Now Reading: Sam Altman reveals key investing advice from Peter Thiel
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Sam Altman reveals key investing advice from Peter Thiel
OpenAI CEO Sam Altman has shared the investing advice he learned from billionaire Peter Thiel and Y Combinator co-founder Paul Graham: the best opportunities are rarely the popular ones. Speaking on the…
The Story in Brief
OpenAI CEO Sam Altman has shared the investing advice he learned from billionaire Peter Thiel and Y Combinator co-founder Paul Graham: the best opportunities are rarely the popular ones. Speaking on the Invest Like the Best podcast, Altman said investors can do okay by following trends early, but spectacular gains come from pursuing ideas others avoid. Altman's portfolio includes stakes in nearly 400 companies, including early bets on Airbnb, Stripe and Reddit, as well as nuclear fusion firm Helion. He does not own equity in OpenAI and draws an annual salary of about $76,000, but his net worth exceeds $3.3 billion through investments.
The Indian Opinion
The old 'contrarian' chestnut gets a fresh coat of paint from Altman, but the real story is how few retail investors can copy his 400-company shotgun approach. For every Helion that pays off, dozens of bets vanish without a trace. The narrative that 'thinking for yourself' is the secret sauce ignores the capital and connections needed to swing that many times. A better test: how many of those 400 are profitable today?
Source: timesofindia.indiatimes.com
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