![]() When asked to name their favorite books, Elon Musk and Peter Thiel each chose “Lord of the Rings“, the epic tale of a hobbit’s adventures to destroy a dangerous ring of power. Growing up, many originals find their first heroes in their most beloved novels where protagonists exercise their creativity in pursuit of unique accomplishments. In some cases, fictional characters can be even better role models. King was inspired by Gandhi as was Nelson Mandela. ![]() Human rights advocate Malala Yousafzai was moved by reading biographies of Meena, an activist for equality in Afghanistan, and of Martin Luther King, Jr. But we can locate role models in a more accessible place: the stories of great originals throughout history. ![]() So this is a tough market." (Musk was speaking about stock-market volatility.“Finding the right mentor is not always easy. " Warren Buffett has a saying: Imagine you're living in your house and some crazy, manic-depressive guy comes and stands outside your house and yells property prices at you, and it's a different price every day, but the house is still the same house. So that's why I recommend against margin loans in times that are turbulent."Ħ. We can't control these macro shocks or the the manic-depressive nature of the stock market. "I care a lot about the small shareholders, especially ones that have stuck with us through thick and thin. So the old adage of buy and hold is right."ĥ. But where things go along the way, the trials and tribulations and the mood of the markets, one cannot predict. "I really see a path to a 5x increase in the value of the company, maybe a 10x. ![]() In fact, if you look at the rise in credit-card debt, they're not breaking even every month. "For a lot of people, they're barely breaking even every month. ![]()
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