"Peter Thiel, a billionaire genius in the realm of startups, is not a good signal maker for...

|By:, SA News Editor

"Peter Thiel, a billionaire genius in the realm of startups, is not a good signal maker for other stock market investors. If he were a lighthouse, he'd have you breaching your hull on rocks," says Nicholas Carlson, discussing Thiel's unloading of most of his giant pre-IPO Facebook (FB -0.3%) stake. Carlson points to the dismal performance of Thiel's Clarium Capital hedge fund to back up his argument. His remarks come as Facebook spends another day below $20. (previous)