Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
I just landed and missed an assignation attempt. Holy shit. What a bad ass reaction from Trump. The election is over. He's the next president. The Dems should give up. They can't beat him now.
Your proof is the headline above the headline.
If you have a book called “how to market a book” and it has 14 reviews.
No one is going to read it.
Not because the content is bad (they won’t even have read it.)
And not even because the headline is bad (it’s actually fine).
But because the context clearly disproves the authors claim.
It’s just like the 100 DMs a day I get of people telling me they can help me grow my social media following…who have less than 1000 followers.
They fail the most basic test of competence: “Why should I listen TK you?”
It’s why most people businesses don’t grow. It’s why most people content gains no traction.
Because they’re missing the big obvious:
They’re not that good at the thing they claim to be. Because if they were - they’d be speaking under a different context. And their stuff (even if the same) would hit.
Which brings me back to the worlds simplest advertising framework:
1) Do shit
2) Talk about what you did
(Not what you might do, or other people should do).
The secrets to being legit: Speak in facts and you remain above question.
Mental Model 7: Homerun or Singles
“Do not go for home runs”
&
“You’ll never go broke taking profits”
Both equally destructive statements that will make you go broke. The truth lies in the extremes.
__
Let me illustrate.
Trading is nothing else than evaluating the predictability of a setup and multiplying it by the risk reward profile.
This result is then multiplied by the amount of opportunities presented.
This is done via accumulated data as well as through intuition you build over time.
__
The balance between going for it or taking the quick win is hidden within the expectancy.
The trick:
1. Going for singles with higher frequency, lower risk reward and higher win rate trades/strategies.
2. Going for home runs with lower frequency, higher risk reward and lower win rate trades/strategies
__
Most will randomly adopt an approach based on their mood, it is important to understand the expectancy of a strategy.
A low risk reward strategy works because you go for home runs. A high win rate strategy works because you lock in repeatable and compounding profits.
__
Being able to master this curve is a very important part of the trading journey as it allows for consistent cash flow as well as big positive jumps in the equity curve.
I'm one of the few on CT who is still bearish FYI.
The S&P rally I think is drunk.
Why? Most gains we've seen in companies are inflationary gains WHILE keeping wages the same (this has been a BOON in tech).
I think q3/q4 earnings will greatly slow as they catch up AND commercial/credit/student loans come home.
People can't get money. Their credit is maxed. Mostly all big $$ is overexposed to commercial.
No one can get money to buy anything. Finally you can easily bail out and get a 5% risk free if the stock market turns boring.
If S&P turns around, Bitcoin and crypto will cool off.
I doubt back to lows, but a big dip from a peak I think we are heading too.
We'll see how it plays out.