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The Tesla Multimillionaire Who Refuses To Cash ...

How a 39-year-old made nearly $13M on Tesla and refuses to sell his position.

The Tesla Multimillionaire Who Refuses To Cash His Lottery Ticket
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Tesla Agnostic

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.

Tesla Agnostic
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The Death of Cities

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.

The Death of Cities
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No Mistakes, Just Happy Accidents

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.

No Mistakes, Just Happy Accidents
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Short-term Bearish, Long-term Bullish

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.

Short-term Bearish, Long-term Bullish

Football

10 Reasons Why The Fed Won't Raise Interest Rates

10 Reasons Why The Fed Won't Raise Interest Rates

1. China Hard Landing - The latest move from China devaluing their currency brings into question the strength of the global economy.

2. Football - With football season kicking off, there are a lot of Fantasy Football brackets to be filled out.  Ain't nobody got time for worrying about interest rates.

3. Off The Highs - The market has been range bound almost the entire year.  The S&P 500 recently had a couple of brief scares below 2100 but Janet is looking for 2150-2200 before a rate hike can even be put on the table.  The US equity market is in the 3rd longest bull market ever.  Janet will not settle for anything less than gold (which is also now worthless).