Last week Elon Musk’s poll on Twitter (NYSE 🙂 to ask if he had to sell a million shares made headlines. The survey, supposedly was “binding ”. That is, it would do what the voters decided.
I am sure that each investor or follower of Tesla (NASDAQ 🙂 already has his opinion formed to justify, or not, this action and the reasons that led to take said action. I’m not going into that.
But for me, reading what had happened with Elon Musk, the following story came to mind, which I think may be useful to those of us who invest:
In the city of Warsaw a rabbi is meeting with his disciples. Suddenly A young man enters the room and addresses the teacher:
– Come, come quickly, I want to show you something incomprehensible.
The whole group leaves and the young man leads them to one of the beautiful squares of the city. There a tightrope walker is crossing the square many meters high. The disciple then he asks the teacher:
– You who know everything, how is it that a man makes a living by gambling? He could be a hairdresser, a shoemaker, a farmer … but why is he playing the game? life every day in the heights?
The teacher responds:
– I do not know. I just know that when you are doing your job you don’t look down on see if spectators throw coins in his hat.
We can extrapolate that to financial markets. When I am exercising my job, I put the news aside, since we know that it is a source of temporary volatility that makes the asset price move sharply in one direction, but what happened?the initial warm-up”The price returns to its origin in most cases.
We cannot be investing based on news hits, tweets, rumors, biased or partial data, etc. I’m not telling you, that at some point you can take advantage punctually of a situation of these, but from here to that your way of investing is always conditioned to these factors, it goes a whole world.
This time it was Elon Musk, but tomorrow it could be Goldman Sachs (NYSE 🙂 putting out a press release recommending to sell Tesla and the day after tomorrow, JP Morgan (NYSE 🙂 recommends buying it Who do we listen to?
Neither to one nor the other, but to our investment methodology or our trading system.
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El tuit de Elon Musk | Investing.com