Hyperinflation, It's Happening (EP.228)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 27 October 2021

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's Animal Spirits we discuss worrying too much about the markets, Tesla's impressive performance, inequality in the stock market, trying to explain crypto to civilians, Jack the macro tourist, Dune 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.
0:05.5	The news this morning said that hurts is buying up to 100,000 Teslas for their fleet.
0:12.0	Did you see this?
0:13.0	The news said.
0:14.0	Yes.
0:15.0	Breaking news.
0:16.0	They're also going to be building out their charging infrastructure.
0:18.6	So I pulled up Tesla price chart on Y charts.
0:22.1	One of my favorite ones to look at is the drawdown chart from all time highs.
0:25.2	So this is over the past five years for Tesla stock price.
0:28.9	They have drawdowns of 30%, 50%, 60% and 35% and now are back to screaming at all time
0:35.7	highs.
0:36.7	And over that time, in that five years, the stock is up over 2100% in total.
0:41.3	So again, five pretty much crashes and back to all time highs at the same time.
0:46.9	Has there ever been a more hated and loved stock at the same time that has this type of profile?
0:52.2	No.
0:53.2	And for the people in the long end that I've stayed with it, I don't know where you get
0:56.4	the conviction, but gigantic kudos to you.
0:59.6	Yes.
1:00.6	Every time.
1:01.6	Not ironically.
1:02.6	Truly.
	...

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