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…
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.
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.
I have always been and will most likely always be a meat-eater. I’ve read way too many research papers and books from very smart people and seen the results myself on what a paleo or keto type diet can do for people to cure a host of different ailments. When I see people eating this fake meat crap, I die a little inside.
I don’t understand people who say they don’t want to retire. Especially those who have the means to and just don’t. If I had the choice I would have retired yesterday. Now, when I say retire, what I really mean is having the freedom to be able to do whatever I want, whenever I want, without worry of financial burden
I love coming up with new ideas.
I come up with them on a daily basis to train the idea muscle—I picked up this trick from James Altucher. Sometimes they just pop into my head and I write them down somewhere. When I practice meditation and mindfulness the ideas come spewing out until my brain is empty—this is a new concept for me.
Last week I passed 100,000 followers on Twitter. Kind of cool—I guess.
This number is about as meaningless as Dow 25,000. But, humans love round numbers and milestones so I asked my wife if we could get balloons—you know, like the famous Instagrammers do when they hit big follower counts.
She vetoed me. Be humble she said. Touché. I didn’t actually want balloons, I wanted a steak. Imagine being so narcissistic that you want balloons to celebrate yourself.
This is the title of the TV show. The entire premise of the show is to put teenagers and college kids inside of a 1995 Honda Civic and drop them off in the middle of a city they’ve never been to before. They will be given a MapQuest printout to see if they can follow the directions to the finish line before time expires.
The rules are simple: