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Animal Spirits Podcast

Great Quartr Guys (EP.230)

Animal Spirits Podcast

The Compound

Business News, Business, Investing, News

4.72.1K Ratings

🗓️ 10 November 2021

⏱️ 47 minutes

🧾️ Download transcript

Summary

On this week's show we discuss Elon Musk selling 10% of his Tesla shares, the pandemic trade is over, Zillow's blunder, Peloton's downfall, interest rates remaining low and much more.   Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's animal spirits is brought to you by our friends at Y-charts.

0:03.8

We're gonna get into this today, but Elon Musk, now Lord Edge, I guess, tweeted this past weekend,

0:09.9

much as made lately of unrealized gains being a means of tax avoidance.

0:13.0

So I proposed selling 10% of my Tesla stock.

0:15.2

Do you support this?

0:16.4

More than 3.5 million people voted.

0:18.8

The yes is one 58% to 42%.

0:21.3

Oh, interesting. You voted yes.

0:23.0

I voted no.

0:23.8

I want to see carnage.

0:25.2

So I looked this up on Y-charts.

0:26.4

I put in Tesla.

0:27.3

I tracked their 30-day average daily volume.

0:30.8

And one of the cool things on Y-charts you can do is add certain things that I always add in.

0:35.0

You can annotate the chart.

0:36.0

So you can add a min, a max, you can add a recession bars.

0:39.2

And I just added the average here with their 30-day average volume.

0:42.0

And so it's like 21 million on average.

0:44.9

And I think that average is probably a little skewed by the March 2020,

0:48.6

because this is over the past three years.

0:51.0

Regardless, I found there was a few different places that said how much Elon actually owns.

0:55.6

I saw one setting, he owns 170 million shares, one set 190,

...

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