{"id":50650,"date":"2017-02-26T10:25:32","date_gmt":"2017-02-26T15:25:32","guid":{"rendered":"http:\/\/www.gayfriendschat.com\/socialblog\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\/"},"modified":"2017-02-26T10:25:32","modified_gmt":"2017-02-26T15:25:32","slug":"6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett","status":"publish","type":"post","link":"https:\/\/www.gayfriendschat.com\/socialblog\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\/","title":{"rendered":"6 things gay billionaire Peter Thiel could learn from straight billionaire Warren Buffett"},"content":{"rendered":"<p><b>6 things <a title=\"\" class=\"aalmanual\" target=\"_blank\"   href=\"https:\/\/chaturbate.com\/in\/?tour=R2Xc&#38;campaign=hl4zp&#38;track=gfcsb\">gay<\/a> billionaire Peter Thiel could learn from straight billionaire Warren Buffett<\/b><\/p>\n<div><a href=\"https:\/\/www.queerty.com\/?attachment_id=439457\" rel=\"attachment wp-att-439457\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/queerty-prodweb.s3.amazonaws.com\/2017\/02\/becoming-warren-buffett-1024-670x377.jpg\" alt=\"\" width=\"670\" height=\"377\" srcset=\"https:\/\/queerty-prodweb.s3.amazonaws.com\/2017\/02\/becoming-warren-buffett-1024-670x377.jpg 670w, https:\/\/queerty-prodweb.s3.amazonaws.com\/2017\/02\/becoming-warren-buffett-1024-400x225.jpg 400w, https:\/\/queerty-prodweb.s3.amazonaws.com\/2017\/02\/becoming-warren-buffett-1024.jpg 1024w\" sizes=\"auto, (max-width: 670px) 100vw, 670px\"><\/a><\/div>\n<div><\/div>\n<div>One of the strange effects of the through-the-looking-glass presidency of Donald Trump is just who passes for a national icon. There was, of course, the spectacle of Trump\u2019s inauguration, which was <a href=\"http:\/\/www.latimes.com\/opinion\/topoftheticket\/la-na-tt-inauguration-singers-20170117-story.html\">a parade of B-list entertainers and has-beens.\u00a0<\/a>Then there are the Cabinet appointees, many of whom would not be counted among the best and brightest even in the event of being sole survivors of a nuclear holocaust (not to give the president ideas).<\/div>\n<div><\/div>\n<div>And then there\u2019s our Peter Thiel.<\/div>\n<div><\/div>\n<div>Thiel has rushed in to fill the vacuum left by all the business leaders\u2013especially in Silicon Valley\u2013who want nothing to do with Trump. With <a href=\"https:\/\/www.queerty.com\/the-seven-all-time-strangest-remarks-from-paypal-billionaire-peter-thiel-20140918\">his weird ideas<\/a> and <a href=\"https:\/\/www.queerty.com\/peter-thiel-sold-soul-trump-got-embarrassing-hand-fondle-20170116\">dangerous beliefs<\/a>, Thiel would be not necessarily be the\u00a0best America has to offer despite his well-established business acumen and intelligence quotient.<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.queerty.com\/peter-thiel-believes-injecting-blood-young-will-help-live-forever-20160802\/peter-thiel-close-up\" rel=\"attachment wp-att-422701\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/queerty-prodweb.s3.amazonaws.com\/content\/docs\/\/2016\/08\/peter-thiel-close-up.png\" alt=\"\" width=\"478\" height=\"324\" srcset=\"https:\/\/queerty-prodweb.s3.amazonaws.com\/content\/docs\/\/2016\/08\/peter-thiel-close-up.png 478w, https:\/\/queerty-prodweb.s3.amazonaws.com\/content\/docs\/\/2016\/08\/peter-thiel-close-up-360x244.png 360w\" sizes=\"auto, (max-width: 478px) 100vw, 478px\"><\/a>The problem with Trump\u2019s presidency is that things that would have seemed well outside the realm of normal just a year ago are now commonplace. Before we get too much further into Trump\u2019s term, it\u2019s worth noting\u00a0just how bizarre the landscape is when Peter Thiel emerges as a giant. Just compare him to a true American icon, Warren Buffett, a billionaire many times over who like Mark Zuckerberg has joined Bill Gate\u2019s pledge to donate 90 percent of his personal fortune\u00a0in his lifetime.<\/div>\n<div><\/div>\n<div>Buffett is known as the Oracle of Omaha and is widely considered one of the most successful investors in the history of capitalism. He\u2019s considered such a natural treasure that in 2008 both <a href=\"http:\/\/www.queerty.com\/tag\/barack-obama\">Barack Obama<\/a> and John McCain <em>both<\/em> floated his name as a potential Secretary of the Treasury. He\u2019s the subject of a fascinating\u00a0new HBO documentary, <a href=\"http:\/\/www.hbo.com\/documentaries\/becoming-warren-buffett\"><em>Becoming Warren Buffett<\/em><\/a>. Listening to Buffett talk, it\u2019s clear something has changed from the time the heyday of his values. Concepts of sharing, civic duty and moral responsibility to the less fortunate dominate his conversation, values that rarely if ever come up among the new class of rich dominating the Trump cabinet and his inner circle.