NEVER BET AGAINST ELON MUSK. “If Elon Musk and SpaceX are betting on this right now, there is no reason to believe this will not come to existence.” “Never bet against an extremely well-capitalized Elon.”

Never short a great company that sells at an expensive valuation. $TSLA is a great company with best-in-class technology, leverages key secular megatrends that generate true first movers’ advantage, has a significant manufacturing cost advantage, and is run by a visionary leader who is a magnet for engineering talent. But TSLA trades at an extended valuation (220x forward earnings vs +35% long-term earnings growth), which gives investors reason to not own it, but not a reason to short it. There are plenty of bad companies that have weak products or competitive positions, can’t leverage key secular megatrends, have non-compelling brands, a high cost manufacturing structure, or management teams that can’t execute that I can short instead.

never ever let money get to your head and this isn’t only when you make all the money you want, it also is valid on the when youre not where you want to be yet your bank accounts don’t define you always stay humble (also confident) on the path to where you want to go