odysseus2000 wrote:Hi Howard,
I have to admire your Infantry like persistence in calling out everything wrong that you can find with Tesla cars while at the same time warming your self on the money made by the Generals at Ballie Gifford.
Maybe you need to think more like a General, abandon your rifle, climb out of your trench and survey the whole battlefield with the artillery and air support of the Generals to guide and instruct you on the import battlefield business of making money.
For a very long time you have had this dichotomy in your mind of everything being wrong with Tesla Motors while at the same moment seeing your Ballie Gifford equity appreciate like one of Mr. Musk's rockets.
Does this not cause trouble for your mind, lead to sleepless nights etc?
If I was in this position I would be in despair, realising I had been on the wrong side of the greatest secular trend of our time and yet not being as Ballie Gifford were making money out of Tesla.
Such extreme contradictions in one mind, although this sort of mind orthogonality of mind can be very useful for barristers, it is generally not that good for investors.
odysseus2000 wrote:Now re-bought most of the Tesla equity I sold earlier.
This market still looks like "the Fed is buying" buy which has been supported by rising equity prices.
This could go all wrong, but for now all central banks seem happy to print and spend with no worry about any inflationary consequences, arguing that deflation and or large unemployment would be a lot worse.
Hopefully some of this money will go from pockets into nice shiny and environmentally friendly Tesla motor cars to help everyone breathe better, but there is no guarantee of that.
I enjoyed your first post, Ody but reading about your recent activities I think you have our roles reversed.
You appear to be the infantryman in the trenches, riskily putting your head repeatedly above the parapet and then ducking. In and out of the market.
I’m back at the Chateau with the Generals drinking Champagne and (as we are talking about a Californian company) a glass or two of Opus One. We do occasionally look at the messages from the front line.
Are you using IG for your trading activities? If so, perhaps I should thank you as I invested in IG in 2005 (about the time I bought some Opus One). IG’s income from traders means that they are now paying me a dividend yield of around 100% per year on my original investment as it has paid back handsomely and I have top sliced a couple of times.
I’m sure it’s fun trading, but there are also benefits from investing in a diversified portfolio for a long-term investor. Far from the front with the Generals I can just about hear the noise from the battleground!