@elonmusk@GStrand45 Send home the criminals at least. I have nothing against people who behave properly. We have to cut dramatically state expenses and the debt our governments put on us. There is a serious problem with pedophilia that must be taken care of.
“Elon Musk is deeply respected by everyone who works in his Company, by anyone who owns a Tesla, People who own a Tesla love their Tesla, anyone who knows and cares about Space exploration, knows and cares about Elon Musk”
-Neil deGrasse Tyson
A lot of people think investing is some kind of shortcut. Like you just buy a stock, sit back, and magically someday get wealthy. But if you’ve actually lived through it, you know it’s simple and very difficult at the same time.
It’s simple bc once you truly understand a product and believe in where it’s going, time becomes your biggest advantage. And then it’s super hard bc every single year, sometimes every single week, you’re tested. Bloody days. FUD headlines. And people telling you you’re wrong or even an idiot.
In my opinion, the real battle in investing is with your emotions bc there is a lot of human emotions tied to $.
One of my favorite quotes from Warren Buffett says it best:
“The stock market is a device for transferring money from the impatient to the patient.”
What’s worked for me is pretty simple and continues to work for me. Deploy your $ early, plant the seed, buy with conviction, and hold for the long term, especially if you believe you’re in a generational company with a generational CEO. Remember, saving $ alone won’t change your life bc inflation will quietly eat up its value. It’s investing that is the way to true freedom.
However, you still have to stay very sharp and on top of everything. Listen to earnings calls. Pay attention to what the CEO and management are actually saying. Read the reports. Understand the product inside and out.
If you do that, short term price drops stop feeling scary bc you understand the overall direction the company is headed and can even take advantage of discounts from other people’s poor decisions.
Like for example, owning Tesla is not for the faint of heart. It’s super volatile, especially for its size. Losing $ millions in paper losses is not out of the ordinary for many that’s been in this company for a long time. It tests people’s patience. And it often shakes out people who don’t understand what they own.
But if you actually use the product, understand the technology, and see how fast it’s improving & the vision, your conviction grows. And when your conviction becomes strong, the fear begins to go away.
Buffett also said:
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.”
This mindset really helps me eliminate most bad decisions.
Investing is supposed to feel almost boring. You buy, hold, let time and the team’s progress do the work. And years later, you look back and realize the hardest part was just having the patience to stay and making sure your life is set up so you don’t ever need to sell.
Warren Buffett is one of the people I genuinely look up to in the investing world. I know he doesn’t have much time left on this Earth, but the lessons he’s shared with me will live on far beyond him.
Even though he’s never invested in Tesla, so much of how I invest comes directly from his philosophy. Those principles are a big reason I’ve been able to hold Tesla for over 10+ years. I realize not many can say that.
Many people think you have to be the smartest person in the room to be the best investor. But that’s not true. Buffett taught me that the real edge is being calm when others panic, and staying committed when it’s much easier to just quit.
That mindset changed everything for me. This is how real, lasting wealth is built. This is how I was able to retire at 31 yrs old (now 36), while all my peers at my age are still in the rat race and probably will be till 65 and more.