StumbleUpon: Story of Macro Hedge Fund Manager Peter Thiel

A good story at Bloomberg Online on Peter Thiel, a former Stanford student who made a killing on PayPal and now heads his own macro hedge fund Clarium Capital Management LLC, with $2.1bn assets under its management.

He is smart and successful, but gambling on world (macro) economy as he does is very risky no matter how smart his analysts are. Plus, he "uses leverage to juice returns, typically borrowing $3-$8 for every dollar under management". If they are right, they will earn big money as he has done, but I wouldn't hand my money to him (or any hedge fund manager).