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.
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.
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.
