On: Asset Managers: The tide turns

[forgetsusername]

>often accredited to Peter Thiel

Only in Silicon Valley would people give Peter Thiel credit for an concept that's been around for 150 years of investing.

>maybe buying Github stock if it IPO's wouldn't be so bad.

Maybe? That doesn't sound very certain, and demonstrates how difficult it is to pick these things in advance. Do you know, or not?

I mean, it's all well and good to look back at some ideas that were good investments, in hindsight. Do you not think armies of people are trying to find "good" ideas that no one knows about? How many good ideas went nowhere?

[jerf → forgetsusername]

"Maybe? That doesn't sound very certain, and demonstrates how difficult it is to pick these things in advance. Do you know, or not?"

Without a hypothetical IPO price, that question is unanswerable.

I honestly still agree with your general point, but that's not specifically a valid argument.