<\/div>\n<div><\/div>\n<div><strong>Just how different is this new class\u00a0from Buffett? Here are six ways to remind us just how far the rich have fallen.<\/strong><\/div>\n<div><strong>\u00a0<\/strong><\/div>\n<div><strong>1. Philanthropy<\/strong><\/div>\n<div><\/div>\n<div>Buffett has given billions to charity and promises to <a href=\"https:\/\/en.wikipedia.org\/wiki\/The_Giving_Pledge\">give another $66 billion away <\/a>during his lifetime and in his will, mostly to the Gates Foundation, to address global disease. By contrast, <a href=\"http:\/\/www.thielfoundation.org\/\">Thiel\u2019s foundation<\/a> is focused on his pet causes: sea steading, ending death and encouraging young people to drop out of college to join the start up world even before they learn about the world.<\/div>\n<div><\/div>\n<div><strong>2. Commitment to community<\/strong><\/div>\n<div><\/div>\n<div>Buffett casts a large shadow over Omaha, <a href=\"http:\/\/www.businessinsider.com\/warren-buffett-berkshire-omaha-2012-8\">which he loves. <\/a>He has long been the city\u2019s biggest booster and gives back to his hometown. Thiel is largely\u00a0MIA\u00a0in the Bay Area, and gets an earful from his more liberal counterparts whenever he does venture out.\u00a0In fact, Buffett does more for Thiel\u2019s hometown, <a href=\"http:\/\/sanfrancisco.cbslocal.com\/2016\/06\/10\/auction-lunch-warren-buffett-sf-glide-memorial-church\/\">auctioning off a lunch with himself<\/a> for the Glide Foundation, a San Francisco homeless charity. We don\u2019t really know much about the remarkable\u00a0tapestry of LGBTQ orgs, even in his hometown, because he rarely if ever mentions them.<\/div>\n<div><\/div>\n<div><strong>3. Willingness to pay his fair share<\/strong><\/div>\n<div><\/div>\n<div>Buffett complains that there is a class war underway and the rich are winning. Noting that he pays a lower tax rate than his employees, Buffett has said, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Warren_Buffett\">\u201cHow can this be fair?\u201d<\/a>\u00a0<a href=\"http:\/\/nymag.com\/daily\/intelligencer\/2016\/10\/peter-thiel-the-authoritarian-libertarian-for-trump.html\">As a libertarian, <\/a>Thiel is all about shrinking government to a fraction of its current size. Of course, that would mean some nice savings on Thiel\u2019s tax bill, which he complains amount<a href=\"https:\/\/www.cato-unbound.org\/2009\/04\/13\/peter-thiel\/education-libertarian\">\u00a0\u201cconfiscatory taxes.\u201d<\/a><\/div>\n<div><\/div>\n<div><strong>4. Patriotism<\/strong><\/div>\n<div><\/div>\n<div>During the darkest days of the 2008 financial crisis, Buffett stepped forward to invest in Goldman Sachs and General Electric, companies teetering on the brink. Buffett\u2019s investment <a href=\"http:\/\/www.nytimes.com\/2008\/10\/06\/business\/06buffett.html?partner=permalink&#038;exprod=permalink\">sent a strong signal to the market <\/a>that the U.S. economy would eventually emerge intact. Thiel is hedging his bets about this country with is dual citizenship in New Zealand. He declared on his citizenship application that <a href=\"http:\/\/money.cnn.com\/2017\/02\/01\/technology\/peter-thiel-new-zealand-citizenship\/\">\u201cno other country that aligns more with my view of the future than New Zealand.\u201d<\/a>\u00a0Right.<\/div>\n<div><\/div>\n<div><strong>5. Belief in democracy<\/strong><\/div>\n<div><\/div>\n<div>On Election Day, Buffett rented a trolley in Omaha and shuttled people to the polls to help increase voter turnout.\u00a0\u201cI\u2019m really hoping we get this big turnout, just\u00a0generally \u2014\u00a0forget\u00a0about which side they vote for,\u201d <a href=\"http:\/\/www.usatoday.com\/story\/news\/politics\/onpolitics\/2016\/11\/08\/warren-buffett-omaha-voters\/93505190\/\">Buffett said.\u00a0<\/a>Thiel, on the other hand,\u00a0<a href=\"https:\/\/www.cato-unbound.org\/2009\/04\/13\/peter-thiel\/education-libertarian\">has declared<\/a> \u201cI no longer believe that freedom and democracy are compatible.\u201d<\/div>\n<div><\/div>\n<div><strong>6.\u00a0Rewarding others<\/strong><\/div>\n<div><\/div>\n<div>Buffett would be the first to admit that he\u2019s made his share of mistakes. But on the whole, his track record is amazing. One thousand dollars invested with Buffett in 1964 would be worth about $12 million today, meaning he\u2019s helped not just himself the little\u00a0<a title=\"\" class=\"aalmanual\" target=\"_blank\"   href=\"https:\/\/chaturbate.com\/in\/?tour=R2Xc&#38;campaign=hl4zp&#38;track=gfcsb\">guy<\/a>, too. The ones who invest their retirement savings in his funds.\u00a0On the other hand, Thiel\u2019s success rests largely on his PayPal and Facebook investments, which he largely hasn\u2019t duplicated. In fact, at one point he managed t<a href=\"https:\/\/www.queerty.com\/billionaire-goproud-loving-gay-peter-thiel-is-losing-his-friends-billions-20110113\">o lose\u00a090 percent of his hedge funds assets<\/a> in just three years.