycould4275 Před měsícem +24

    Working for CIA. It's common knowledge tbh.

    • @r3dp1ll
      @r3dp1ll Před měsícem

      Palantir

    • @MegaHolmes69
      @MegaHolmes69 Před měsícem +1

      I was about to say this. Palantir and Facebook have intel and defense contracts. Palantir is essentially a privatized intelligence agency. I would argue his real wealth is probably more than $10 billion ($30 billion range) lol

  • @Keith_explain
    @Keith_explain Před měsícem

    What type of bckground music he is using ?

  • @VishalRaoOnYouTube
    @VishalRaoOnYouTube Před měsícem +1

    10:41 You forgot to mention that he sheltered his Facebook in a Roth IRA....probably the most gangster Austrian economics libertarian tech bro move ever.

  • @TOPSHOOTAS
    @TOPSHOOTAS Před měsícem +1

    That was a nice profile of Peter Thiel. Good insight and inspiring. Thank you

  • @icusawme2
    @icusawme2 Před měsícem +2

    I knew being a lawyer wasn’t a real job…Sarcasm for the click baiting title…Good video !

  • @iRunKids
    @iRunKids Před měsícem +1

    If you’re the guy who knows all the right people and how to create successful startups then you become indispensable to companies when they are most desperate and vulnerable

  • @quantum_man
    @quantum_man Před měsícem +1

    This is a fabulous account and example shows that chasing Purpose, Meaning and fulfilment over just money or even a high paying job is the answer to success at insane levels.

  • @JonySmith-bb4gx
    @JonySmith-bb4gx Před měsícem +2

    He was born rich. That's why

    • @G41251
      @G41251 Před 28 dny

      Being born rich doesn’t mean you won’t go bankrupt if you aren’t very smart or you take stupid risks. Most great fortunes are gone within 3 generations. The Vanderbilt family (Anderson Cooper) was once one of the most wealthy families in America. They figure out how to piss it all away within 3 generations.

  • @screenwriterjohn
    @screenwriterjohn Před měsícem +1

    Fun fact: he funded Hulk Hogan's lawsuit against Gawker, because Gawker outed him as gay (which was legal).

  • @optimize.
    @optimize. Před měsícem

    Thiel is very smart, endeavoring, quite lucky and rather ruthless: a winning combination to make a lot of money.

  • @kevingitau9230
    @kevingitau9230 Před měsícem +7

    Time to watch something interesting

  • @user-ul6le8ou5w
    @user-ul6le8ou5w Před měsícem

    Very high quality content, the author definitely knows his stuff.

  • @void________
    @void________ Před měsícem +1

    I'm going take a job below my pay grade, writing for some important dude. Easy transition.

  • @mktf5582
    @mktf5582 Před měsícem +1

    Please do Michael Platt - Christopher Hohn - Jim Ratcliffe - Ben Francis Gymshark.

  • @omaojoalu1388
    @omaojoalu1388 Před měsícem

    Just today i was reading "Zero to one"

  • @JustMe-xb4ey
    @JustMe-xb4ey Před měsícem +1

    Lots of stupid comments in the comment section here. 1st time seeing your face brother. Awesome video again. Keep doing what you do! Big Fan!

  • @satekuuthitentertainment9996

    00:01 Peter Thiel made $10 billion without traditional earned income.
    01:47 Peter Thiel made $10 billion without ever working.
    03:24 Peter Thiel pursued philosophy and law before venturing into finance.
    04:57 Peter Thiel made a complete pivot to the finance industry.
    06:41 Peter Thiel raised $1 million to establish Thiel Capital Management for venture capital investing.
    08:12 Peter Thiel's compensation is performance-based, leading to significant gains with successful investments.
    09:53 Peter Thiel's strategic investments led to massive success
    11:36 Peter Thiel made $10 billion without ever really working
    Crafted by Merlin AI.

  • @siciliandragon4675
    @siciliandragon4675 Před měsícem +6

    Lemme Guess , By being smart and very lucky ??

  • @hotkeyafl
    @hotkeyafl Před měsícem

    This isn't a knock on your channel, because its great.
    His backstory was a bit long winded, when its more interesting the strategies he used to get rich.

  • @ammatussamadowolabi7515
    @ammatussamadowolabi7515 Před měsícem +3

    You mean Peter Thief😂😂😂

  • @jabig1
    @jabig1 Před měsícem

    Wow!! He was definitely working, although his work was in thinking and envisioning the future.

  • @megatronDelaMusa
    @megatronDelaMusa Před měsícem

    Peter is good at forecasting the future , like an economic hitman

  • @burchified
    @burchified Před měsícem +1

    MF asked his bank to calculate his dollars per hour worked and realized what happened when you divide by 0

  • @polymathx_
    @polymathx_ Před měsícem +3

    What happened to the roth ira??

    • @gjd424
      @gjd424 Před měsícem

      Yeah he made the biggest return on an IRA in history I believe! 💯check out his book 0-1 too it’s great.

  • @bobbysahye
    @bobbysahye Před měsícem

    Amazing video.Keep it up.Greetings from London.

  • @RedBloodDragon.
    @RedBloodDragon. Před měsícem +1

    What a clickbait of a video description.

