The line between complacency, confidence and arrogance is an opaque tight-rope we must tread carefully every day, for it is far too easy to misstep. Get caught in your head, lose sight of the cold seas lurking below. Before your primordial brain can process the folly, the wax has long melted, the wings tattered..
Such an err is common-place in the world of markets. This is an arena of titans where yesterdays hero becomes tomorrows Valeant victim.
Money is the ultimate manipulator. Rapid accumulation deludes us into blinding egotism. It is a cruel tragedy of life that every high has a low. To ride the wave of emotion, to lose yourself in the moment in a tide of ecstasy is to live! To survey from solid ground is to survive.
We need to talk about Tesla: The electric car & solar-panel manufacture headed by a maverick named Elon Musk. This man is a visionary with a legendary propensity of attraction. His followers abandon antiquated morals of valuation and status-quo. As a Scientologist Cult, masses of trendy bi-coastal elite sing the praises of revolution as they save the planet from the sickening clutches of fossil fuels by buzzing around in their $100k (coal-powered) electric cars.
Icarus Musk in his fervent love for space exploration has entrapped his followers in a SPACE-X Rocket headed straight for the sun!
On April 10, 2017: TSLA a company with no earnings and an accumulated deficit of $4B had amassed a market capitalization of $50.887B, surpassing General Motors to become the most valuable US car maker.
Such success is bound to infect anybody’s mind and Musk is no exception.
In between the time spent arrogantly mocking short-sellers
and smugly telling-off investors who would like to see fewer disciples of Elon’s Inner-Circle on the Board of Directors
Elon has found the time to start-up a new company called ‘Neuralink,’ an endeavor that aims to merge man-with-machine…