Tesla and SpaceX over the next few months:
• June 18: CRSP index inclusion for SpaceX. Triggers an estimated $4-7B in forced buying by passive funds.
• June 18: FTSE Russell index inclusion for SpaceX. Triggers an estimated $6-9B in forced buying by passive funds.
• June 26: MSCI index inclusion for SpaceX. Triggers an estimated $3-5B in forced buying by passive funds.
• End of June: HW3 Tesla owners get FSD V14 Light. Expect possible delays.
• July 2: Tesla Q2 vehicle and energy storage delivery report.
• July 6: NASDAQ 100 index inclusion for SpaceX. Triggers an estimated $8-12B in forced buying by passive funds.
• Late July: Tesla Q2 earnings call.
• Early-mid August: SpaceX Q2 earnings call, their first earnings call as a public company.
• 2 trading days after SpaceX's Q2 earnings released: 30% of eligible insider shares unlock (equates to 12% of all outstanding shares).
NOTE: Since only about 40% of all outstanding shares are eligible for early release lockups, that 30% above equates to 12% of all outstanding shares. Elon's shares, board member shares, and some others, are subject to an extended lockup of 366 days. Together, the shares subject to these extended lockup restrictions represent 60% of SpaceX's outstanding shares.
• August 21: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• September 10: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• September 25: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• September: Indexes rebalance. SpaceX will then have a higher weighting in those indexes due to an increase in the public float from insider shares being unlocked. Passive funds would likely need to purchase billions of dollars worth of additional shares to bring their holdings in line with the new index weight.
• October 2: Tesla Q3 vehicle and energy storage delivery report.
• October 12: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• October 26: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• Late October: Tesla Q3 earnings call.
• Early-mid November: SpaceX Q3 earnings call.
• 2 trading days after SpaceX's Q3 earnings released: 28% of eligible insider shares unlock (equates to 11.2% of all outstanding shares).
• December 9: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• December: Indexes rebalance again. SpaceX will then have an even higher weighting in those indexes due to an increase in the public float from insider shares being unlocked. Passive funds would likely need to purchase billions of dollars worth of additional shares to bring their holdings in line with the new index weight.
(The Cursor acquisition will likely affect these lockup percentages slightly)
Once you get older, some possibilities close off.
Ex: If you're just starting to learn chess at 40 years old, you will never become a grandmaster.
One of the nice things about being young is there are more possibilities in how the future might unfold. Not just because you're physically more capable, but because you simply have more time to develop any given future, and gain the expertise, making mistakes but still recovering, all with fewer additional responsibilities and commitments than you might have later.
But one problem with being young is you don't know who you are. Even when you do know, you might not admit it to yourself. For some “things you are not,” you're might be optimistic that you can change it. And you 𝘴𝘩𝘰𝘶𝘭𝘥 be because, again, you're young, you're more plastic, and you have more time. And maybe you 𝘤𝘢𝘯 change some of those things if you want to and you work at it. Maybe you're right!
As you get older, your experience in life hopefully means you now know who you are: You now know what you like and don't like, what you're good at and what you may never be good at. You might even be more amenable to accepting it, whether out of exhaustion-of-trying-otherwise or realization-that-it’s-uniquely-and-wonderfully-you.
The best strategies leverage your strengths. Your uniqueness comes not from being the best in the world at one thing (except for a very small sliver of humanity), but rather the intersection of your various strengths and styles, which together make you unique and special and powerful at certain things.
When you wield that and follow that, it means you'll do uniquely wonderful work. You'll be happy with it. And you'll, in fact, be more effective than maybe even your younger self could have been, who did not know realize this, and thus ran much faster and harder but in the wrong direction.
There's no absolutes, and it better for older people to maintain a growth-mindset; a static mindset is self-fulfilling. And there’s no rule that young people can’t be introspective and leverage their strengths instead of combatting their weaknesses.
But, as you get older, rather than regarding your capabilities as diminished and certain futures closing off, though that may be true, certain other futures open up in ways you could never see or accept before.
And that's what you must go and take advantage of.
Grok 3's DeepSearch and Think are UNREAL
They are the 2 most powerful AI tools ever made, yet there's a 99% chance you're using them wrong
If you learn to use them correctly, you legit have super powers
Here is everything you need to know about Grok 3's most amazing features:
A lesson Nassim Taleb learned from Ed Thorp:
Own your life.
Don't give up control for more money.
"Some additional wisdom I personally learned from Thorp:
Many successful speculators, after their first break in life, get involved in large-scale structures, with multiple offices, morning meetings, coffee, corporate intrigues, building more wealth while losing control of their lives.
Not Ed.
After the separation from his partners and the closing of his firm he did not start a new mega-fund.
He limited his involvement in managing other people’s money.
Such restraint requires some intuition, some self-knowledge.
It is vastly less stressful to be independent—and one is never independent when involved in a large structure with powerful clients.
It is hard enough to deal with the intricacies of probabilities, you need to avoid the vagaries of exposure to human moods.
True success is exiting some rat race to modulate one’s activities for peace of mind.
Thorp certainly learned a lesson.
*You can detect that the man is in control of his life.*
This explains why he looked younger the second time I saw him, in 2016, than he did the first time, in 2005.”
- - - -
And he still looks great.
He’s 85 in this picture: