Latest / Earn Your Leisure / Cliff Notes: WILL TESLA'S STOCK CRASH?

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Cliff Notes: WILL TESLA'S STOCK CRASH? · Earn Your Leisure

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  Speaker 2: This is for those of you that have huge hearts.
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  Speaker 2: One of my biggest mistakes is giving too much. And
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  Speaker 2: the truth is like you can give your way into poverty.
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  Speaker 2: You can help others so much that your cup will
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  Speaker 2: be empty. And kudos to Matt. When I flew back
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  Speaker 2: to Atlanta, Lexander. As soon as I came in, it
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  Speaker 2: was like eleven thirty and Matt and his wife's at
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  Speaker 2: the bar, and one of the things she was saying
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  Speaker 2: was like, listen, you can keep pouring into other people
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  Speaker 2: but then not have anything left for yourself. You have
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  Speaker 2: to guard yourself and protect yourself. So for those of
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  Speaker 2: you with big hearts, and you can give, and that
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  Speaker 2: can be another version of spending. So you may not
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  Speaker 2: spend it on Louis bags or Gucci bags or diamonds,
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  Speaker 2: but you can give away so much that it ends
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  Speaker 2: up hurting your network. So for my givers, I need
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  Speaker 2: you to know this. You have to set a percentage
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  Speaker 2: of what you would give and stop there. If you
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  Speaker 2: have an exceptionally big heart, please put the percentage in
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  Speaker 2: chat that you're going to give away per year to
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  Speaker 2: help others, and don't exceed that because some of us
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  Speaker 2: may be, say and be very thrifty in certain areas, but.
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  Speaker 3: We can overgive.
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  Speaker 2: Helping others and then it's no different than giving all
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  Speaker 2: our money away to a company, So please be mindful
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  Speaker 2: of that. You know, I love Elon, but the Elon's
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  Speaker 2: turning to the crypto killer, So I saw this tweet
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  Speaker 2: and I thought it was pretty interesting, and it said
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  Speaker 2: Bitcoin isn't going to slap themselves next quarter when they
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  Speaker 2: find out Tessa's dumping all of their Bitcoin holdings, and
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  Speaker 2: Tesla said, indeed, listen, I love Elon. I don't know
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  Speaker 2: how he's able to get away with some of the
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  Speaker 2: things that well, cryptocurrencies are not regulated in the same
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  Speaker 2: way that securities are. So that's part of the reason
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  Speaker 2: why I told the stock club members earlier before we
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  Speaker 2: got on. He's in a very interesting situation with China
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  Speaker 2: where China is now trying to control him and Tesla,
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  Speaker 2: and he began dumping an asset that he was using
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  Speaker 2: to hedge to then get into another asset where he
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  Speaker 2: doesn't have much control.
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  Speaker 3: We've seen this with.
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  Speaker 2: Jack Ma and China is a very very dictatorial regime,
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  Speaker 2: as is the United States, but they are a little
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  Speaker 2: bit tougher than we are. So part of the reason
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  Speaker 2: why he is starting to dump Bitcoin is because some
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  Speaker 2: of the issues that he is facing in China and
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  Speaker 2: the sales of the cars, because you already promised that
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  Speaker 2: Tesla was going to have a significant impact, and now
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  Speaker 2: he's starting to realize that may not have been the
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  Speaker 2: best move there. Michael Burry of the Big Short, a
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  Speaker 2: book that I mentioned earlier, has eight hundred thousand Tesla
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  Speaker 2: put options in the first quarter worth five hundred and
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  Speaker 2: thirty four million. For those of you who do not know,
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  Speaker 2: Michael Burry is the person that called the housing crash.
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  Speaker 3: Embedded heavily on it.
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  Speaker 2: Homework for tonight, I need you to go look and
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  Speaker 2: see when he began placing these shorts on Tesla, and
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  Speaker 2: then correlate that on a chart to see what price
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  Speaker 2: he got in. If you do that, you can start
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  Speaker 2: to reverse engineer and see based off of percentage basis
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  Speaker 2: when he is looking to get into his position. A
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  Speaker 2: key lesson for everyone here. You have to listen to
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  Speaker 2: the contrariant opinions of the greats. So whenever this happens,
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  Speaker 2: people are gonna be like, no, Tess is going to
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  Speaker 2: go up. I'm not saying Tessa's not going to go
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  Speaker 2: back up, but remember a few months ago I told
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  Speaker 2: you they were going to start.
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  Speaker 3: To hit some issues.
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  Speaker 2: Once they hit those highs, and then if Kathy gets
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  Speaker 2: attacked what she has and then all the funds begin
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  Speaker 2: to dwindle down, her fun and squeeze her. The assets
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  Speaker 2: in her holdings are going to take a hit as well,
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  Speaker 2: and that's what we're starting to see here, and Michael
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  Speaker 2: Burry is taking advantage of that as well. A lot
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  Speaker 2: of you have been asking us, what's up ATTECHT Nothing,
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  Speaker 2: nothing's over at Tech. You're just not going to get
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  Speaker 2: an easy eighty percent or two hundred percent this year.
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  Speaker 2: We're going to be back to the normal twelve to
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  Speaker 2: eighteen percent, maybe twenty three percent in a great company.
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  Speaker 2: Write this down. Focus on companies with the lost lowest
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  Speaker 2: draw down. Focus on companies with the lowest draw down.
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  Speaker 2: Mike Novagratz came on here a few weeks ago and
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  Speaker 2: told us that minimization of risks is everything. And I
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  Speaker 2: know it's much more fun to get one hundred and
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  Speaker 2: ten percent gain to focus on a company that's only
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  Speaker 2: going to draw down eight percent for the year, But.