<\/div>\n<div>\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/queerty2?a=9GBidhRfMTw:lElVewzfJb0:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/queerty2?d=yIl2AUoC8zA\" border=\"0\"><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/queerty2?a=9GBidhRfMTw:lElVewzfJb0:dnMXMwOfBR0\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/queerty2?d=dnMXMwOfBR0\" border=\"0\"><\/a>\n<\/div>\n<p>\n<a href=\"https:\/\/www.queerty.com\/6-things-gay-billionaire-peter-thiel-learn-straight-billionaire-warren-buffett-20170226?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+queerty2+%28Queerty%29\" class=\"autohyperlink\">www.queerty.com\/6-things-gay-billionaire-peter-thiel-learn-straight-billionaire-warren-buffett-20170226?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+queerty2+%28Queerty%29<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>6 things <a title=\"\" class=\"aalmanual\" target=\"_blank\"   href=\"https:\/\/chaturbate.com\/in\/?tour=R2Xc&#38;campaign=hl4zp&#38;track=gfcsb\">gay<\/a> billionaire Peter Thiel could learn from straight billionaire Warren Buffett One of the strange effects of the through-the-looking-glass presidency of Donald Trump is just who passes for a national icon. There was, of course, the spectacle of Trump\u2019s inauguration, which was a parade of B-list entertainers and has-beens.\u00a0Then there are the Cabinet &hellip; <a href=\"https:\/\/www.gayfriendschat.com\/socialblog\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">6 things gay billionaire Peter Thiel could learn from straight billionaire Warren Buffett<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2466,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-50650","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>6 things gay billionaire Peter Thiel could learn from straight billionaire Warren Buffett - GAYFRIENDSCHAT.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gayfriendschat.com\/socialblog\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 things gay billionaire Peter Thiel could learn from straight billionaire Warren Buffett - GAYFRIENDSCHAT.com\" \/>\n<meta property=\"og:description\" content=\"6 things gay billionaire Peter Thiel could learn from straight billionaire Warren Buffett One of the strange effects of the through-the-looking-glass presidency of Donald Trump is just who passes for a national icon. There was, of course, the spectacle of Trump\u2019s inauguration, which was a parade of B-list entertainers and has-beens.\u00a0Then there are the Cabinet &hellip; Continue reading 6 things gay billionaire Peter Thiel could learn from straight billionaire Warren Buffett &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gayfriendschat.com\/socialblog\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\/\" \/>\n<meta property=\"og:site_name\" content=\"GAYFRIENDSCHAT.com\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-26T15:25:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/queerty-prodweb.s3.amazonaws.com\/2017\/02\/becoming-warren-buffett-1024-670x377.jpg\" \/>\n<meta name=\"author\" content=\"GayFriendschat.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@gayfriendschat\" \/>\n<meta name=\"twitter:site\" content=\"@gayfriendschat\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GayFriendschat.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.gayfriendschat.com\\\/socialblog\\\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.gayfriendschat.com\\\/socialblog\\\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\\\/\"},\"author\":{\"name\":\"GayFriendschat.com\",\"@id\":\"https:\\\/\\\/www.gayfriendschat.com\\\/socialblog\\\/#\\\/schema\\\/person\\\/181913201d50f65b9bba7437f822a17f\"},\"headline\":\"6 things gay billionaire Peter Thiel could learn from straight billionaire Warren Buffett\",\"datePublished\":\"2017-02-26T15:25:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.gayfriendschat.com\\\/socialblog\\\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\\\/\"},\"wordCount\":883,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.gayfriendschat.com\\\/socialblog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.gayfriendschat.com\\\/socialblog\\\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/queerty-prodweb.s3.amazonaws.com\\\/2017\\\/02\\\/becoming-warren-buffett-1024-670x377.jpg\",\"articleSection\":[\"NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.gayfriendschat.com\\\/socialblog\\\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\\\/\",\"url\":\"https:\\\/\\\/www.gayfriendschat.com\\\/socialblog\\\/6-things-gay-billionaire-peter-thiel-could-learn-from-straight-billionaire-warren-buffett\\\/\",\"name\":\"6 things gay billionaire Peter Thiel could learn from straight billionaire Warren Buffett - 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