Tesla, big as it has become, is essentially still a start-up that is burning through more cash that it can sustainability generate, even if they have decided to declare profits. You are using the wrong metrics to evaluate Tesla, e.g. if you wanted to value Amazon on a P/E ratio a few years ago it would have been infinite because they were not making profit.

For companies such as Tesla is all about optionality and growth, you can´t just throw a P/E to it.

TBH it is one of the few countries in which I have heard that you could get tested, have a positive and have the lab itself offering you to certify a negative for the equivalent to 10 USD extra. This type of mentality is going not only to bring a disaster for the country, but also generate new variants that may have a strong influence in world economy. India may be at risk of having any foreign travel banned if they continue to act as the "petri dish" for disease spread of the world.

As usual, the weaker and economy and a political systems, the more keen are they in banning anything that allows freedom and free flow of capital for their citizens. It should be considered an indication of democracy and economic freedom to allow citizens to own and trade any asset - other than drugs and the like - just as freely as cows or chickens. Obviously, when you run a shitty politic and financial system, you just have to kill any competing system such as crypto.

You can a great financial planning and still not being rich. I am more on the idea of equating richness with time and expectations. If you expect to stop working for money when you are 30 and then travel the world and buying all short of expensive things, not all planning in the world is going to help you. You would basically need to go to very risky experiments and bets and probably loose the little you got along the way.

It is said that it is hard to part with winners. Many people re-balance their portfolio from time to time and that usually means that you would need to sell those assets that have made you good profit versus those that have not. Is like weeding out the loosers as opposed to weeding out the loosers.

Anyway, the best way is to set a target price o several targets to reduce your position automatically or else you will always face hard decissions.

That is totally right, it is said that you should not invest or bet what you can´t afford to loose. In my case that is in the range of 10 to 20 USD a year but there are many people out there that really, believe or nbot, do not even know what to do with their dough. I am talking about guys that have enough wealth for 5 generations and don´t care for any bet lower than a million. BTW, it is good learning to loose a large sum... it makes you appreciate the value of money.

yeah, Granada is no match, so this game is just another easy pie for Barca. The thing is that you never know with football, Granada is quite desperate and that sometimes counts for something, so if I had to give a spread on this one, I think that 1/10 for a Granada win, 1/12 for a win by more than 1 goal, 1 in 10 for a tie and 8 in 10 for a Bacelona win.

I would not bet unless offered a 15 to 1 for a Granada win though.

Voy a poner aqui una traduccion (aproximada) de mi post en la sección de Economia pq creo q es interesante para la sección hispana:

He leído sobre las conversaciones en relacion con el Euro digital aquí  y lo q piensan las instituciones europeas por ahora.

La consulta ciudadana manifiesta que a los ciudadanos les preocupa:
- La privacidad -  el 43% de la gente esta preocupada por esto!
- La utilidad y seguridad de uso.
- La integracion en los sistemas existentes.
- La efficiencia económica y gratiudad de uso.

Aunque el BCE reconoce la necesidad de privacidad también dicen que:

Asique, si, el BCE reconoce que la privacidad es una preocupación y si, las instituciones no harán el euro digital de por si por lo cual cabe esperar q no va a parecerse al dinero en efectivo y que la puerta a una vigilancia intrusiva de las transacciones particulares está completamente abierta.

Una pregunta q también me planteo es como puede afectar la implementación del euro digital frenta a la posible del dolar digital o el yuan digital a los tipos de cambio de las divisas, esto es, si va a ser un factor adicional de apetencia por cierta divisa unido a los tradicionales de tipos de interés, inflación,  etc..

I have read about the digital euro talks here and I think it is worth sharing with the forum what is the current thinking or the European Institutions:

Citizen´s consultation yield concerns about:

- Privacy - 43% of people are worried about this!!
- Usefulness and safety
- Integration in the current systems
- Efficient and cost-less

While the ECB acknowledges the need for privacy, they also say:


So, yes, privacy is going to be a concern, yes the institutions will not make digital euro anonymous per-se so I my view we should expect it to be very unlike cash and yes it does open the door to making cash restricted for very small payments and thus having a massive control over people.

My self-question is, up to what point a successful launch of a digital Euro, versus a Digital Yuan and a Digital USD may increase the attractive of these currencies and thus could impact the exchange rate beyond the usual interest rates / inflation / import-export components of the demand for currencies.

I am not sure of the veracity of the information, even with a decent source, but anyway, I am just an average guy living in a western country. My earnings, bank movements, taxes and any economic activity that I dare to undertake is certainly registered, watched and taxed. Thus, I absolutely welcome any initiative that is going to apply the same rules to everyone and everything.