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  Speaker 2: this week my got Pete had asked me. He's like, hey,
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  Speaker 2: are you a believer in crypto? My stance is still
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  Speaker 2: the same. I want to be on the record, I
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  Speaker 2: still hate it, but I still am invested in The
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  Speaker 2: only crypto holding I am in right now isn't Big Earners.
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  Speaker 2: Cardino hit an off time high, and while other cryptos
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  Speaker 2: were getting torn apart, Cardono was doing incredibly well. So
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  Speaker 2: please be mindful of that. Now write this down. There
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  Speaker 2: is a cycle that you will see. So when negativity
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  Speaker 2: is spread, it's often to free up shares of the asset.
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  Speaker 2: So if I come to you and say, hey, man,
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  Speaker 2: don't invest in wing Stopper McDonald's because I don't know me.
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  Speaker 2: You know people don't. People are lending towards or leading
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  Speaker 2: towards eating healthy, don't invest in it. You will see
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  Speaker 2: the same thing in crypto real estate investing, and people
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  Speaker 2: are often doing that. And when there's a concerted effort
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  Speaker 2: all at one time, when everyone is blasting one asset,
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  Speaker 2: it's usually because other companies or institutions are trying to
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  Speaker 2: get the assets for themselves. This is like investment's version
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  Speaker 2: of dressingesture like they want to keep you away from
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  Speaker 2: certain things, and then take advantage of it, and then
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  Speaker 2: watch how in two or three months these assets will
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  Speaker 2: go back up, the same ones in which people are
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  Speaker 2: telling you not to invest in it.
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  Speaker 3: So be mindful twenty three. In twenty twenty three.
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  Speaker 2: Investing is going to be a little bit more difficult
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  Speaker 2: if interest rates go up. And here's a cycle that
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  Speaker 2: for those of us that are veteran investors, we're going
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  Speaker 2: to see again banks are now going to extend loans
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  Speaker 2: to customers with no credit. I'm going to tell you
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  Speaker 2: what's going to happen. They're going to chop up these
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  Speaker 2: assets and put them in trances again and sell them
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  Speaker 2: off to Wall Street. And when everything falls apart, guests
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  Speaker 2: who are going to blame the people who were under
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  Speaker 2: banked and had no credit, and they're going to blame
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  Speaker 2: them for the crash, while profiting on the upside of
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  Speaker 2: giving the loans and shortened the downside and being the
• 9:31
  Speaker 2: ones who tell the government what to do to get
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  Speaker 2: out oft of the bella. I've been told the twenty
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  Speaker 2: twenty seven is when we're going to have our next
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  Speaker 2: big crash. Twenty twenty three is going to be a
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  Speaker 2: small crash, and I said, squares the new JP Morgan.
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  Speaker 2: JP Morgan is behind this train or leading this train.
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  Speaker 2: But there's fifty three million people who do not have
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  Speaker 2: a credit score or they are under banked. They're looking
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  Speaker 2: at that as a huge market. But I want you
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  Speaker 2: to see the game inside of the game and understand
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  Speaker 2: what's going to happen.
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  Speaker 3: JP Morgan is leading the charge.
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  Speaker 2: I want you to go look at the next three
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  Speaker 2: or four big banks that are going to be involved
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  Speaker 2: in this. So when we have a crash in twenty
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  Speaker 2: twenty seven, you may be able to pick up those
• 10:12
  Speaker 2: assets for cheap. Now, when nineteen keys is on, we
• 10:17
  Speaker 2: talked about hololends and everything they have in the beginning,
• 10:20
  Speaker 2: and that showed you Microsoft Mesh. This really caught me
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  Speaker 2: by surprise. Microsoft has created the first digital DNA hard drive.
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  Speaker 2: Let me say it again, they have created the first
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  Speaker 2: digital DNA hard drive. We are getting into some fantasy land,
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  Speaker 2: scary ish, and they're going to use.
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  Speaker 3: It to store and retrieve data.
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  Speaker 2: So it stores information and synthetic DNA molecules that are
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  Speaker 2: created in the laboratory. So if they have a zore,
• 10:49
  Speaker 2: which is cloud based competitor to AWS, and then they
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  Speaker 2: start to store all the DNA put in chat. If
• 10:57
  Speaker 2: they can sequence the DNA to understand what can happen,
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  Speaker 2: what industries could they be involved in. We're getting involved
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  Speaker 2: into scary territory. But I think Microsoft's plan and I've
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  Speaker 2: been telling you guys for two years. Microsoft is going
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  Speaker 2: to be able to get into healthcare if Microsoft can
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  Speaker 2: crack the code for cancer and genetic sequencing. Because a
• 11:18
  Speaker 2: lot of the genome companies don't have any profit and
• 11:22
  Speaker 2: the revenue is not as strong as it should. This
• 11:24
  Speaker 2: could be their move into the next ten to fifteen years,
• 11:27
  Speaker 2: which gives them a lot more livelihood in life.
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  Speaker 3: It's a key lesson.
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  Speaker 2: The companies with the most capital and best technological advantage
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  Speaker 2: will control the future. So I like Neo right, Neo
• 11:41
  Speaker 2: is solid, not the best company, but they don't have
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  Speaker 2: an advantage of a Tesla. There's some tech companies that
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  Speaker 2: are like, they don't have more capital than Microsoft and Apple.
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  Speaker 2: This will be the next frontier. Healthcare is one of
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  Speaker 2: the most important spaces and you're going to see them
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  Speaker 2: make an aggressive push into their over the next few years.
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