The Long View With Stocks
It is easy to fall prey to the mindset of short term thinking when it comes to the market. Elon Musk commented on the fact that Tesla might be overpriced but will be worth more in 5 years.
In this video I discuss how the long term view of things which, although rare, can put things in perspective. Making money is often a marathon as opposed to a sprint.
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No doubt, you've shared some interesting thoughts in this video. Unfortunately, many have a myopic view about the market. It's why for my hodling is key when it comes to projects that have got the substance.
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Summary:
In this video, the speaker discusses Elon Musk's statement regarding Tesla's valuation and long-term growth potential. He emphasizes the importance of looking at companies from a long-term perspective and mentions various successful companies like Apple, Amazon, and Walmart as examples. The speaker highlights how these companies have evolved beyond their traditional industries by embracing technology and diversifying their businesses. The focus is on Tesla's future prospects beyond being just a car company, with potential acquisitions in battery technology. The speaker echoes Elon Musk's belief in Tesla's future growth and advises viewers to consider the long-term potential of investments.
Detailed Article:
The video begins with a discussion on Elon Musk's recent statement about Tesla's valuation, indicating that it might be overvalued currently but has significant potential in the long term. The speaker praises Musk's long-term thinking and encourages the audience to apply the same approach to other companies like Apple, Microsoft, Amazon, and Walmart. He points out that successful companies are those that can adapt to technological trends and evolve beyond their initial scope, citing examples like Walmart's involvement in AI and robotics.
The speaker underscores the importance of recognizing companies' long-term growth potential, emphasizing the need to stay informed about technological advancements. He warns against complacency and highlights the downfall of companies like Blockbuster and Sears due to their failure to adapt. The speaker praises companies like Amazon for their diversified business models, which go beyond traditional retail.
Transitioning back to Tesla, the speaker expresses agreement with Elon Musk's optimistic outlook on the company's future. He predicts Tesla's exponential growth in vehicle production and hints at potential acquisitions in the battery storage sector. The speaker stresses that Tesla is not merely a car company but a tech-oriented enterprise with a focus on innovative solutions beyond automotive manufacturing.
Furthermore, the speaker touches upon rumors about Tesla's possible investment in LG's battery division, showcasing Tesla's strategic efforts to secure its future supply chain. He encourages viewers to understand Tesla's current and future business models, anticipating a shift towards a more tech-centric approach rather than solely being a car manufacturer.
In conclusion, the speaker echoes Elon Musk's advice to consider long-term investments, not just short-term gains. He urges viewers to assess companies like Walmart, Amazon, and Apple over a five-year horizon, predicting significant growth for these entities due to their strategic operations. The video emphasizes the importance of long-term thinking and understanding companies' evolution in the ever-changing business landscape.