Grant & Raoul in 2018: "Something has got to happen, to stop that from happening" Fed 2019: "I got this :-)"

I actually think 'algos' will be banned. I think something will happen that is either caused by 'algos' or will be blamed on 'algos' and then there will be a move to ban them, in the attempt to stabilise the markets.

Grant loses credibility when he starts ranting about gold. Raoul is a sober voice against the madness of Grant and his gold obsession. Gold is there, it works and you can have you're own gold standard, there's not really much else to say. Grant gives great speeches about gold and I love seeing and listening to those talks but it's becoming ranting. Why this obsession with what the future monetary system is? It's unknowable and madness to obsess about this. The future will be like nothing you and I can imagine.

I hate to defend The Boring Co. but I sort of see where it might be going. The Boring Co drills tunnels at 1/2 the diameter (1/4 of the area) of the standard tunnels and therefore possibly costing 1/4 the cost of a standard tunnel. Those tunnels would be unnavigable by humans in an ordinary car but could be navigated by a Tesla autopilot with proper sensors along the side. The 'training wheels' are just a proof of concept. But but but how do they make money when going through a tunnel costs $12? Answer: Charge $200. Sounds unreasonable? What would you pay to get off Manhattan Island in 15 min when traffic radio says 2 hr delays on East River crossings? The privately owned Tesla Tunnel would have surge pricing, so they would charge $1000 to avoid a 2 hr delay. If BMW wanted their cars to go through such tunnels they would either have to use Tesla compliant equipment, or they would have to build their own tunnels. What I describe isn't the vacuum tube system Musk speculated about, but did not as you say promise, but I can see something coming from it eventually. I don't claim it will work, but it is not absurd nor does it obviously defy physics or economics. You keep saying 'Elon will figure it out'. One of Musk's tricks is he operates like a silicon valley startup and collects the best, youngest engineers in the world and inspires them. They are the ones that will figure things out. Is GM or even BMW known for that? As far as competition for Tesla, I don't know. GM Volt is now dead along with autopiloted Cruze. I-Pace and whatever it is from BMW sounded good but based on reviews they both leave me flat, although I am positive the door panels fit properly. Maybe Porsche will pick up the gauntlet. I hate to say it but Germany is looking a lot like Detroit in the 1970s. A strong legacy and loyal customers but new products are really updated retro products and a huge third world migration are making living in Germany less attractive and more expensive. Just like Detroit in the 70s Germans will probably pay premium prices for new housing in safe areas, but that will destroy Germany and the German automobile industry, witness Detroit.

The problem almost everyone forgets about the gold price is the capital gin component and the taxes that will be lived on that gain. In the next crisis which will drive gold higher (I am certain) the risk of windfall taxes being placed on gold profits are huge. Its such an easy way for governments to try to keep a lid on the price. I firmly believe we are heading for paper currency destruction and debt deflation and I see gold and gold stocks as potential back stop. However if gold climbs in a similar relationship to the 70s, $1200 gold is going to go to $12000 or more. That world will almost certainly see governments react to try to curb the price. I expect a first step will be a 50% minimum tax of gold capital gains. If a high rate of inflation returns due to a loss of confidence in paper money the total tax take against real gold prices could easily exceed 80 - 90%. I guess using gold to preserve wealth rather than "make money" is actually the real benefit.

Re the Aussie housing market: I agree house prices are off the charts and have started coming down already and probably this trend will continue as Chinese demand decreases and supply grows every year significantly. Now, this may sound as a stupid question at first sight but read it through it may make more sense then: Why is that such a huge problem if house prices fall in Australia? I live here and almost everyone I know have a mortgage and have investment properties. However, all those properties are rented out to people who finance them mostly from their salaries. If housing asset prices will fall the salaries will still be there to maintain the cash flow and not default on the debts. The banks will NOT ask you to put more equity in to offset the paper losses as long as you maintain cash flow on the debt. Again these are maintained through salaries. Also there is net immigration into Australia which maintains a continuous demand and the government can ease immigration law (which have been the strictest EVER) to attract more people to the country if needed. I agree, probably the RBA will decrease rates eventually (after an increase period) and that will play into bonds. BUT based on my points (and probably could list a few more, e.g. net wealth being one of the highest in the world, I think 3rd after Switzerland and Luxembourg and people can easily afford to touch into their savings..) can someone explain to me where is the armageddon coming from?

