Peter Thiel Explains Why Hedge Funds Changed Their Mind About Trump, Says "Age Of Apple Is Over"

Tyler Durden's picture

Donald Trump's sole Silicon Valley supporter, Peter Thiel, has been notoriously media shy (recall he personally funded the destruction of Gawker for "outing" him), so when the NYT's Maureen Dowd posted an extensive interview with the Paypal cofounder and first Facebook investor, many were curious for insight into his thinking. In the interview, Thiel spoke candidly about how he views the world, just a week before Trump's inauguration, and while he touched on many topics, some that stood out to us were the following.

On why rich people and hedge fund managers changed their opinion of Trump virtually overnight:

“Somehow, I think Silicon Valley got even more spun up than Manhattan. There were hedge fund people I spoke to about a week after the election. They hadn’t supported Trump. But all of a sudden, they sort of changed their minds. The stock market went up, and they were like, ‘Yes, actually, I don’t understand why I was against him all year long.’”

It remains to be seen what "they" think of Trump once the market suffers its next correction.

Theil also discussed Apple, and when asked if the age of Apple is over, he confirmed:

"We know what a smartphone looks like and does. It’s not the fault of Tim Cook, but it’s not an area where there will be any more innovation."

Speaking about the Billy Bush sex tape, Thiel said that Silicon Valley is "hyper-politically correct about sex" simply because "people there just don't have that much sex."

“On the one hand, the tape was clearly offensive and inappropriate. At the same time, I worry there’s a part of Silicon Valley that is hyper-politically correct about sex. One of my friends has a theory that the rest of the country tolerates Silicon Valley because people there just don’t have that much sex. They’re not having that much fun.”

Some other key highlights from the interview, courtesy of BI.

On reconciling being gay with the perception that Trump's administration will pursue an anti-LGBT agenda:

“You know, maybe I should be worried but I’m not that worried about it. I don’t know. People know too many gay people. There are just all these ways I think stuff has just shifted. For speaking at the Republican convention, I got attacked way more by liberal gay people than by conservative Christian people.

On the concerns that Trump might provoke a war with his Twitter account:

“A Twitter war is not a real war."

On whether Russia is behind the hacks on the Democratic National Committee:

“There’s a strong circumstantial case that Russia did this thing. On the other hand, I was totally convinced that there were W.M.D.s in Iraq in 2002, 2003.”

On Twitter's role in the election:

“I think the crazy thing is, at a place like Twitter, they were all working for Trump this whole year even though they thought they were working for Sanders.”

On Hillary Clinton's weakness:

"“If you’re too optimistic, it sounds like you’re out of touch. The Republicans needed a far more pessimistic candidate. Somehow, what was unusual about Trump is, he was very pessimistic but it still had an energizing aspect to it.”

On whether or not he'll regret his role in Trump's election:

“I always have very low expectations, so I’m rarely disappointed,” he says.

Finally, he confirmed there will be no slot for him in the Trump administration:

 I want to stay involved in Silicon Valley and help Mr. Trump as I can without a full-time position.

Much more in the full interview (and appendix) which can be read at "Peter Thiel, Trump’s Tech Pal, Explains Himself"

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1980XLS's picture

I hope Trump remembers who was against him before he won.

CatsPaw's picture

Its politics, Dont expect anything honest or good coming out of it.

Vlad the Inhaler's picture

Trump is one vindictive mofo, don't worry.

MASTER OF UNIVERSE's picture

TrumpO the AssClown lest he forgets!!!!

 

Up yours, TrumpO.

 

<snifff>

<snort>

<sniiffff>

<snort>

<sniffff>

<snort>

<sniffffffff>

<sniffffffffff>

MOAR COCAINE PLEASE!!!!

Rich Stoehner's picture

Trump = Best real estate agent ever

gcjohns1971's picture

I didn't know Peter Thiel was gay.

But I wouldn't know unless someone shoved it under my nose.

What the man does in bed is none of my business.  

I think the Main Stream Media has a very strange...to the point of mental illness...fascination with "outing" what people are doing in bed, and with whom.

Think about it.   

