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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

There Is No Substitute For Hard Work

There Is No Substitute For Hard Work

I took a personal day yesterday to enjoy the perfect spring weather and spend some time doing some much needed yard work. Specifically, I had to grind out four stumps and a bunch of roots. I cut down four trees last year and the stumps have since been sitting there looking like an eye sore. Don’t worry tree-huggers, I planted a new magnolia in its spot and I have some blueberry bushes being delivered today from a local farm.

Reducing The Behavior Gap

Reducing The Behavior Gap

I’ve read a handful of books recently that have discussed the psychology of investing (Thinking In Bets, The Geometry of Wealth, The Behavioral Investor) and I’ve become more enlightened on the concept of the behavior gap. Typically, I’m more attracted to the technical books since I have more of an analytical mind. However, reading these books has turned me onto something new and I wish I would have paid more attention to the behavior gap in my earlier years of investing.

How To Win Your NCAA Tournament Bracket Pool

How To Win Your NCAA Tournament Bracket Pool

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.