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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

How To Spot Fads

How To Spot Fads

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.

Dealing With Loss

Dealing With Loss

I received a text message earlier this morning informing me that my grandfather had passed away. He had recently been fighting pneumonia and his lungs kept filling with fluid. Over the Easter weekend, I was lucky enough to visit with him one last time at the nursing home.

Uber Vs Lyft: Which IPO Will Fare Better For Investors?

Uber Vs Lyft: Which IPO Will Fare Better For Investors?

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.

The Parallels Between Gardening and Investing

The Parallels Between Gardening and Investing

A society grows great when old men plant trees whose shade they know they shall never sit in. -Greek Proverb 

Gardening has quickly become one of my newest passions. It allows me to spend more time outdoors, away from screens and Twitter and the Internet. It allows time to reflect on the day and on life in general — a form of meditation if you will.

Ramp Review: The Ridge

Ramp Review: The Ridge

I’ve had the same wallet since 2008. It was made of simple black leather where you could fit multiple cards on both sides with a spring money clip in the middle. I purchased it at a Red Wing store near Chicago. I don’t know why I remember this so vividly but the guy at the register told me the wallet would last 10 years and sure enough it did. Recently, the leather completely gave way because I tried shoving too many cards in the slot. So I was off to find a new wallet, R.I.P.I.P. old friend.

Twitter Should Pay Us

Twitter Should Pay Us

If Twitter wanted to build their monthly average user (MAU) base they would look at ways to start paying their users. That’s right. Twitter would pay us, not the other way around. As you can see from the chart below, Twitter’s MAU growth has remained somewhat flat in the past 4 years. Maybe a little paid incentive could get prevent their user base from plateauing.