Isn't it bizarre that people are so fascinated by peeping-tom revelations that there is a whole social process, with ritualistic lingo, attached?  "Outing"?  "Coming Out"?

Seems like an extension of 9-year-olds' body humor.

I mean, if you were a party to it, you would already know.  If not, why the fascination?  Is it crypto-orgasm-envy?  Serious weirdness there.

Resistance Is Hope's picture

There are very good reasons for so called bigotry against homosexuals. Homosexuality is anti social. We're in a financial war against a 1.3 billion strong, aggressive China, and the continuing anti-jihad against a 1.3 billion person fundamentalist Islamic ummah fighting with Jihad and reproductive warfare.

Anti reproductive sexuality is foolish beyond reason. It only reproduces STDs. The white West is basically depopulating so that the only way to fund welfare systems is through third world immigration, which still isn't working. Homosexuality, in league with feminism, are responsible for this civilizational suicide. That is why it is part of our business. Peter thiel, with very good genetics, is not reproducing and raising real children who would be tomorrow's venture capitalists or inventors or doctors. People like him are embodying social suicide in miniature form. But it is not okay. It is very wrong. I'm not even getting into religious or spiritual or aesthetic considerations...and I could...

Homosexuality is impractical and anti-social. Since it shirks social duty, harming others (society is a national collective of others) in the process, it can be said to be hateful, even treasonous. Homosexuality certainly is to the children Peter thiel has opted out of breeding.

After logical reasoning, verbal bigotry and harassment is the best way to fight homosexuality and discourage it. The other option is the concentration camp, genocide, or imprisonment. So bigotry is not so bad after all, and homosexuality is not so wonderful.

cayman's picture

For the collective good and its welfare systems, ‘Resistance is Hope’ makes excellent arguments for ending your individual freedoms to reproduce or not, or to catch a disease or not.  And hey, no one should mind bigotry, because it’s better than death, right?  I’m not gay, but I’m sure glad there is no such thing as a collective, or else 'Resistance is Hope' actually would matter.

"I think the Main Stream Media has a very strange...to the point of mental illness...fascination with "outing" what people are doing in bed, and with whom."

That's because MSM **is** CIA, and the fascination is the CIA's specialty -- to find the embarrassing private weakness of a target (sometimes an addiction, sometimes illegal) and then to feed it.  Then come the orders, which you will obey, because the price of noncompliance is too painful; they know you too well.  The CIA derives 100% of its power from the *opposite* of the right to privacy, so it should be easy to make the good-vs-evil distinction here.  CIA now controls the MSM, so the MSM is the outlet for “outing” you.  This trend has increased to the point that now a law has been passed making it legal for CIA to “operate” on US soil now.  Disgusting really.

bahaar's picture

Peter Thiel can reproduce by having his sperm fertilise some frozen egg and implant the embryo in a sugrrogate mother.  The reason he he's not reproducing is because he plans to live 1000 years (he's funding a lot of biotech companies).

south40_dreams's picture

Facebox twatter goggle boohoo fapple and pets.com

venturen's picture

maybe it is Trump stacked his whitehouse with corrupt guys from Wall Street?

wisebastard's picture

i give this so little value .......its sad......wtf....do the have emotional fortitude of a child....

wisebastard's picture

Im still trying to esacpe the USA......hopefully i wont be here to much longer

wisebastard's picture

i had all these noble ideas of contributing to chairty and helping humanity.....but after what the liberals did ....NOPE.........fuck that.....im gonna go to Thailand and take steroids and fuck prostitutes

Resistance Is Hope's picture

Don't give up. Cowardice will only be empty to the noble soul. Fight harder. The worse it gets, fight harder. We don't know what will happen. Isis could set off a nuke in Jew York city or the west coast could get the big one earthquake. In an instant, we would have the upper hand for a very long time.

Offthebeach's picture

Im Scott/Irish....run? Yeah, I run, at you! Fight? Oh, thank God! Lose? Beatings make me stronger!

