KFS Posted January 14, 2021 Share Posted January 14, 2021 ^ Well there is also the fact that it is unlikely very much fundamentally changed in 5 weeks. After years of calling this a go no short, I shorted too in December, around 630s and added the other day in 870s. For sure the last few days paint a chart picture that points to $1,000, but whatever. If you're playing the guessing game of where it trade tomorrow you should only be long as there's ample evidence from the past decade that this is where the easy money is. Burry is indisputably a brilliant investor. But hey, we can't all be bread winners. Agreed. If anything, the only changes I see are just more and more evidence of intense competition existing and/or entering the industry - on ALL fronts. I am short with an average about $700 now; will probably add a little more, gradually, if it goes higher. Link to comment Share on other sites More sharing options...
Liberty Posted January 14, 2021 Share Posted January 14, 2021 In other words....."He's a conservative" ::) Can't discuss his investment decisions because of his political ones? Nah, I've got plenty of conservative views myself. But when you go full QAnon/Trumpist, that's not the same, and not conservative at all. I mean, that's a totally sane person here: As Munger said, ideology turns brains to cabbage... Link to comment Share on other sites More sharing options...
Liberty Posted January 14, 2021 Share Posted January 14, 2021 Yup. The new definition of "liberty".... Sharing my opinion? Yeah, always has been in the definition. Link to comment Share on other sites More sharing options...
KFS Posted January 14, 2021 Share Posted January 14, 2021 Tesla’s touchscreen trouble: NHTSA asks for recall of Models S and X https://arstechnica.com/cars/2021/01/tesla-told-to-recall-158000-models-s-and-x-for-faulty-touchscreen-mcus/?comments=1 Link to comment Share on other sites More sharing options...
Gregmal Posted January 14, 2021 Share Posted January 14, 2021 This is laughable. If anything you could make the case that a lot of the same traits that let one connect the dots or go against the grain of public perception is what allows one to find tremendous investments. I mean I know everyone and their mother is a genius who shorted the housing bubble, just like everyone now claims to have bought the covid dip in March and April and done 50% last year....but at one point in time, you were considered a crazy conspiracy theorist for thinking the housing market was going to implode, just like Burry did, and we all know how that turned out. It boggles my mind how people can be so scared or shut off to simply hearing differing opinions or information. Link to comment Share on other sites More sharing options...
Spekulatius Posted January 14, 2021 Share Posted January 14, 2021 It's not nuts any more if it works. After the "Big short", we get the sequel "The Big short squeeze". Welcome to the year(s) of reflexivity - 2020 and 2021. Link to comment Share on other sites More sharing options...
Gregmal Posted January 14, 2021 Share Posted January 14, 2021 ^ Didnt Burry own a lot of GME? Or was that TLRD? I know he has a thing for the highly levered retailers with high short interest. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted January 14, 2021 Share Posted January 14, 2021 ^ Didnt Burry own a lot of GME? Or was that TLRD? I know he has a thing for the highly levered retailers with high short interest. I think he owned like 3-5% of the outstanding stock on the thesis the video game cycle would give them cash to effect a transformation with. Helped that short interest was so high, but I believe I saw somewhere that he's been reducing the position so no idea how much he still holds. Link to comment Share on other sites More sharing options...
Liberty Posted January 14, 2021 Share Posted January 14, 2021 This is laughable. If anything you could make the case that a lot of the same traits that let one connect the dots or go against the grain of public perception is what allows one to find tremendous investments. I mean I know everyone and their mother is a genius who shorted the housing bubble, just like everyone now claims to have bought the covid dip in March and April and done 50% last year....but at one point in time, you were considered a crazy conspiracy theorist for thinking the housing market was going to implode, just like Burry did, and we all know how that turned out. It boggles my mind how people can be so scared or shut off to simply hearing differing opinions or information. If you can't tell the difference between making a contrarian call against a market and believing in pedophile cannibals or whatever evidence-free conspiracy theories and supporting narcissist sociopaths that are anti-conservative-ideals in almost every way (politics shouldn't be defined by "sides", it should be defined by the ideas and values that you support, right?), maybe you need to think longer about it. There's plenty of wealthy investors out there, I'd rather try to learn from those that aren't otherwise nuts, because madness is never that compartmentalized and in the long-term it is rationality and detachement that is rewarded in the market, not fiery inflexible ideologues. For all I know, Burry was quite sane back in 2006-2007 and his brain rotted out later.. I don't know, don't really care to find out ¯\_(ツ)_/¯ Oh, and if you want an example of contrarian thinking, I think that speaking up negatively against one of the anointed "investing gods" with a strong brand created by a book and a movie qualifies. I guess you only like contrarians when they agree with you... Link to comment Share on other sites More sharing options...
