ADVICE to myself: "I own the Porsche"

030321 Tesla closed at $603, quietly tumbling 33 percent from last month's high of $900. This drop is beyond the 20% level, which technically defines a bear market. Tesla’s high P/E Ratio and valuation, is driving away high-profile investors. Renowned Wall Street investor Michael Burry, who’s known for predicting the 2008 Financial Crisis, said he would rather bet on Volkswagen as the ultimate EV winner. In a now-deleted tweet, Burry revealed that he owns shares in Porsche SE, the largest shareholder of Volkswagen, which owns Porsche, the namesake automobile brand, and 10 other brands. “I don’t own a Porsche (automobile), but I own the Porsche that owns VW that owns Porsche,” he tweeted....View all