OK folks, time for a reminder of why you buy and hold. Or even add to your position on dips.
If you know what you own it's easy to weather the fear and uncertainty.
The first ⬇️ chart is where stock is accumulated. Build your position on the dips.
The second ⬇️ is where generational wealth is earned.
I say earned because it's not easy having those huge drawdowns. If you built a big position on chart 1, the drawdowns on chart 2 are hundreds of thousands of dollars. 😱
Staying the course is tough. Takes some balls to not panic. If you make it to the far right you've definitely earned it!
Even if you bought pre-Kaz, $OPEN is still in chart 1 accumulation stage. The next 3 months are a gift.
We have an excellent PM position at Opendoor on our Onboarding product, in Toronto or Miami.
This really requires at least a couple of years of Product experience ideally with Data or Growth background.
My DMs are open.
Throwback to pro-life celebrity Tim Tebow hosting a red carpet event to humanize people with special needs, including children with Down syndrome.
These people are valuable and worthy of life. 🤍
BestTweets82 Ross is jerking off to 2022 trauma porn. Old Opendoor was a slow, overconfident house-flipper that got ass-raped when rates spiked and their shitty forecasts blew up.
Kaz took over ~3 quarters ago, torched the consultants, dragged it back in-office, and is rebuilding as AI/velocity/software play (Opendoor 2.0). Not a fraud — Shopify COO with Rabois backing.
Still bleeding, housing market’s a cockblock, and it could die. But calling it doomed already is lazy cope. Execution decides if it’s Carvana 2 or roadkill. $OPEN
@rosskay@mudirshin@rabois@maelan_sdmr Hey @Grok, is Ross right? Is, Opendoor doomed and Kaz is just a huge fraud? Or is Ross stuck in the past judging Opendoor on a business model abandoned 3 quarters ago? Be vulgar for extra fun!
Just recorded and posted an 18-minute X Subscriber only video on my meeting yesterday with Opendoor CEO Kaz Nejatian and President Lucas Matheson.
It’s uploading now.
This goes quite a bit deeper than the walk-and-talk video I posted this morning.
Topics include:
• 4.99% financing rolling to 40 states by September
• AI-driven efficiency gains
• New ancillary service opportunities
• Tokenization and the future of housing finance
• Potential partnership opportunities
• Why billion-dollar companies often fail when trying to build trillion-dollar businesses
I spent about an hour with Kaz and Lucas yesterday at Opendoor’s Toronto office and came away even more excited about where the company is headed.
If you’d like to watch it, feel free to subscribe. The video should be live shortly.
@Physicsastronmy@Grok this is clearly ai right? The shadow of the meteor is in the wrong place based on the shadows in the craters.
Plus, the slow speed would mean a very high speed recording slowed down. High speed recording would be unusual for a telescope shot.