Hi Luke, what are your thoughts on this now (5/8/22)? Even after some relatively big market downturns TSLS is still up nearly double from when you sold and recommended others to consider selling. Thanks for your thoughts. Best.
This article was very different than almost anything I've written for Endless Metrics - more freewheeling, fun, and a bit silly.
It turned out to be a very popular post because of how I wrote it but I didn't move to writing like this all the time for one simple reason: I always write with the intention of giving sound advice. Not to be popular.
While I can happily stand by this article even now and proudly say that it still offers sound advice and lessons to consider, it includes a bold and controversial stance. That stance was good for getting eyeballs and clicks but not conducive to crafting reasonable and broadly applicable investment writing.
Tesla has done well since it was written a year and a half ago. So, I'm happy to admit I was not right on this call in the sense that Tesla went immediately down and I called the exact perfect top. The upside to taking a bold stance on the future is that the future will almost always be different than what a forecaster expects and, with self-reflection on our misses, we can improve and get better.
I've learned a lot since I wrote this and can now better answer questions around companies like Tesla. As such, I probably wouldn't write an article like this again. But...if I hadn't written it, it wouldn't have gotten me to where I am today : )
According to the Author, TESLA stock will never go up, Seriously dude?? What a joke.. Seeing all these Institutional people/banks jumping on Bitcoin, it's still a bubble?? Under which rock are you living in?? People FOMO all the time, it's everywhere and in everything. With Musk on board TSLA WILL ALWAYS BE BACK..
Can you quote where the author said TSLA will never go up? 'May never end', is referring to a possibility, not a certainty.
The author is already justified in what he says with TSLA's 20% drop from its peak so far. The time to get into TSLA has already passed. People who are invested can decide if they want to take profits or not. But investing AFTER a parabolic move up has already happened, is being a pig. And pigs get slaughtered.
I thank you for this little piece. I just learned more to expand my thoughts/questions than the last month of reading for hours, trying to decide what to do. (I just started thinking about all of this about two months ago... I own nothing but a little silver and gold...).
Sounds like you missed it. Too bad.better luck next time. But then, you didn't have any balls before so you'll stick with the collapsing dollar and then whind again later.
I'm one of the clever ones, I've managed to lose money on Tesla this year, I so badly wanted to short it.
Hi Luke, what are your thoughts on this now (5/8/22)? Even after some relatively big market downturns TSLS is still up nearly double from when you sold and recommended others to consider selling. Thanks for your thoughts. Best.
Hi Jason,
This article was very different than almost anything I've written for Endless Metrics - more freewheeling, fun, and a bit silly.
It turned out to be a very popular post because of how I wrote it but I didn't move to writing like this all the time for one simple reason: I always write with the intention of giving sound advice. Not to be popular.
While I can happily stand by this article even now and proudly say that it still offers sound advice and lessons to consider, it includes a bold and controversial stance. That stance was good for getting eyeballs and clicks but not conducive to crafting reasonable and broadly applicable investment writing.
Tesla has done well since it was written a year and a half ago. So, I'm happy to admit I was not right on this call in the sense that Tesla went immediately down and I called the exact perfect top. The upside to taking a bold stance on the future is that the future will almost always be different than what a forecaster expects and, with self-reflection on our misses, we can improve and get better.
I've learned a lot since I wrote this and can now better answer questions around companies like Tesla. As such, I probably wouldn't write an article like this again. But...if I hadn't written it, it wouldn't have gotten me to where I am today : )
Hope those thoughts help!
-Luke
According to the Author, TESLA stock will never go up, Seriously dude?? What a joke.. Seeing all these Institutional people/banks jumping on Bitcoin, it's still a bubble?? Under which rock are you living in?? People FOMO all the time, it's everywhere and in everything. With Musk on board TSLA WILL ALWAYS BE BACK..
Can you quote where the author said TSLA will never go up? 'May never end', is referring to a possibility, not a certainty.
The author is already justified in what he says with TSLA's 20% drop from its peak so far. The time to get into TSLA has already passed. People who are invested can decide if they want to take profits or not. But investing AFTER a parabolic move up has already happened, is being a pig. And pigs get slaughtered.
I quote the author:
"I’m not saying it won’t go higher but the risk/return profile right now is so not in your favor. "
It would be better to read more thoroughly before commenting.
This was a stimulating article. I thoroughly enjoyed it. Thank you good sir.
Much appreciated!
I thank you for this little piece. I just learned more to expand my thoughts/questions than the last month of reading for hours, trying to decide what to do. (I just started thinking about all of this about two months ago... I own nothing but a little silver and gold...).
Thanks! I think you’ll find the next few articles particularly helpful for investment decision making as well
Sounds like you missed it. Too bad.better luck next time. But then, you didn't have any balls before so you'll stick with the collapsing dollar and then whind again later.
Well sure, that's certainly possible haha