A listener wanted us to reflect on Tesla.
Tesla is one of a small group of companies that has reached a 1T market valuation. For the most part, I’ve gotten the sense that you have always viewed the stock as overvalued, and as recently as a couple of months ago, you chose Tesla among a list of companies that will not be in the top 10 a decade from now. Can you reflect on watching this stock go to 1T? Did you get anything wrong?
It’s true. I’ve been wrong on Tesla the whole way up.
I remember in 2017 when Tesla passed GM and Ford in market cap.
I remember when it became bigger than the two of them combined.
I remember when it passed the top 7 car makers in the world.
I remember when it became the largest company ever to enter the S&P 500.
I remember when it passed the combined value of all the car makers in the world.
I thought Tesla was wildly overvalued at $50 billion. It just added $600 billion in market cap in 30 days.
Even though I was clearly wrong on the price of Tesla, and as an investor that is literally all that matters, I never valued my opinion enough to put actual dollars on the line. Never shorted the stock. Never bought puts. Nothing. I just watched in disbelief. So what did I learn being wrong on Tesla? It’s simple. Never get involved in a battleground stock. If a company or the founder is in the news three times a week, probably best to just let other people fight it out.
Now let’s talk about a company that I did care enough about to buy and lost money on.
What do you call a stock that was down 58% and then fell 27% in a day?
هذه القصة مأخوذة من طبعة December 2021 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 2021 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Do You Know? Now Google Search Results Are Dictated By A Political Doctrine
Google has become the tip of the spear in the management of the public mind. Google search results are dictated by a political doctrine that you are supposed to hold. The algorithms overwhelmingly favor approved talking points, even if false, with a vast and hugely influential machine now serving one political interest and dictated by one agenda. Search is no longer reliably informative of what's actually out there. "I'll Google that," once meant to get a wide range of wants you to believe. Jeffrey A. Tucker says those wonderful days are long gone outlooks on a topic. Now it means mostly to find out what the opinion cartel my & Market
In the Backdrop of World War III
When Iran's Supreme Leader Khamenei thundered a day back, \"We will make the ZIONISTS regret this crime of attacking the Iranian consulate in Syria and other crimes like this, by God's power and strength,\" now the stage is almost set for the World War III.
BE AGGRESSIVE ON DEFENSIVE
In an uncertain and volatile market, FMCG sector with strong return ratios, higher dividend yield ensures long-term capital preservation.
RBI MPC Meeting Key Takeaways
Reserve Bank of India's Monetary Policy Committee has decided to keep the repo rate steady at 6.5 per cent for the seventh consecutive time. Governor Shaktikanta Das highlighted the committee's majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation.
India AI MISSION Well-positioned to Pave the Way for a Transformative Future
The government has allocated Rs 10,300 crore for the IndiaAl Mission over the next five years. By nurturing an environment conducive to innovation, promoting knowledge sharing, and empowering stakeholders, the IndiaAl Mission is well-positioned to pave the way for a transformative future where AI acts as a catalyst for progress and prosperity for everyone.
SOME ETERNAL SUTRAS FOR INVESTORS
Indian Economy & M What's the best way to survive a financial crisis with your wealth intact?
Gold: An Excellent Diversification
Gold is priced in dollars. Inflation means the dollar is worth less in terms of purchasing power. That means it takes more dollars to buy gold, so the dollar price of gold goes up. What you may lose in the rest of your portfolio in terms of dollar purchasing power is made up in part or all from the profits you make on the higher dollar price of gold. James Rickards says owning gold will protect you from the ravages of inflation. You’ll have your inflation protection in place 24/7 and won’t be caught off-guard.
Balaji Telefilms Ltd. Reports Robust Earnings for Q3FY24, To release "Love, Sex aur Dhokha 2"
Balaji Motion Pictures’, a division of Balaji Telefilms Ltd.’s highly anticipated Love, Sex aur Dhokha 2 has been in the headlines ever since its announcement.
PHARMA STOCK: AT PINK OF THEIR HEALTH
Pharma stocks are once again showing sign of strength as they have outperformed key equity indices.
Sarveshwar Foods Ltd. Board Approves Fund Raise of up to ₹99 Crores
Sarveshwar Foods Limited, a leader in the business of manufacturing, trading, processing, and marketing of branded and un-branded basmati and nonbasmati rice, has announced that the board approved a fund-raise of up to Rs. 98.94 Crores by the way of issue of Up to 10,20,00,000 Fully Convertible Warrants convertible into equal number of Equity Shares of face value of Re. 1/- each, to persons belonging to non-promoter group persons at an issue price Rs. 9.70 per warrant, subject to approval of shareholders and other regulatory authorities, as may be applicable.