In 2013, in the process of writing The Last Safe Investment, I got a chance to interview Peter Thiel, co-founder of PayPal and first outside investor in Facebook, on the topic of investing in yourself.
Here are some topics we covered:
–> The value of investing in relationships for the long-haul
–> Investing in your health and longevity as a way to increase your lifetime earnings
–> Why longer life expectancies should change the way you think about investing
–> The shockingly low rate of personal savings and investment in the US
–> My favorite part of the interview: whether we can reasonably expect the US markets to keep going up at their long-term average 7% per year after inflation, or whether that was a unique period of US expansion which won’t be repeated again.
–> The over-financialization of personal investing
–> How subjective types of value that are hard to measure, like relationships, health, and well-being, are priced inefficiently because they’re hard to value, and therefore may be an area for exceptional investments.