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.
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:
I got hit with a random drug test at work yesterday. The last time it happened was the day before my bachelor party—nice timing.
In my line of work it makes sense to drug test since people’s lives are potentially on the line if I make critical mistakes. What doesn’t make sense though is how the company’s drug policy aligns with reality. Let me explain.
A few times a year, our subdivision holds a neighborhood garage sale. We’ve never participated in the previous four years that we’ve been living in our house, but when I saw the signs go up in the middle of the week, I decided that it was time to gather up a bunch of my trinkets (junk) and see what I could get for them.
Here’s what I learned:
There comes a time in every new parent’s life when you start to break away from your friends who don’t have kids. Depending on the age you have your first kid, it can be a difficult process to break ties with your old friends. Imagine having a kid at 22 years old while your friends are going out to the club four nights a week. They’re not going to call you to go out because you have a kid now. And you’re not going to want to go out anyways because you’re already exhausted—from taking care of your kid.
