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Peter Thiel Explains Why Hedge Funds Changed Their Mind About Trump, Says “Age Of Apple Is Over”

Peter Thiel Explains Why Hedge Funds Changed Their Mind About Trump, Says “Age Of Apple Is Over”

zerohedge.com / by Tyler Durden / Jan 12, 2017 7:42 AM

Donald Trump’s sole Silicon Valley supporter, Peter Thiel, has been notoriously media shy (recall he personally funded the destruction of Gawker for “outing” him), so when the NYT’s Maureen Dowd posted an extensive interview with the Paypal cofounder and first Facebook investor, many were curious for insight into his thinking. In the interview, Thiel spoke candidly about how he views the world, just a week before Trump’s inauguration, and while he touched on many topics, some that stood out to us were the following.

On why rich people and hedge fund managers changed their opinion of Trump virtually overnight:

 “Somehow, I think Silicon Valley got even more spun up than Manhattan. There were hedge fund people I spoke to about a week after the election. They hadn’t supported Trump. But all of a sudden, they sort of changed their minds. The stock market went up, and they were like, ‘Yes, actually, I don’t understand why I was against him all year long.’”

It remains to be seen what “they” think of Trump once the market suffers its next correction.

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