Peter Thiel Was an Early Outside Investor in Facebook and Co-Founded Both PayPal and Palantir Before Building a Hedge Fund Now Concentrated in Power and Energy Stocks. Here's What That Track Record Says About Following His Contrarian Bets.
Peter Thiel has scored some big wins as a tech investor and company founder, but that doesn't mean everything he touches will turn to gold.
Overview
Wall Street is always looking for the next guru. But market history is filled with investors who scored big once, or even a few times, and then faded from history because they didn't keep hitting home runs. That's important to keep in mind as you consider the big shift toward electric stocks in Peter Thiel's portfolio.
Peter Thiel is a famous investor thanks to his successful investments in the technology sector, including Facebook (now called Meta (NASDAQ: META)). He also helped found PayPal (NASDAQ: PYPL) and Palantir (NASDAQ: PLTR). There's a good reason to listen to Thiel when it comes to investing, particularly in the technology sector.
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Originally published at www.fool.com.