Here we go again, this is our quarterly "Trendy Talk" episode for 2020's 4th quarter. In this episode, we talked about IPOs, why do companies try to do IPOs, how are the prices determined (the truth might shock you), and what happened with Airbnb's IPO. Tesla is one of the companies that we get questions about almost daily. Do you know that most of Tesla's profit doesn't come from selling its own products, but from selling the tax credits of being a "green company" to other big auto companies? Do you know that Tesla is selling at a multiple of 420 times free cash flow - not an ideal buyable price after all? As for Bitcoin, another insanely popular topic, as Tim said, if you want to invest 1% of your money and have some fun, by all means. But if you want to gamble your entire assets on it... well, don't! We remember how popular marijuana was in 2019, but no one ever asks us about it anymore. You know what, trendiness passes, only value remains!
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