While I was at the gym this morning, I glanced up at the TV playing CNBC and saw the headline: “Morgan Stanley says worst case Tesla goes to $10”.
My first thought was: “Wouldn’t $0 be the worst case?” and my second thought was “Didn’t they say YESTERDAY it could go to $4,000?”
I guess my point is don’t read into the sensationalism on CNBC too much. It’s purely for entertainment, not action.
Here’s what I’ve been reading this morning:
‘Stop the Financial Pornography’ – Nick Maggiulli – Of Dollars and Data
- Too many headlines/articles make financial exceptions seem more common than they are, and Nick has finally had enough!
‘The Best Kind of Learning’ – Michael Batnick – The Irrelevant Investor
- When you choose to read books on your own versus being told to read them by someone else, the effects the book can have are more significant.
‘Love and Money’ – Daniel Crosby – Blinker Capital Blog
- The biggest source of worry for married couples is money, but many don’t openly discuss it. Daniel offers a few solutions in his latest post.
‘Sunk Costs, Todd Frazier, and Moving On’ – Mullooly Asset Podcast
- Last week’s podcast had Brendan and Tom discussing the concept of sunk costs with investments, and related to the struggling Mets third baseman.