Elon says he is selling Tesla stock to pay taxes, but he has sold far more than is necessary to pay off his taxes. The fact that the founder/CEO (who presumably has unparalleled access to insider information) is doing so should be a huge warning to anyone not blinded by the Tesla hype.
I don't think bitcoin is anything like gold. Gold is valuable as it taps into every human's innate desire to show off their wealth. 3 traits allow it to do so - it is eyecatching (sparkly and shiny), easy to wear (jewelry) and credible (if you wear it, you show ownership over it). Bitcoin has none of these traits - it only exists virtually (so you can't attract attention or show it off) and isn't credible (anyone can claim to own it, impossible to verify).
What an illogical, incoherent article, seemingly written by an author consumed with self-pity. That getting wealthy and achieving financial security has never been easy, both then and now. Not everyone who tries is guaranteed to succeed. The fact is that no one is remotely interested in intentionally keeping millennials down. If you are not able to offer skills and abilities that others would value, no one would pay you for anything. Instead of raging against an imaginary machine, perhaps the author's time would be better spent acquiring the skills employers would value and pay for. For instance, even if a small fortune was racked up in college debt, was there actually anything worthwhile learnt?
Always ask yourself what someone is trying to achieve when they make statements like this. The fact is that it's impossible for anyone to predict with any certainty where the market will head next. A healthy degree of skepticism is always good.
Ark's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark的凯西·伍德(Cathie Wood)表示,股市“离泡沫再远不过了”。原因如下。</blockquote>
The problem with Tesla is that with the shares being as expensive as they are, pretty much everything has to go perfectly moving forward. There is no room for any missteps as the expectation of future success has already been reflected in the share price.I feel that this is something most Tesla bulls misunderstand. No one is disputing that Tesla is (at least for now) the most prolific EV company, and is involved in many industry sectors with high potential growth. The question really is, is this expectation of future potential earnings really worth the eye-watering valuations that the market has assigned it?
It's a bubble. Isn't the first, definitely wouldn't be the last. Still, retail (and indeed, institutional) investors are not always rational and it may be a long time before it finally bursts. You don't want to be left holding the bag when that happens. "Invest" if you like, but don't put everything in it. And definitely don't trade on margins with this counter.
Tesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked at the Math.<blockquote>分析师表示,特斯拉股票被高估了1万亿美元。我们看了数学。</blockquote>
I can't decide whether the Tesla fanboys are delusional or naive - do they really think the musk would sell his own shares if he didn't think they were overvalued?
Fully agree. It's very naive to think that prices can only ever go up. Many new investors like to claim they have "diamond hands", without ever having experienced a true financial crisis. I truly wonder how many of them will continue with that when it really hits (anyone remembers how bad it was in 2008?)
I really wouldn't put Pfizer in the same group as Apple, Amazon, and the like. What makes those stocks really strong are the lack of scaling costs (meaning they can scale up easily), and strong network effects leading to high barriers of entry (no one can easily compete with them). Pfizer doesn't have any of these advantages, it's recent performance is largely driven by the covid pandemic - which is temporary by nature.