Gregmal Posted January 14, 2021 Share Posted January 14, 2021 This is laughable. If anything you could make the case that a lot of the same traits that let one connect the dots or go against the grain of public perception is what allows one to find tremendous investments. I mean I know everyone and their mother is a genius who shorted the housing bubble, just like everyone now claims to have bought the covid dip in March and April and done 50% last year....but at one point in time, you were considered a crazy conspiracy theorist for thinking the housing market was going to implode, just like Burry did, and we all know how that turned out. It boggles my mind how people can be so scared or shut off to simply hearing differing opinions or information. If you can't tell the difference between making a contrarian call against a market and believing in pedophile cannibals or whatever evidence-free conspiracy theories and supporting narcissist sociopaths that are anti-conservative-ideals in almost every way (politics shouldn't be defined by "sides", it should be defined by the ideas and values that you support, right?), maybe you need to think longer about it. There's plenty of wealthy investors out there, I'd rather try to learn from those that aren't otherwise nuts, because madness is never that compartmentalized and in the long-term it is rationality and detachement that is rewarded in the market, not fiery inflexible ideologues. For all I know, Burry was quite sane back in 2006-2007 and his brain rotted out later.. I don't know, don't really care to find out ¯\_(ツ)_/¯ Oh, and if you want an example of contrarian thinking, I think that speaking up negatively against one of the anointed "investing gods" with a strong brand created by a book and a movie qualifies. I guess you only like contrarians when they agree with you... Not really. Thinking patterns and framework can be applied in one way and be brilliant and applied in another and be stupid. Everyone can and should be able to think for themselves. And be open to learning. Whether its learning information, or simply new applications of a system, whether such system works or doesnt, you can still learn; there's no harm in simply observing. As to the bold, theres few better examples of such than.......er, dudes who run around screaming "lalalala I CANT HEAR YOU", "MODERATOR HALP!", or "WHERE'S THE IGNORE BUTTON!".... Link to comment Share on other sites More sharing options...
Liberty Posted January 14, 2021 Share Posted January 14, 2021 Not really. Thinking patterns and framework can be applied in one way and be brilliant and applied in another and be stupid. Everyone can and should be able to think for themselves. And be open to learning. Whether its learning information, or simply new applications of a system, whether such system works or doesnt, you can still learn; there's no harm in simply observing. As to the bold, theres few better examples of such than.......er, dudes who run around screaming "lalalala I CANT HEAR YOU", "MODERATOR HALP!", or "WHERE'S THE IGNORE BUTTON!".... Strawmen. The usual for you. I learn from plenty of sources, thanks. Just pointing out that my pattern-matching is severely activated by Burry. People are free to do whatever they want. Link to comment Share on other sites More sharing options...
KFS Posted January 14, 2021 Share Posted January 14, 2021 https://www.wsj.com/articles/believe-in-tesla-then-why-arent-gm-ford-and-toyota-crashing-11610623762?mod=hp_lead_pos12 Link to comment Share on other sites More sharing options...
KFS Posted January 14, 2021 Share Posted January 14, 2021 Alibaba Launches Electric Sedan In Partnership With China's Largest Automaker https://finance.yahoo.com/news/alibaba-launches-electric-sedan-partnership-051316311.html Link to comment Share on other sites More sharing options...
randomep Posted January 14, 2021 Share Posted January 14, 2021 I am curious about Michael Burry, with whose money is he shorting Tesla and how much? anybody want to take a guess? I am really curious by how much is he in the hole...... He's completely nuts, so why care what he does? hmmmmmm...... cos they made a movie about him? Link to comment Share on other sites More sharing options...
randomep Posted January 15, 2021 Share Posted January 15, 2021 https://www.wsj.com/articles/believe-in-tesla-then-why-arent-gm-ford-and-toyota-crashing-11610623762?mod=hp_lead_pos12 Can you help us get through the paywall? Link to comment Share on other sites More sharing options...
Parsad Posted January 15, 2021 Share Posted January 15, 2021 This is laughable. If anything you could make the case that a lot of the same traits that let one connect the dots or go against the grain of public perception is what allows one to find tremendous investments. I mean I know everyone and their mother is a genius who shorted the housing bubble, just like everyone now claims to have bought the covid dip in March and April and done 50% last year....but at one point in time, you were considered a crazy conspiracy theorist for thinking the housing market was going to implode, just like Burry did, and we all know how that turned out. It boggles my mind how people can be so scared or shut off to simply hearing differing opinions or information. Ironically Greg, a number of us called the housing bubble...and we did buy at the bottom of March...but we've made other mistakes that cost us at different points of our career. Just like you call out Prem and Fairfax for doing poorly...they were in there at the same time Michael Burry was...they were called crazy too for a couple of years. But that doesn't mean those same people have to share the same views on other matters...even Buffett and Munger don't agree on many things. Which one is the crazy one and which one is the genius? Now, I would recommend that people go back to talking about Tesla instead of political matters. The fuse has shortened significantly about political posts being in the wrong section, because alot of people can't let go of it. Cheers! Link to comment Share on other sites More sharing options...
rkbabang Posted January 15, 2021 Share Posted January 15, 2021 https://www.wsj.com/articles/believe-in-tesla-then-why-arent-gm-ford-and-toyota-crashing-11610623762?mod=hp_lead_pos12 Can you help us get through the paywall? It's on archive.today: https://archive.vn/lgOES Link to comment Share on other sites More sharing options...
