RAMP blogs
Without a doubt, Tesla is the cult stock of the Millennial and Gen Z generations. The young adults view Elon as a god—the Nikola Tesla of our time. Meanwhile, the Gen X and Boomer generations don’t appear to have the same fervor as their children do. I’d speculate that the majority of them don’t know how to accurately value Tesla with traditional financial metrics. Reading through various analyst reports you could come to the conclusion that analysts are in the same boat.
I’d rather be a tourist in a big city than a permanent resident.
They’re expensive, crowded, have higher crime rates, more pollution, traffic, and typically smell like shit. Sounds enticing.
Today, about half of the world’s population lives in urban areas. There are 400 cities with more than a million people. Roughly 80 percent of Americans live in urban areas, according to the U.S. Census Bureau. What’s strange though, according to Gallup, is Americans don’t want to live in big cities. They want to live in rural areas.
As Bob was painting one of the happy little trees, he mentioned one of his famous mantras “We don’t make mistakes, just happy little accidents”. I couldn’t help but laugh at how simple his idea was. If only I could repeat that mantra every time I made an investing mistake, life would be much better.
The market has turned south so fast and so hard that it’s almost impossible to comprehend. On Thursday, we saw the worst single-day decline since the crash of 1987. Michael Batnick published a post that showed this is the fastest bear market in history. It took 19 days for the Dow Jones Industrial Average to drop 20%. I can’t even read a 300-page book in 19 days.
It’s in our DNA to feel fear when threatened—but, we have to first recognize it, then control it before it controls us. Once we lose control, it’s game over.
Regardless of the situation, add a little humor into your life to balance your emotions.
To laugh at our own misfortune, we must be willing to play the fool.
One of the most effective things I’ve learned throughout my career is how to answer a question when you don’t know the answer.
Simply, how to say: “I don’t know.”
We all have a responsibility to make sure the things we share are true. I understand there are not always absolute truths but we have to be careful with what we say. It’s way too easy to send out a tweet with no consequences. It takes milliseconds to tap a button and potentially destroy people’s lives without doing any due diligence.
In the last few weeks, I’ve been reading Hatching Twitter by Nick Bilton. Nick tells the story of the creation of Twitter, how it evolved over the early years, and the CEO power struggles along the way.
You can feel the political polarization in America. It’s so thick you’d need a chainsaw to cut through it. The amount of vitriol between party lines is palpable—not only through the general public—but, it’s even more pronounced through the politically engaged.
People don’t necessarily dislike Twitter because of the unhealthy conversations happening. They dislike Twitter because no one responds. The dopamine levels are dangerously low.
I’ve spent the past few months creating something new and I’m excited to finally share it with you today. It’s a social experiment where my portfolio is managed based on your votes. It’s called WeRamp. The most important part of this crowd-sourced portfolio is that I need your engagement for it to work properly.
The most annoying finance article in the world is the one that tells us how much money we could save by skipping out on the daily $4 Starbucks latte. However, there is a similar opportunity to save more money that you’ve never considered. Not everyone drinks coffee—especially Starbucks—but everyone poops.
Would you rather die with $0 or $1M in the bank? It’s a loaded question and the answers will differ greatly based on how you anticipate living your life. Are you a spender or a saver?
Kids are expensive. How expensive? Forget retiring any time soon—or maybe ever—if you’re considering raising multiple children.
As we collect and consume more things, our expectations and desires rise in tandem. The gain in happiness and pleasure is relative, not absolute. We’re always searching for more.
Social norms change drastically over time. Even just a cursory review of the previous 25, 50, or 100 years can give us a decent understanding of how societies have changed over time—for better or worse. Most of these changes have come in the face of accepted science, emerging technologies, and a deeper understanding of the world around us through the dawn of the Information Age.
We all want to be popular, and thanks to social media, it has turned us into a popularity comparison machine. But as a wise man once said: Comparison is a thief of joy.
Have you ever wondered why certain brands are so successful? It’s because they’ve mastered their specific mode of communication. I’ve recently put this to the test by analyzing the advantages and tactics of certain brands.
I originally posted this thread on Twitter but decided to alter it slightly for the blog. Also, I wanted to keep it in the archives in case Twitter ever gets shut down or bans me. It is a work of art that must be preserved.
Without further ado, I present WeOffice: The Rise and Fall of WeWork. Told through a series of GIFs from The Office.
Starring Michael Scott as Adam Neumann.
The big news yesterday was Charles Schwab and TD Ameritrade slashing the fees it charges for trades on stocks, funds, and options to zero. This news follows days after Interactive Brokers announced unlimited no-fee trades. Your move Fidelity.
Last week, Twitter launched a new feature in the US and Japan that will now allow a number of users to hide replies on their tweet threads. This feature had previously been deployed in Canada and Twitter has mentioned the feedback they’ve received so far has been pretty positive—or so they say.
Nearly my entire investing career has been focused on the public markets. I work for a private employee-owned company but I’ve never invested in any private companies outside of my own.
Recently, I started to become more interested in tech startups and private markets—mostly because of the hot IPO market in the last two years. I wanted to get involved early and see a different side of investing. I also wanted to diversify across different markets to generate alpha.
I recently bought a slightly used truck from a relative. First time truck owner. Let’s just say that my testosterone is currently in a bull market right now. Pro-tip: In some states, if you purchase a vehicle from a relative you don’t have pay sales tax—which can easily add up to $3-4k.
Successful people are different people. To do something better means it’s already been done before. To do something different means it’s something new—it’s singular.
While I do a lot of my own home renovation projects, one thing is constant—if you want something done right you must have the right tool for the job. I can’t tell you how many times I’ve tried to use a tool that wasn’t right for the job and ended up getting frustrated and spending more time and money fixing the problem.
Q: Can you tell us about the origins of Ramp Capital and your philosophy on the increasingly popular #FinTwit?
A: The origins of Ramp Capital go back to around 2013…
A year and a half ago, one of the greatest short calls of our generation was made by the biggest influencer in the world—not me. I’m speaking of Kylie Jenner of course.
On February 21st, 2018, Kylie Jenner tweeted out her disgust of Snapchat and their recent user interface change that made the product extremely hard to use—even for millennials.
How a 39-year-old made nearly $13M on Tesla and refuses to sell his position.