“You shouldn’t bet on the horse – you bet on the jockey. And Elon Musk is a visionary... I remember thinking ‘whatever this guy invests in, wherever he goes, I’m along for the ride.’” It wasn’t just Musk’s contrarian zaniness that endeared Matt... Tesla’s business model was different. It sold cars directly to the consumer. Plus, Tesla made the first successful fully electric mass-market vehicle... And it also looked sexy. “Yes, there were hurdles... But you have an exceptional leader who’s incredibly brilliant. And a superior product. I knew Tesla would succeed.” Matt recommended Tesla in 2014 – a swim- against-the-current contrarian call... And Tesla just reported $1 billion in quarterly earnings and is now one of the largest companies in the world. (Matt’s up around 1,854% on his Tesla position.) BE THEWOLF Matt’s enthusiasm for helping investors and his future with Stansberry feels contagious. At the end of our meeting, he leaves me with some words of advice... “To be successful in life, you can’t be on the bandwagon... You have to be the wolf, not the sheep.” Matt’s working on a new book and his new product with Stansberry... It seems the sky’s the limit for Matt when he puts his mind to something. Just don’t ever call him mediocre...
At the time, the stock was super cheap – maybe 20 cents a share – and he gobbled them up. The denim trend really took off, and True Religion exploded... with celebrities wearing and endorsing the jeans. Between 2007 and 2012, the company’s revenues nearly tripled, reaching $490 million in 2013. True Religion was sold for $850 million the following year. (Matt saw huge gains on his stock as it ran to more than $20 per share.) “That’s what’s so thrilling about investing – ideas and trends are everywhere, ripe for the picking. The key is finding them and buying in before it’s on the cover of Barron’s because, well, then you’re too late. And teaching people how to do this, that’s my passion. I live for this.”
MUSK AND EVS... EMBRACE WHAT’S COMING
Matt says that people often fear the future more than anything... But that’s actually what excites him the most. And he thinks the coming decade will be the greatest ever in financial history. Since Matt doesn’t want to be known as mediocre, it makes sense that he’s a self- proclaimed “fanboy” of one of the most unique entrepreneur superstars there is – Elon Musk. When Tesla first emerged, people were very skeptical... They thought Musk was an eccentric nut, and many argued this country didn’t need or want another big car company. But Matt drew on his sports gambling days...
American Consequences
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