A video featuring a US polling guru Nate Silver and columnist Ezra Klein Discussion JD Vance As an American entrepreneur Peter Thiel‘s political bet, which could have the “worst payout” during a presidential campaign, has been circulating widely on social media. However, JD Vance, now newly elected US Vice President after Trump’s presidential election victory, has proved Nate Silver’s claim “wrong”.
Sharing the video on social media platform X, one user wrote: “Nate Silver and the NYT claim that JD Vance Peter was ThielThe worst political bet ever halfway through a campaign perfectly sums up how stupid the legacy media is.”
“Before now, you would have said that J.D. Vance was Peter Thiel’s political bet. It paid the best. Yes. And now it might be his political bet that pays the worst. If these guys are that good at betting, What do they lose in politics?” Ezra Klein asked Silver in the video.
“He (Peter Thiel) endorsed Trump at a time when it seemed like a big risk to take. It seemed like it might be the wrong bet, but no. I mean, these people are often pretty dumb about politics, and so, I think why they’re successful is because the long time horizon, number one, and these plus expected value, high-risk, high-up bets, and putting together a portfolio of those over and over again – these two. “Saving ideas effectively saves you the risk that it makes up for the fact that these guys often have terrible judgment and are kind of arrogant,” replied Nate Silver.
Vance, who was relatively new to national politics after being named Trump’s running mate, skillfully cultivated relationships with billionaires and Silicon Valley Titans, as reported by CBS News. His relationship with Thiel has been particularly influential in shaping his political career.
Thiel not only hired Vance at his global investment firm, Mithril Capital, in 2017, but also provided significant financial backing for Vance’s political journey, including a $15 million donation to Vance’s 2022 campaign. Ohio Senate Campaign. Thiel’s investment helped Vance win a hard-fought GOP primary and ultimately capture the Senate seat. The former PayPal CEO also played a key role in bringing Vance to his first meeting with Trump at Mar-a-Lago in February 2021.