TLDR
How to Be a Great Investor (While Also Being Despised)
Aug 27, 2024
Peter Thiel, a billionaire venture capitalist known for his provocative ideas and investments in companies like PayPal and Facebook, dives into the intersection of wealth and controversy. He reflects on how his unconventional views shape his investment strategies. The discussion also tackles Apple’s hefty 30% cut from app store purchases, impacting creators’ earnings, and delves into the murky waters of central banking and its independence. Humor and insights wrap around the serious implications of corporate power and creator challenges.
23:47
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Quick takeaways
- Peter Thiel's unconventional investment philosophy emphasizes calculated risks and embracing unpopular opinions, contributing to his notable success in venture capitalism.
- Apple's new policy imposing a 30% cut on subscription services severely impacts content creators' earnings, highlighting their struggle against dominating platforms.
Deep dives
Apple's Impact on Independent Creators
Apple's new policy will require users who subscribe to content via the Patreon app to use Apple's payment system, which takes a substantial 30% cut. This drastically reduces the earnings creators receive, leading to what many are calling the 'Apple tax.' For example, if a supporter donates $10 per month, only $7 would go to the creator after Apple's fees, undermining the financial stability of independent creators who often rely on platforms like Patreon for their income. Creators are finding ways to circumvent this fee by encouraging supporters to subscribe through the Patreon website, highlighting the ongoing struggle against Apple's dominant market position.
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