KFS Posted January 17, 2021 Share Posted January 17, 2021 Investor Beware - The Dangers of Tesla's Stock Nothing really new here, just a pretty good overview/summary of the situation. Link to comment Share on other sites More sharing options...
KFS Posted January 18, 2021 Share Posted January 18, 2021 I have no doubt that eventually we achieve full level-5 automation.. the question is -- how long until we get there? Is Tesla really that far ahead of its competitors? The longer it takes, the more time available for competitors to catch up, close the gap, or surpass. Experts say we're decades from fully autonomous cars. Here's why. https://www.businessinsider.com/self-driving-cars-fully-autonomous-vehicles-future-prediction-timeline-2019-8 Another entertaining read.... Elon Musk Promises You Can Pay For 'Full Self-Driving' Subscription In 2021 Even Though It Won't Really Exist Then https://jalopnik.com/elon-musk-promises-you-can-pay-for-full-self-driving-su-1845934969 Tesla Self-Driving Beta in Detroit. Recent example of the level of human intervention required. Rolling out driverless cars is ‘extraordinary grind’, says Waymo boss https://www.ft.com/content/6b1b11ea-b50b-4dd5-802d-475c9731e89a Link to comment Share on other sites More sharing options...
MattR Posted January 18, 2021 Share Posted January 18, 2021 I have no doubt that eventually we achieve full level-5 automation.. the question is -- how long until we get there? Is Tesla really that far ahead of its competitors? The longer it takes to get there, the more time available for competitors to catch up, close the gap, or even surpass. Experts say we're decades from fully autonomous cars. Here's why. https://www.businessinsider.com/self-driving-cars-fully-autonomous-vehicles-future-prediction-timeline-2019-8 Another entertaining read.... Elon Musk Promises You Can Pay For 'Full Self-Driving' Subscription In 2021 Even Though It Won't Really Exist Then https://jalopnik.com/elon-musk-promises-you-can-pay-for-full-self-driving-su-1845934969 Tesla Self-Driving Beta in Detroit. Recent example of the level of human intervention required. Rolling out driverless cars is ‘extraordinary grind’, says Waymo boss https://www.ft.com/content/6b1b11ea-b50b-4dd5-802d-475c9731e89a I also think it will be decades and much more than 20 years since insurance has to be worked out and ethics have to be written down. Ethics will definitly be debated. Will there be different models in different countries for different views? Link to comment Share on other sites More sharing options...
KFS Posted January 28, 2021 Share Posted January 28, 2021 https://www.wsj.com/articles/tesla-stock-is-the-original-gamestop-11611798484 Link to comment Share on other sites More sharing options...
Viking Posted January 28, 2021 Share Posted January 28, 2021 Another interesting thing about Tesla is the stock is staying (largely) at the nosebleed price. I would have expected after the spike to see some kind of material reversal. Not so far... Are we at the ‘permanently higher prices’ stage? :-) Link to comment Share on other sites More sharing options...
KFS Posted January 28, 2021 Share Posted January 28, 2021 Another interesting thing about Tesla is the stock is staying (largely) at the nosebleed price. I would have expected after the spike to see some kind of material reversal. Not so far... Are we at the ‘permanently higher prices’ stage? :-) It's true - Tesla bulls are definitely more stubborn and dedicated compared to a typical WSB stonk. Tesla is more like a cult with members who are always refining their collective cult-narratives and worshiping the almighty Elon. Conversely, WSB is more like a purely mindless ant colony - completely retarded on an individual level and almost zero knowledge of any stonk they buy, but collectively they still accomplish amazing things. ;D Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 28, 2021 Share Posted January 28, 2021 Another interesting thing about Tesla is the stock is staying (largely) at the nosebleed price. I would have expected after the spike to see some kind of material reversal. Not so far... Are we at the ‘permanently higher prices’ stage? :-) It's true - Tesla bulls are definitely more stubborn and dedicated compared to a typical WSB stonk. Tesla is more like a cult with members who are always refining their collective cult-narratives and worshiping the almighty Elon. Conversely, WSB is more like a purely mindless ant colony - completely retarded on an individual level and almost zero knowledge of any stonk they buy, but collectively they still accomplish amazing things. ;D Pretty mediocre quarter and not down much. TSLA Link to comment Share on other sites More sharing options...
KFS Posted January 28, 2021 Share Posted January 28, 2021 Another interesting thing about Tesla is the stock is staying (largely) at the nosebleed price. I would have expected after the spike to see some kind of material reversal. Not so far... Are we at the ‘permanently higher prices’ stage? :-) It's true - Tesla bulls are definitely more stubborn and dedicated compared to a typical WSB stonk. Tesla is more like a cult with members who are always refining their collective cult-narratives and worshiping the almighty Elon. Conversely, WSB is more like a purely mindless ant colony - completely retarded on an individual level and almost zero knowledge of any stonk they buy, but collectively they still accomplish amazing things. ;D Pretty mediocre quarter and not down much. TSLA Of course, and it will probably go up to at least $1200 now because its already completely disconnected from reality. Wait, is that a rocket emoji?? On COBF!? TO THE MOON!! ;D Link to comment Share on other sites More sharing options...
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