The following excerpt is taken from Apple’s “Think Different” Campaign:
“Here’s to the crazy ones — the misfits, the rebels, the troublemakers, the round pegs in the square holes. The ones who see things differently — they’re not fond of rules. You can quote them, disagree with them, glorify or vilify them, but the only thing you can’t do is ignore them because they change things. …
If there’s anything I have learned in my investing journey, it’s been to ‘not bet’ against Elon Musk. Whenever the skeptics went ‘short’ on Tesla a vast majority of traders had lost money betting this “extraordinary billionaire visionary”.
In short Elon Musk can be compared to a ‘real-life Tony Stark’: “Genius, Billionaire, Playboy, Philanthropist”.
But Dr. Micheal Burry who is well known for his bets against big banks during the 2008 housing market crash has recently gone on Twitter to express his views about Tesla, and this clash of the titans has Wall Street in shackles.
According to a recent…
Throughout much of human history, physical money has evolved from tokens connected to goods at warehouses to precious metals to promissory notes and now into paper and plastic notes backed by central banks. In a nutshell, any “legal tender” backed by faith can be used as money.
Ray Dalio, the co-CIO and founder of the world’s largest hedge fund Bridgewater Associates recently tweeted his thoughts on bitcoin and as to why it may not be the “future of currency”.
Any “legal tender” that can be used to purchase or sell other goods is essentially what people can label as a…
Prior to its IPO, Uber was the highest-valued private company in the world. Its valuation toppled the likes of Airbnb, Lyft, and SpaceX combined. Every day around 15 million rides are taken across 500 cities in 78 countries.
Everywhere from Silicon Valley to the southern tips of Africa to the kangaroo corners down under, your ride shall only be a few taps away.
Uber is so successful because it’s so convenient. Anyone from its vast network of 2 million drivers shall be at your service in the blink of an eye. Open the app and choose a ride. Standard or…
“Zuckerberg: Yeah so if you ever need info about anyone at Harvard
Zuckerberg: Just ask.
Zuckerberg: I have over 4,000 emails, pictures, addresses, SNS
[Redacted Friend’s Name]: What? How’d you manage that one?
Zuckerberg: People just submitted it.
Zuckerberg: I don’t know why.
Zuckerberg: They “trust me”
Zuckerberg: Dumb f — — s”.
What started off as a university dorm room experiment is now ready for a coveted leap — turning into a self-proclaimed “fifth estate” revolutionizing the social…
The 2008 financial crisis seems like a farfetched event to many, yet industry experts and news reporters don’t quite seem to go slow on their skepticism regarding the recent U.S stock market rally.
One such individual who had amassed a massive fortune for his clients as well as himself is Scion Asset Management’s CEO, Dr. Micheal Burry.
In addition to businesses going bankrupt, an asset class that people believed was immune to “default risk” had speculators from all walks of life gamble away their life-savings; simply because a group of investment bankers had bet that the asset class would not…
Warren Buffett has been in the news a lot lately because of his unconventional investing decisions. Although Buffett himself has never been an advocate of market timing, he had ensured his shareholders, adequate risk protection during the past financial crashes.
His business partner, Charlie Munger, who according to Mr. Buffett is one of the smartest individuals he has ever known also made investments outside the US, in particular China, where the risks of corporate governance, shadow banking, and shadow companies have always persisted to be overshadowed by the likes of “fundamental” companies like Alibaba.
Mr. Buffett has always put “America…
Startups are the craze nowadays, with every aspirant trying to launch his/her idea into space only to discover that funding will impair their “dream rocket” from launching in the first place.
It's no easy feat.
Idea generation is the easy part. A couple of college graduates or high school dropouts can easily identify a market need and contemplate how to solve it. But even if they did manage to find a solution, building and testing a prototype takes a considerable amount of time and in most cases — money.
Despite that, many young candidates aspire to venture into entrepreneurship. But…
To the average investor, selecting a stock was once a task that daunted them for hours if not days. Analyzing the quality of the company, its asset base, industry position, product viability, and any factor that would deem the product to become obsolete are some qualitative factors one can think of prior to investing their hard-earned money into any particular company.
But the truth is that the multitude of factors that are available at any one point in time is highly susceptible to change: the term used on Wall Street for such cases is volatility.
The range of factors that…
The ‘Oracle of Omaha’ is famous for many reasons but acquiring a large chunk of an IPO isn’t one of those. Mr. Buffett has abided by his mentor, Benjamin Graham’s advice in business and in life for the longest possible time until he shifted his stance from “cigar butts”.
Graham believed that any stock should be acquired when it’s trading way below its intrinsic value, thus having the opportunity to obtain a handsome return all with the added cushion of “margin of safety”.
Over the years, Warren has shifted his stance in terms of what he defines as “intrinsic value”…