As an Aussie and investor, the home prices here are falling despite credit continuing to expand at a rate of approx. ~5% p.a. This is because the rate of credit growth has slowed, causing the home price slump in certain major capital cities. However credit growth is still outpacing wage growth and inflation. The point is the household debt bomb is still growing. It's all about availability of credit. If credit ceases to continually grow, or even declines, then the effect on home prices and the Aussie economy will be far far more severe. Right now, the Council of Financial Regulators (APRA, ASIC, RBA and Treasury) realise the impact of tight lending standards, which is constraining the Australian economy, but slowing the growth of household indebtedness. They think it has already gone too far and they are reversing course by relaxing some of the lending standards (e.g. remove 30% Interest Only lending cap), encourage more borrowing, more debt, which will only facilitate a bigger crash down the road. They're effectively saying that despite all the findings of the Royal Commission with regard to bank sector fraud, pursuit of profit to all else, that we need to go back to loose lending standards to give the economy another shot of life. My take is the Council and Government will sleepwalk right into this mess without ever addressing it head on. They'll blame "external factors" such as global deleveraging/deflation.

"We must respect the other fellow's religion, but only in the sense and to the extent that we respect his theory that his wife is beautiful and his children smart." H. L. Mencken In Australia you can add "...and his property fairly valued",

gold stocks....?? great talk

Grant really is a true gold bug talking through a mask to his friend Raoul. "It doesn't matter what price gold is"...... are you serious? Everything is relative Grant.

Totally awesome interview. I subscribed to RV a few months ago after Adventures in Finance finished, then I watched virtually all the catch up on a 16hr flight to SFO from Singapore on the 7th October, I sold everything I had before the plane stopped moving on the tarmac, that’s not a lie! Have been sat in cash ever since, so I guess it was worth the 180 dollars. As a total amateur I have no idea what do do now of course! Keep watching probably.

The part of the conversation that stood out to me starts on page 10 of the transcript. As I understand Grant and Raoul, algorithms, and machines capable of running them, have taken away any short-term advantage fund managers have. What does this mean? Should a retired person even be in the stock market? With all the other troublesome things out there, this fact seems to be the last straw to make a new investing world that requires a different perspective.

Superb - thank you.

The 60 odd negative reviews must have been fat fingers...

Who thumbs-down these guys ?! Thanks Grant & Raoul. Great start to '19. Tin hats at the ready...

Great interview and interesting commentary about the industry and ‘the machines’. Grant, you need to interview Keith or Darius @Hedgeye and get their POV on this subject!

Guys you were both brilliant! Around the 30 minute mark on the screen, you were talking about the "Gold standard" May I suggest the following.. 1) Bring on Liaquat Ahamed who wrote and researched "Lords of Finance" and published that book in 2009. It was the last time of sovereign debt collapse.. 2) Bring on Luke Gromen with Dan Oliver & Simon Mikhailovich, to discuss the coming debt collapse. The gold standard isn't easy to follow. Yet its the former 'effing crooks ( & the new soon to be crooks) like Ocasio-Cortez who says "Vote for me for free stuff" + The other crooks who have the "Pork Barrel spending of Bridges to no-where" and all the other "freebie" stuff that all the folks in Westminster, Capitol Hill and, the Elysee Palace plus all points west and east etc., like. Like the 3.4% budget deficit in France while castigating the Italian government with their 2.4% budget deficit. & All of this is important! Everyone everywhere is gaming these systems. Yet having said all of the above the 800lb gorilla in the room is Deutsche Bank their derivatives book & thus, when does the whole edifice go wallop?

