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.
Get lucky. End of story.
In reality, there is a ton of luck involved. I don’t appreciate when I get beat by my wife who makes her tournament picks based on her favorite team mascot or “their jerseys look cute”.
This year I’m going to focus on the historical performance and statistics like a true market technician would (assuming we have absolute faith in the ranking committee).
Every year there are four #1 seeds that look unstoppable until they all meet each other in the Final Four, then all bets are off. But, picking your Final Four to contain all of the #1 seeds has historically been a terrible bet.
The biggest news in the past couple of days has been the college admissions scandal. A slew of business executives and two high-profile actresses were among 50 people charged in a $25 million cheating scheme to help wealthy students to gain admission to top colleges. Why were these rich parents so obsessed with getting their kids into the top colleges?
I have some thoughts on this.
Q: Why do most people go to college? A: So you can get a good job when you graduate. There are multiple studies out there that show that college students earn much more than the typical high school graduate.
It’s been more than four months since we’ve had a stock hanging out in the four comma club, buying drinks for everyone.
Apple’s (AAPL) market cap crossed above $1T on August 2, 2018 and stayed above that level for three straight months before it went straight to the dumpster. Did you buy the dip? Or did you panic sell and think the world was going to end? December feels like such a long time ago.
Ghosted [‘gōst-təd] v. : When a person expresses love, interest, or affection for someone or something and the person they are speaking to only says “Ditto”, like Patrick Swayze in the movie Ghost.
Example: Ron told his girlfriend he loved her, only to be ghosted by her response of “Ditto”.
A couple of months ago, I decided to reach out to Chipotle to see if I could get one of the famed Black Cards.
Rocket Men: The Daring Odyssey Of Apollo 8 And The Astronauts Who Made Man’s First Journey To The Moon is a New York Times bestselling novel released last year by Robert Kurson.
It tells the story of the three astronauts (Jim Lovell, Frank Borman, Bill Anders) who made the first daring and courageous journey to the Moon and the challenges they faced along the way. It reads like a thriller.
