At the Milken conference, Peter Thiel, Dan Arbess and Ben Funnell discussed investing in a historical context.
Peter Thiel, founder of $138 million macro hedge fund firm Clarium Capital Management, said one of his worries is a misguided investor focus on immediate returns and liquidity.
"Long time horizon investments are incredibly out of fashion. Anything that takes more than a decade to build is not getting invested in. Event more than two years," said Thiel,