Thread by @jpr007

REFERENCE BENCHMARK

Once we have a clear understanding of our Valuation Methodology, it is useful to make a couple of important observations

1. We have never seen a case before like Tesla where the broad direction of the future can be predicted with such confidence

It is quite remarkable and it is a consequence of three things

- one is that it comes from a fundamental disruption of a very large and important industry sector and consumer sector, the sort of thing that happens only once in a lifetime or once in 100 years for that sector

- the second is that this company is being led by a remarkable set of human talents and appears to be accumulating and building even more talent internally

- and the combination of that talent with its breadth and depth of real-time experience is going to be unmatched for a very long time

2. When you find a stock with such robust characteristics, it ought to become the reference benchmark for any other investment or storage place for your money capital

- and you should measure any other investment or use of your money capital against that benchmark

When you do that, it quickly becomes clear that you should not be holding your money capital in any fiat currency like USD, CAD, RMB, EUR, GBP or JPY

You should instead consider using TSLA shares as your "holding currency"

- and then invest in other stocks when they offer a better return with lower risk than that "holding currency"