Peter Thiel, the co-founder of PayPal and who rarely gives public interviews, spoke with Michael Arrington at the TechCrunch50 conference today.
Topics ranged from politics to finance and technology. On the item of the stock market, Thiel is concerned that our economy keeps producing bubbles--technology, housing, foreign investing, etc.--yet he does not feel the current technology market is a bubble. Referring to the valuation of Google, Yahoo, Amazon, and other tech stocks, he said, "on a relative basis, they're among the cheapest companies in terms of stock."
But the 2000 bubble, he says, "set technology … Read more