The Thiel Foundation is encouraging philanthropists to donate more money to scientific pursuits that could lead to big breakthroughs in medicine, artificial intelligence, and nanotechnology, among other fields.

Note that Peter Thiel draws a distinction between ‘extensive’ technologies, which “take things that are working and replicate them”, and ‘intensive’ technologies, which try to “take the things that are best in the world and make them qualitatively and dramatically better”.

They should rather put their money in a VC fund, and invest it in promising ventures, lead by visionaries.

Addendum: WSJ

UPDATE: See Peter Thiel’s “Audacious Optimism” event.

Warren Buffett on value investing:

Peter Schiff (November 9, 2009) on US dollar carry trade:

http://en.wikipedia.org/wiki/Peter_Schiff

He is running for US Senate:

http://schiffforsenate.com/

[Warren] Buffett has been the biggest shareholder in Moody’s — a collection of filthy whores and pederasts who were one of the main contributors to the economic collapse — should have raised serious questions as to his judgment in our minds. That he sat by silently as they did their worst, sodomizing the nations credit system for fun and profit was a powerful indictment of [Warren] Buffett as someone far different than his public persona. In retrospect, as Moody’s was helping to destroy America’s financial system, his merely spouting off aphorisms about about financial WMDs now looks too cute by half.