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InvestED: The Rule #1 Investing Podcast

222- Short Selling Tesla

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 16 July 2019

⏱️ 43 minutes

🧾️ Download transcript

Summary

For show notes and more information, visit www.investedpodcast.com. This week, Phil and Danielle continue their discussion of Tesla. They jump into the definition of short selling a stock and why people are shorting Tesla right now. Phil explains what a short sell is and when someone might think about shorting a stock. Phil talks about why it’s very difficult to be a short seller because, not only do you have to be right about the stock, but you have to be right and get the timing perfectly. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Whether it's an under the radar genre or a proper out there podcast, sometimes it's better when you get weird, especially when it comes to switching up your soft drink, introducing new Dr Pepper Zero

0:12.6

with the same blend of 23 unique flavors,

0:15.4

it tastes just as weird as regular Dr Pepper,

0:18.9

but with zero sugar and zero calories.

0:21.7

It's a taste you can't quite put your finger on.

0:24.1

Weird. But in a surprisingly good way, try more weird with Dr Pepper Zero. Hey everybody this is

0:36.2

this is Phil Town and this is Danielle Town welcome to the invested

0:39.6

podcast we are talking about how to invest like the best investors in the world where we believe

0:47.1

Warren Buffett and Charlie Munger stand at the top of that particular you know large. And we think that by the way, pretty much

0:55.8

everybody who's a really great investor has figured out to do it very much like

0:59.3

Charlie and Warren, which is essentially buying something that you have a very solid conviction on that

1:10.3

you know that thing is going to be worth more in 10 years and you buy it at a really cheap price.

1:16.6

You buy it at a price far below today's value.

1:19.7

That's really investing and everything else is some form of speculation even

1:24.4

Daniel and I might disagree about this but I think even putting your money into the

1:28.5

stock market with the expectation that America will continue to be a dominant power and economic power in the world and will continue to grow and therefore your investment will grow if you just buy the whole U.S. market, which is what you guys are doing when you put your money into big

1:43.7

broad market mutual funds and exchange-traded funds. So if you don't know what

1:48.3

you're buying... Wait, what is that? That's investing or speculating? That's speculating. You know if you're just

1:56.2

ignorant about what it is and just hope it goes up that's speculating, right? So we're talking

2:01.7

about Tesla and people are buying that stock at $385 a share

2:07.1

just speculating that it'll go up the way people speculate that Bitcoin is going to

2:11.7

go up right? So people who

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