The Future Fund LLC Managing Partner Gary Black on Sunday urged investors to do their own research instead of relying on comments from company management before making investment decisions.
What Happened: The Achilles heel of many smart investors is they accept what company managements tell them rather than do their own independent research. Black said in a post on X, particularly referring to Tesla Inc. (NASDAQ:TSLA) investors. "As a former Fortune 1000 CEO and public company board member, I can say with some authority that CEOs are paid to be optimistic, which many investors misinterpret as bullishness."
Black said that he had made the mistake of listening to company management on guidance and timelines before that turned out incorrect. He further urged investors to talk to customers, competitors, and suppliers in addition to the management and do their own research before making investment decisions.
The Achilles heel of many smart investors is they accept what company managements tell them rather than do their own independent research. It's not about putting numbers into spreadsheets, as some investors poke fun at those of us who do their own research. I can tell you many...
— Gary Black (@garyblack00) December 29, 2024
Why It Matters: Black is a Tesla bull himself. Tesla holds the third position in The Future Fund Active ETF after Nvidia and Alphabet Inc.
Black said in another post on X on Sunday that The Future Fund is not making Tesla a bigger bet given the risks involved of the incoming Trump administration scrapping or reducing the $7500 tax credit currently available on the purchase of electric vehicles in addition to the risk of the EV company not launching a cheaper, more compact electric vehicle model the next year.
According to Black, Tesla launching a compact cheaper EV offering is necessary for the company to expand its total addressable market in 2025. A lower-priced Model 3, as per Black, will not aid delivery volume growth or earnings growth next year.
When I ask an investor what their upside/downside on a stock they own is, and the downside is multiples above the current stock price, I know the investor is not serious. An upside/downside ratio can be probability-weighted, but can't just have upside scenarios. That's... pic.twitter.com/aqGKYufmvt
— Gary Black (@garyblack00) December 29, 2024
Check out more of Benzinga's Future Of Mobility coverage by following this link.
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Future Fund LLCのマネージングパートナーであるゲイリー・ブラックは、投資判断を下す前に企業の経営陣のコメントに頼るのではなく、自身でリサーチを行うよう投資家に呼びかけました。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
The Achilles heel of many smart investors is they accept what company managements tell them rather than do their own independent research. It's not about putting numbers into spreadsheets, as some investors poke fun at those of us who do their own research. I can tell you many...多くの賢い投資家のアキレス腱は、企業の経営陣が彼らに言うことを受け入れることであり、独自のリサーチを行わないことです。一部の投資家が自分でリサーチを行う私たちを茶化すように、数字をスプレッドシートに入れることが重要ではありません。私は多くのことをお話しできるでしょう...
