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My friend is long TSLA because he hopes it will pay for his Tesla.

• deleted 7y ago
  [deleted]
• xkjkls 7y ago
  That sounds pretty weird when you talk about it. Like I'm long Aetna because I hope it will pay for my colonoscopy.
  • appleiigs 7y ago
    It's not weird actually. Peter Lynch would walk around shopping malls and see what people were wearing and buying. The next thing HN downvoters are going to say is that a good business is not necessarily a good investment. However, it's investing in what you know - which is another Peter Lynch idea.
    • xkjkls 7y ago
      A number of investors, Peter Lynch and Warren Buffett, especially act as if their process is less sophisticated than it is. Sure, maybe Peter Lynch had a few ideas cued up by walking through shopping malls, but the guy could also read a balance sheet.