We have nearly $300 million of client assets at Fidelity and $500 million with Charles Schwab.
We asked them about getting $SPCX shares for our clients and they said demand is insane and each client will be lucky if they get one share and there is no special carveout for $TSLA shareholders as I warned.
I hope the people we talked to were uninformed so we will try again, but this is about what I expected.
Not that interested in $SPCX. I don’t know of any $2T market cap companies that trade at 300x EBiTDA. Given all the hype, likely to be way overpriced. Will be more interested after it falls by 50%.
I asked my lawyer once why he liked me as a client.
He said, “Because you pay your bills.”
Me: “But I pay late sometimes!”
He said, “Dude, 40% of my bills never get paid.”
Me: “Whoa.”
Lesson:
Don't pay your lawyers.
Best thing you can do to grow your business is to ACTUALLY care. It’s shocking how many are just all talk.
You have to believe whatever you offer is actually the best in your industry.
Make your product or service the best you possibly can. Continuous improvement always.
Become a follow up machine.
Send more gifts than anyone else.
Become someone other people want to work with.
As cliche as it sounds, do whatever it takes to win…
and always remember a NO means not yet.
The S&P 500 is up ~90% since Michael Burry tweeted “sell.”
This is a good reminder that the market is difficult to predict.
Focus on buying quality funds for the long term and tune out the noise.
Unfortunately karma is a bitch and that is why you’re not in this photo with 80 other people you used to call family.
This is what winning looks like.
My uncle gave you the life you have. Be grateful. Loser.