Crypto is not there to help with illegal transactions - even if there was some related adoption at first - the big bags are now wall street funds and large companies that usually have better means to avoid taxes. Thus my take is that crypto adoption will not be significantly changed by these measures.

You can argue that electronic money in general can be used to track the spend of the users and I would agree with you. Just think of initiative such as the digital euro and the digital dollar that could potentially be only held on named accounts and all movements registered.
However it is very clear that bitcoin is not the right tool for that purpose and that someone with the intention to track would have made a completely different chain or technology. Bitcoin is not anonymous and has never made the claim of being so, but that is a different thing. You can always use privacy coins if that is what you are intending to say.

Firstly, not your keys not your bitcoin. Having said that, no coin is not created out of thin air, they do need to have enough bitcoin in reserve to cover all the positions of their clients or else they would risk going bankrupt in the even of having a significant amount of withdrawals at the same time and that is something that may happen. I guess they could opt for taking some risk, just like real banks do, a create some bitcoin without having reserves, but I think that is a very risky move and that it could potentially be detected which would carry a loss of confidence and massive withdrawals at the worst possible moment.

gold in the sense of a reserve of value that has a daily trading volume that is pretty much irrelevant to the total volume of gold in existance, that is kept as a sign of strength, widely accepted for payments (not exactly, but anyway widely accepted a valuable), limited in supply (in fact bitcoin is more limited than gold), kept mostly by strong hands that are not selling at penies on dollar ever.

I think the comparison is quite clear and that bitcoin is establishing itself as an alternative asset that behaves like precious metals... perhaps you could argue that as a "rare mineral" due to voltility.

I think they are taking a quite naïve approach to bitcoin and crypto. We all know that it is not too difficult to speculate with bitcoin and that you can potentially play the pump and dump, however that approach is far from being the best in bitcoin history. Those who hodl have had a bumpy ride, yet they have profited greatly basically doing nothing except waiting.

I think that contrary to all intuition, the right way of doing things in bitcoin is to expect to profit without doing anything. Just buy some, live your life as usual and that is pretty much it.

The race here is Tesla against the traditional auto industry. It is clear that the tradicional makers are now swapping quickly to the EV, however they have the burden of their old assets and production means along with the intelectual property that was serving as a moat for them an is no longer useful for electric cars. This is all about how Tesla manages to use it advantages including exclusive dedication to EV, intelectual property and patents, etc... versus how fast are the traditional in switching , and how efficient at creating new defensive moats in the industry.

The COVID current situation in India shows that the risk of diseases and biological risks are by no means underestimated. Perhaps the risk should be considered on a country by country basis, but insofar as the number of people affected, we cannot deny that an uncontrolled disease with no cure and quick to expand and with potential to infect pretty much anyone has been proven to cause not only a substantial number of deaths in poor countries, but also a deterioration of the economy that will also kill people due to lack of attention, food, living conditions...

4 hours a day seems like quite a long time. Are you sure you are in control all four hours? I mean, I am sure there is people who can do it, but I personally would be keen on restricting my playing to one hour a day. I take it that it also depends on the game, since poker can be more active and you can keep playing longer with small bets, but betting on casinos and the like... 4 hours may be a small fortune I would say.

Good to know that you have mastered you emotions. I have not... yet... perhaps I will try 20 or 30 more years.

Sometimes I feel like the debate on many Arab or Muslim countries is the same debate that many wester nations had... 100 years ago. All that mixing of politics with morality and what is allowed and not is just making the middle east one of the most boring regions on Earth. I think that people would be less interested in waging war or confronting others if they had something else to do - e.g. legal casino betting - apart from working, praying and having delicious mint tea.

Even if Dubai does not legalize gambling, gambling will be there like alcohol was served in speakeasys in the USA during the dry law period. BTW, I seem to recall that there were bets on camel racing anyway??

Oh, again, nobody is going to ask you about your gender. Here you are just a user and gender becomes a thing only if you want to make a thing of it. I am not sure why are you posing this question, but anyway, ladies are welcome like anywhere else of course.

There is something to be said about the femenine angle in sports, business and other areas - most times females can see different things in the picture. In investing, it has been proven that companies that appeal to women are detected as winners earlier by female fund managers. I guess you could also detect and make better bets on sports that are more liked by ladies.

You just made me remember how I did actually bet when I was a  child. It was with collectible cards of La Liga, we put these on a stack, and the ones that went there were negotiated carefully by us, absolute experts of 9 year of age at most. The game was very simple, you stacked the cards and you had to hit the stack with your hand and try to make the cards turn upside down. You got those cards that you managed to turn.

I guess there is not such a thing as an age bracket after all.