The following article titled, "Early Facebook Investor Peter Thiel Unloads Stake" was published in the Wall Street Journal on August 20th. The better title to me would have been, How to Turn $500,000 into a Billion! The article goes on to say that Mr. Thiel had the good sense to invest $500,000 in Facebook in 2004 when the company was only worth $4.9 million. Your response could be that $500,000 is an awful lot of money to bet on something. That might be true for you or me, but one of Mr. Thiel’s earlier winning bets was founding PayPal in 1998 and later selling it to eBay for $1.5 Billion. Despite the beating Facebook’s stock has taken, I don’t think Mr. Zuckerberg is doing too bad either.
