Financial results are the objective test of an investment firm but I'm not sure you're factoring in the risk involved in what Clarium was doing. Or how wrong their bets were.
And I do know that Clarium is probably one of the better hedge funds by any measure. Peter Theil seems like an ethical and good person. That's so rare in that world it's probably the reason he was able to raise money without any expertise in trading.
And I do know that Clarium is probably one of the better hedge funds by any measure. Peter Theil seems like an ethical and good person. That's so rare in that world it's probably the reason he was able to raise money without any expertise in trading.