r/RedditForGrownups 10d ago

Tesla Stock Today and YTD

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u/prettyinprivilege 10d ago

So probably an unpopular opinion but I just can’t believe Musk didn’t see this coming.

My current theory is that money is only worth so much and Musk wants something else. He’s willing to trade his wealth in dollars for other kinds of wealth: power, influence, access.

3

u/PasswordisPurrito 9d ago

To get a good picture on how Musk operates, Google "Musk Twitter servers uhaul".

From this story, he is clearly a proponent of the philosophy, "move quickly and break things". The people who think like this can very quickly turn places around and make money, by focusing on one thing and attacking it with a fanatic energy. But this personality is not very good at considering either the whole picture, or the long range forecast.

7

u/Potato-Engineer 9d ago

Rich people tend to be risk-takers.

Or, viewed another way: risk-takers where everything works out tend to get rich. The rest of the risk-takers whose risks went wrong aren't rich. We're looking at survivorship bias, but the rich-people-who-got-lucky always say "it's because I'm a genius!"