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.
I got hit with a random drug test at work yesterday. The last time it happened was the day before my bachelor party—nice timing.
In my line of work it makes sense to drug test since people’s lives are potentially on the line if I make critical mistakes. What doesn’t make sense though is how the company’s drug policy aligns with reality. Let me explain.
A few times a year, our subdivision holds a neighborhood garage sale. We’ve never participated in the previous four years that we’ve been living in our house, but when I saw the signs go up in the middle of the week, I decided that it was time to gather up a bunch of my trinkets (junk) and see what I could get for them.
Here’s what I learned:
There comes a time in every new parent’s life when you start to break away from your friends who don’t have kids. Depending on the age you have your first kid, it can be a difficult process to break ties with your old friends. Imagine having a kid at 22 years old while your friends are going out to the club four nights a week. They’re not going to call you to go out because you have a kid now. And you’re not going to want to go out anyways because you’re already exhausted—from taking care of your kid.
With the final season of Game of Thrones wrapped up and the ridiculous online outrage that ensued, I thought it was timely to put together a list of my favorite TV shows of all time. I’m sure this list will be uncontroversial and everyone will fully agree with my choices. This list will stand the test of time—where they could be watched 50 years from now and still be relevant.
A big part of investing in individual companies or running an active portfolio is trying to spot macro trends in their infancy and subsequently riding the wave to riches. For instance, when the iPad was released in 2010, I distinctly remember Fast Money making fun of the name that Apple had chosen for it—saying it sounded like some sort of feminine product. Meanwhile, I was loading up on common and calls, thinking about how the iPad could revolutionize many industries (textbooks, traditional PCs, newspapers, e-readers, etc.). And so it did, although I never held as long as I would have liked to.
It’s been five weeks now since Lyft has gone public. In that time, Lyft has taken a 38.6% haircut from the peak reached on the very first day of trading — Fibonacci fans rejoice. With the Uber IPO on deck, investors are surely wondering if it will turn out like Lyft’s IPO or if it’s different this time. Or maybe the entire ride-sharing business model is in a bear market.
