Been thinking about Tesla and SpaceX. A lot of long-time investors are tempted to sell some Tesla to buy into SpaceX after the IPO. But if a merger of equals eventually happens, selling now means paying big capital gains taxes immediately, while holders who stay put can do a tax-free swap. Might be smarter to just wait. In my view, Elon is locked into doing this merger — it’s his lifelong goal to capture all those synergies between the companies
There are roughly three kinds of people in the world:
1) those who focus on the past
2) those who focus on the present
3) those who focus on the future
Most people get stuck in (1) and live life largely as a bystander. They become life’s hall monitors as others wiz by them.
Some people are amazing at dealing with what’s in front of them (2) but are not able to think about what’s around the corner. They still do well and generally have a great life. They are wonderful people to hire after 0 to 1 and are optimistic contributors.
The last group of people (3) are extremely well rewarded for being right but the cost is high. They break the social norms, say the heterodox thing and generally are gruff and disagreeable to most others.
There is no right path, but if you don’t know which one you are, you are destined for a very unfulfilling existence because you will be unprepared to deal with other people and them living out their roles.
Think about it.
I believe in an America that maximizes individual freedom and merit.
That used to be the Democratic Party, but now the pendulum has swung to the Republican Party.