One of the most remarkable abilities of Elon Musk is to get things done. To accomplish seemingly impossible things. Like landing two orbital rocket boosters at the same time. What is the secret to Elon Musk’s productivity? How can he get so many things done? Here’s a look at the Elon Musk method: Be a…
Category: Wealth
Best Tesla News Sources
This is part of my Tesla series. To read all articles in this series click here. To me, Tesla is one of the most fascinating companies on the planet. They are at the forefront of the world’s transition to sustainable energy and autonomous mobility, a multi-trillion dollar market. Also, Tesla is not just one company….
Build Wealth, Buy Freedom — A Complete Guide to Personal Finance
I’m very happy to announce the launch of my course, which I have been working on for the past two months. It’s everything you need to know about money and investing in 2 hours. Click here to learn more (apply code “LAUNCH50” at checkout for $150 off, valid until Nov 22, 2020). Who is this…
People don’t buy products, they buy better versions of themselves
When Steve Jobs announced the iPod in 2001, he didn’t talk about the 5 GB hard drive. He talked about having 1,000 songs in your pocket. When you buy a product, you don’t buy it because of the raw materials. You buy it because of what it can do for you, and how it makes…
The Problems With Self-Publishing on Amazon
Books are wonderful and I love them. But the business model seems to be flawed, especially when you self-publish on Amazon. I’ve recently spoken with an author who self-published a book on Amazon. In the first 4 months he sold less than 100 copies and made less than $200. My own experience from earlier this…
Why I’m not a full-time money manager
Most Fund Managers Fail to Beat the Market There are tens of thousands of full-time money managers and stock market analysts in the world. Most of them consistently underperform a broad diversified index. (Research indicates that up to 89% of fund managers fail to beat the market.) That’s a lot of invested life energy, for,…
Why Invest at All? (If You Have a Good Job and Good Salary)
I feel that not enough people (especially here in Switzerland) have an investing mindset. A lot of people have high-paying jobs and are leading quite comfortable lives. Why should they bother investing? Cash is a bad store of value Every year, cash is losing purchasing power. It might not feel like much year by year,…
Tesla Valuation: High Level Thesis
A while ago I’ve written an essay about What People Don’t Understand About Tesla. This piece is a continuation of this exploration. To read all articles in my Tesla series click here. Tesla is currently valued at 10x Price-to-Sales, and Trailing Twelve Months Price-to-Earnings of 743. This makes Tesla grossly overvalued, right? In the short…
What I Learned About Sales (or “How to 4x Revenue in One Year”)
Backstory When building my influencer marketing startup Trigami, our idea was simple: we build a self-service marketplace, customers will come on their own, and we will be in the middle, collecting our fees. Simple. The reality turned out different. Our customers wanted someone to guide them, do as little work as possible, and reap the…
Takeaways From Warren Buffett’s 2020 Berkshire Hathaway Shareholders Meeting
As every year, I enjoyed watching the Berkshire Hathaway Shareholders Meeting. (Here are my live-tweets.) Here is what I learned this year: Remember that cash has option value Berkshire currently holds $125 billion in cash. They have not spend any of it this year. First, Buffett seems to be quite cautious and conservative at this…