  • @MB2501.
    @MB2501. Před měsícem +1

    This video is Very Inaccurate he was one of the PayPal founders and work his ass of to build the PayPal one of the first online global payment. For 5-7 years. He started investing after he sold PayPal like Sam Altman.

  • @perfectlycontent64
    @perfectlycontent64 Před měsícem +1

    Hes definitely a genius but he also worked luckier.

  • @thomassissay5719
    @thomassissay5719 Před 5 dny

    He worked sooo hard infact ,

  • @M.W.H.
    @M.W.H. Před měsícem

    By replacing one letter with another.

  • @jojo5107
    @jojo5107 Před měsícem

    I believe he worked 100X harder than what you mean tho not manual hard work. Inventing involves tremendous mental capitals and stress plus being visionary.

  • @prophetseven728
    @prophetseven728 Před 13 dny

    So, basically he got lucky and bet on the right horse.

  • @jpf51286
    @jpf51286 Před měsícem +1

    I thought his book was 0 to 1, not 0 to 10billion?

  • @anthonymanning4077
    @anthonymanning4077 Před měsícem

    Never working? He literally worked his ass off.

  • @johngoncalves
    @johngoncalves Před měsícem +1

    Without ever working…except that he did!! Clickbait much?

  • @kamito961
    @kamito961 Před měsícem

    Good info Hari❤

  • @void________
    @void________ Před měsícem

    Next time, I'm going to have richer parents.

  • @AudaxLwekamwa-kt6eg
    @AudaxLwekamwa-kt6eg Před měsícem

    I still don't understand/figure out any evidence supporting "zero working theory"

  • @adityabenwalca
    @adityabenwalca Před měsícem

    Investing is working man ...

  • @codycast
    @codycast Před měsícem +1

    2:00 come on man, I like your channel. But you can do better than that.
    Let’s not pretend that finding people with cash and recognizing companies that would be a good investment and getting those people with cash to invest takes no work.
    If anybody disagrees, go and try to do it.
    also, he couldn’t have made any money unless he was doing right by people who were investing with him so he was certainly creating value for both the investors and the businesses who received those investments.

  • @rabiileomar7395
    @rabiileomar7395 Před měsícem

    That is work and hard work to run real state business

  • @JSiuDev
    @JSiuDev Před měsícem +1

    I just don't know how to match the content with the title🤦‍♂

  • @stoicman31
    @stoicman31 Před 12 dny

    lol. His depiction of Namibia. Indian guy.

  • @blesswillw8629
    @blesswillw8629 Před měsícem

    He worked smart very smart

  • @CommanderWolffe-jh5lr
    @CommanderWolffe-jh5lr Před měsícem

    How is it possible that people get Jobs Like derivates trader, when his area was law or philosophy? Or how can he study law when he studied Philosophy?

    • @LogicallyAnswered
      @LogicallyAnswered  Před měsícem +2

      You can study anything you want before applying to law school. Most people just do business or liberal arts undergrad, so that’s kind of the norm actually. And regarding becoming a derivatives trader, I think a Stanford law degree does all the talking there. If you’re smart enough to make Stanford twice and earn a law degree, you should theoretically be smart enough to learn derivatives trading.

    • @CommanderWolffe-jh5lr
      @CommanderWolffe-jh5lr Před měsícem

      @@LogicallyAnswered ok thx. So You could just do an easy undergrad and law postgrad instead of a hard law undergrad and law postgrad? But peoples like him would have to learn derivates from the beginning while working Like an apprentice?

    • @VishalRaoOnYouTube
      @VishalRaoOnYouTube Před měsícem

      The uncomfortable truth is that getting a job like that mostly takes raw IQ and a bit of discoverability and these carry much more weight than what specific major or degree one earns. In fact, some of the most heavily recruited candidates are theoretical physics students.

  • @tiffanyvelky
    @tiffanyvelky Před měsícem +1

    well done!

  • @uromvictor
    @uromvictor Před měsícem

    Whats your definition of work...

  • @yanafridabinaev
    @yanafridabinaev Před měsícem

    Insane! Great video!

  • @samhuni8271
    @samhuni8271 Před měsícem

    Doing a profile like this, one would think you'd take the time to find out how to pronounce the persons name xD

  • @dipayansarkar5416
    @dipayansarkar5416 Před 18 dny

    Liked the video very much!

  • @stc2828
    @stc2828 Před měsícem +2

    Ok, so venture capitalists have no job 😅

  • @markm0000
    @markm0000 Před měsícem +1

    Steve Jobs.
    Bro.

  • @ibrahimadiallo208
    @ibrahimadiallo208 Před 27 dny

    PT is SN

  • @andronickmartusheff
    @andronickmartusheff Před měsícem

    he’s a fed huh

  • @present_vs_future
    @present_vs_future Před měsícem

    lol did you just show a desert when referencing namibia.

    • @jeffersonhassan4558
      @jeffersonhassan4558 Před 20 dny

      I'm Namibian and we don't care because that wasn't the video's topic

    • @present_vs_future
      @present_vs_future Před 20 dny

      @@jeffersonhassan4558 wasn't tryna offend. Just was funny to me