( all not very useful in modern age, but I got ancient code lines in the CPU OS)

wisebastard's picture

i had all these noble ideas of contributing to chairty and helping humanity.....but after what the liberals did ....NOPE.........fuck that.....im gonna go to Thailand and take steroids and fuck prostitutes

wisebastard's picture

“There’s a strong circumstantial case that Russia did this thing. On the other hand, I was totally convinced that there were W.M.D.s in Iraq in 2002, 2003.”.............................yeah thats why the twin towers fell at free fall speeds.....

Tactical Joke's picture

Yeah, couldn't possibly be because of, you know, physics?

bh2's picture

The Meryl Streep Media are wetting themselves because, as the author of this article correctly points out: "I think the crazy thing is, at a place like Twitter, they were all working for Trump this whole year even though they thought they were working for Sanders."

Calculus99's picture

Don't be shy all youy Hilliary supporters.

Do the right and sane thing like many in Fag Valley have obvioulsy done, come over the the Great Man's side. It's a great place to be.

Not long now till the 20th Jan. I've got the beers in, Doritos bought, video setup, favourite chair waiting. The only question I have about that great day is how good will Melania be looking? I reckon an 11 on a scale of 10.

Dien Bien Poo's picture

fuck thiel. hedge funds have the loyalty of a knat so that love could as easily change to hate. Trump is a fraud. sell the shit out of this. 

alpha-protagonist's picture

Exactly! Hate, hate, hate and more hate, until who you hate makes you $$$. Follow the fucking money every time. Globalism has a significant dollar amount attached to it and that's why globalist backers want it. Take away the monetary incentive and they're "racist xenophobes" just like the rest of us. Fucking hypocrites...ALL of'em!

Fed-up with being Sick and Tired's picture

"Silicone Valley.." - - Did the guy get breast implants?

OCnStiggs's picture

The age of Apple is over because the innovation and quality that made Apple the pinnacle of technology is gone.

Their computer line is well past overhaul. The iMac is essentially three years old with only a monitor upgrade about 18 months ago. Many former lifelong Mac users have switched to Microsoft products and find them "very handy." When you have lost a chunk of your "artsy" core customers, how do you get them back? Same with upgrades to their laptops which took a "coons age" and weren't all that spectacular.

Tim Cook is no Steve Jobs. The company has coasted for the last few years and in the tech world nothing will deem you more irrelevant than putting out ho-hum products. I type this on a nine year-old iMac I dearly want to replace. I am not buying the current model with screen burn-in and system "freezes." This old machine represents the technological quality that Jobs demanded. The current iMac is built of inferior quality to these old products. How is that progress?

Steve must be rolling over in his grave to see what Apple has become.

WTFUD's picture

They're not as good because the Myanmarians used an inferior compound of Malaysian glue. Sniff Glue Man!

reader2010's picture

Apple used to be named "Apple Computer* and Jobs dropped" Computer". Why would anyone buy their computers when you know their major core business has been shifted away from making computers? If you really into using their applications,  you can always build your own machine using Hackintosh for much better performance and way less money.

pebblewriter's picture

“Somehow, I think Silicon Valley got even more spun up than Manhattan. There were hedge fund people I spoke to about a week after the election. They hadn’t supported Trump. But all of a sudden, they sort of changed their minds. The stock market went up, and they were like, ‘Yes, actually, I don’t understand why I was against him all year long.’”

Investors didn't suddenly change their minds about Trump. They were hoodwinked into believing that the sudden reversal in futures on election night had anything to do with Trump's election.  Eminis, which had plunged 125 points on news of his win, rebounded to a gain on the day because (1) VIX was hammered by nearly 40% (2) CL spiked by nearly 7%, and (3) USDJPY spiked nearly 5% -- all unprecedented moves in less than 24 hours.

Each one of these had the ability, on its own, to ignite bullish algos.  It happens all the time -- note yesterday's blatant CL and VIX manipulation.  Together, they were able to transform what would have been a scary market event into the "Trump Rally." 

Investors have bought into the idea that Trump will be good for markets -- piling in only after manipulation had turned stocks around just like it has for the past 8 years.  Maybe he will, and maybe he won't.  Time will tell.  But, the initial turnaround was driven by the same kind of manipulation that has driven stock prices for years. 

http://pebblewriter.com/manipulating-oil-for-fun-and-profit/

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