I’ve heard this guy’s pitch online a few times. He is apparently already rather well fixed. Has made a number of good calls in the past, and of course, he’s getting well paid for his advice. It occurred to me that doesn’t mean it’s bad advice.

I’m not sure what to make of his latest pitch, I haven’t subscribed to his thing, 49 bucks would give me a one year subscription, actually pretty reasonable.

I was curious, I found this, he he may have it right:

What “$4 Inflation Stock” Is Whitney Tilson Teasing?

Ginkgo Bioworks

The whole concept is interesting and worrisome at the same time. I’ve read up on it a fair amount, I’m thinking I might actually drop $1000 on it.

If I decide to go that route, I think I might spend the $49. I don’t want to be a cheapskate, and what if the guy made me a millionaire and I was too cheap to pay him his $49? Might be an odd sort of bad karma, and you know how much I hate that.

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Te futueo et caballum tuum

1986 300SDL, 362K
1984 300D, 138K

Let's face it; there is more than one way to accumulate a million. And, just for the record, a million nowadays doesn't buy anywhere near what a million did in 1960.

Anytime you invest you need to look at your over all financial picture. If you invest $1000 will it take food off your table?? If the answer is no, go for it. If the answer is yes, might be time to back off.

This idea was part of my father's investment strategy and he ultimately became worth around five million. That said, after retirement he ended up losing almost all of it due to some stupid business ideas.......

No way I’m going to take food off my table to buy some stock.

I am well aware of inflationary trends. I would much prefer $1 million then a sharp stick in the eye.

In ‘87 I worked briefly for a small construction firm in Seattle, they had found a market niche of rebuilding the top deck on three and four-story condos. They commonly rotted in Seattle weather.

We had a small shop in the basement, with tablesaw, etc. One of the boss’s foremen handled the job, the boss, a smart looking fellow not much older than me would usually come in briefly in the morning before going to another job. About three days in a row he exclaimed “my Microsoft stock is up again!”

The third time he said it I inwardly thought “yeah yeah yeah, STFU.”

Ten years later, a coworker told me that $1000 invested in Microsoft in the late 80s would be worth about $1 million. I was only sneeing at perhaps the hottest stock tip in history.

__________________
Te futueo et caballum tuum

1986 300SDL, 362K
1984 300D, 138K

Do your own due diligence. He’s a failed hedge fund manager (aka his picks didn’t make money so people stopped giving him their money to invest) turned stock picker.


Here’s what he said about Google when it was an ipo and returned about 4,500% since then

https://www.fool.com/investing/general/2004/07/30/the-tech-stock-opportunity.aspx

I have only personally known a handful of gazillionaires..... One thing I picked up on they all have in common is they are all risk takers. That said, they have learned the fine art of taking calculated, educated risks.

I've also known a few small time players who thought they were smart and ended up flushing what little money they had down the toilet. A lot of this was determined by their mind set; the big players learned how to play high stakes poker, the little guys, not so much.....

More lose than prevail. It is only logical and this is not discussed much. As you age you should become more risk adverse as you do not have the time to possibly recover.

I need to research it more, he claims that some big money has invested large in it, I forget who, but people like Amazon and I forget who else.

Some of Tilson’s picks back when have done pretty well if I’m not mistaken.

__________________
Te futueo et caballum tuum

1986 300SDL, 362K
1984 300D, 138K