This is surely false.
Peter Thiel on Stanford Econ
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I am from an upper middle-income country, so getting a PhD in USA is worthy, especially considering i am in business school where job prospects are quite a bit better than in econ. I would almost certainly not be doing this if I was born in USA, even at HRM.
I'm from the US and in a business school. I can tell you that my motivation for getting a PhD is that I wanted to avoid a low level office job as much as podsible. I would rather work in low paying physical labor than a higher paying desk job or 80 hour a week finance/law profession. A slightly higher paying research oriented job seemed like a happy medium.
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I hat/e/ thiel. He's a sna/k/e. His Thiel fellowship thing never worked. Total nonsense. Turns out you actually do need to know stuff. His palantir business is a way to privatize the CIA. He's pro turnip because he wants to make money with palantir and push for a plan to outsource a lot of the CIA functions to private companies and Turnip is an anti-establishment candidate pushing conspiracy theor/ies and other cra.z.y stuff. Never trust Thiel. He's a sna/a/ke, a r/a/t, etc.
His little lapdog Weinstein pretends to be a bernie bro, but he isn't. He's a con/m/an who also tryiing to make people less trustworthy of CIA, FBI, media, etc. When people don't trust the institutions, there is a vacuum and guys like Thiel want to profit from it.https://en.wikipedia.org/wiki/Thiel_Fellowship
When you look at this list of Thiel fellows, looks like at least 3 are billionaires already (Vitalik, Oyo Rooms guy, Luminar guy.) For a fellowship that's been around for 10 years and has only 20 people per year that sounds pretty impressive to me.