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"Don't tell me what you think, tell me what you have in your portfolio." Nassim Nicholas Taleb, Skin in the Game If you're convinced Tesla is vastly overpriced
by pdog 6y ago
"Don't tell me what you think, tell me what you have in your portfolio." Nassim Nicholas Taleb, Skin in the Game
If you're convinced Tesla is vastly overpriced, you should prove it by shorting the stock or buying put options.
Betting against Elon Musk has been a terrible move up until now, but if you really think the stock is overvalued, you're probably better off simply not owning it. If you're still concerned about its inclusion in the S&P 500, you can buy an S&P 500 index fund and short just enough Tesla stock to exclude it, or buy a different index fund that doesn't include it.
- cambalache 6y agoTaleb is an interesting character.50% of the time he is a petulant moron, 50% of the time he is a very perceptive observer and describer of human follies.
- aminozuur 6y agoTo short succesfully, you have to convince a large portion investors that the price is too high. In current market circumstances that's tough to do, even if you were fundamentally right.
- christophilus 6y agoHe is short, and he makes the case for why the stock can’t repeat it’s past performance. (The law of large numbers, plus some other factors.)