Clarium Capital – a lesson in leverage

I admit – Peter Thiel is hot. Red hot. PayPal, FaceBook, now Clarium Capital.

Bloomberg has a great story.

I met with them when i was investing in other hedge funds a few years back. I passed and that was wrong.

The leverage factor just scared me off. Still does. Always will.

Oh well.

The story is great, the ending is something I will follow. Maybe it is not in sight.

In my view of history – leverage NEVER ends well. We will see if he pulls off the leverage in time and if not, who is left holding the bag when it blows.