It is always a pleasure to listen to both of you! Much of my perspective, right or wrong, comes from two RVTV videos – Hyper-Connectivity and Tri-Polar World. In addition, businesses with a positive cash flows. Although I like the stability of Grant’s world, I believe Raoul’s world of many, many more complications will be the future. You will be required to learn new skills and keep them up to date, or you will never be able to keep pace. You will also need to keep Grant’s fundamentals in mind in all your trades. False prophets will be in all the bushes. Many of them will not even know that they are on the wrong track. This advice is nothing new just more so. I wish everyone a Happy New Year and good investing from the middle of the Pacific. DLS

Great start to 2019 with this quality debate. As for RV future success you should consider adding European and Asian talented money managers to broaden world views..

Thanks guys. Very much enjoyed my first RV video of the year. Will be the first of many!

Two business partners and obviously friends, chatting about random econ stuff, having fun....No wonder they are smiling. But its still interesting as f#%k, very much worth my precious time. Thank you very much Raoul and Grant!!

I’m Australian... every time Aussie housing comes up on RV I can’t help smiling

Fantastic way to start the year listening to you both! 👍🏻

Grant, Raoul, you mention that you would have done tarp and QE. Yet, this goes against most of what you profess to believe in. The US could have nationalized the banking sector, split deposit taking from investment banking. Let the investment banks fail, and yes, big deep recessions to let prices clear. The world would not have ended, but perhaps the financialization of earth could have stopped, and by now we would be growing again, in real terms not in debased fiat terms.

Smart guys that add serious value. Raoul's call for us bond yields to move lower is so against the wall street consensus. Realvision has made me a lot of money. I'm looking forward to another great year.

Great convo, 2019 is going to be a barn burner indeed!

Outstanding intellect, I thoroughly enjoyed this.

Early but right

Fantastic stuff - thanks guys .

Big fan of Raoul and Grant but I don't think the call on Bitcoin is bankable - my recollection was Raoul was out around usd3.3k which is still below current levels. I bought a small position at $300 on the back of Raoul's initial thesis so have nothing to complain about but we shouldn't give credit unless it is earned.

Brilliant video Raoul & Grant, one of the best, more like these please. Total Novice Marco investor this side- so do excuse the simple questions. Any help is greatly appreciated. RE long AUS Bonds. Will the following ETF Capture this- The iShares Core Composite Bond ETF. https://www.blackrock.com/au/individual/products/251977/ishares-core-composite-bond-etf?locale=en_AU&switchLocale=y&siteEntryPassthrough=true My plan is to be Long this ETF whilst Shorting AUD to the equivalent sum (I’m UK based) P.S. I have never invested in Bonds- when looking at the data- Price action looks very stable. (E.G- Lower Price Volatility/Risk than many other assets classes). I would normally use 2-3X Leverage for other asset classes. (VIA CFD or Spread-Bets). Question- Do Bonds require greater levels of leverage? Told you I was a novice :-) Thanks

Grant/Raoul, This conversation between the two of you is a prime example of why I am willing to pay for RV content. More humans need to see this kind of excellent dialogue where two folks can maintain different perspectives of a given topic and still uphold human dignity and respect for each other. To see y'all congratulate each other on accurate market calls without it coming across as bullshitting each other is also commendable... and so very rare. Instead of once a year, where each of you meet up and discuss the upcoming twelve months, maybe y'all can consider doing it once a quarter? This kind of quarterly conversation would empower RV subscribers to have a forward-looking "rolling" view of what y'all are seeing and how y'all are adapting to market changes. Even if budget and travel constraints don't permit the once-a-quarter conversation between the two of you, please keep doing what you are doing, as it is working! My wife and I have had so many great and insightful conversations where we discuss RV content, interviewee's perspectives, what we agree with and disagree with and why, and how it affects our own perspectives of where markets may be heading. We look forward to when our five children (soon to be six children) are old enough to participate in these kinds of conversations with us, as we consider RV content to contain insights that can be passed down to the next generation. Thank you! Regards, John K.

From the video I gathered that usd up. Us stocks down. I can understand Brent santiago's call of usd up stocks up.. But I can't wrap my head around a usd up stocks down.... If usd is up and stocks down... What goes up?

There couldn't be a better end of year video. Superb! The only thing missing was a couple of pints. Happy New Year to you all and bring it on 2019!!

"Powell caught a hospital pass..." Spent some time on the rugby pitch Grant?

So glad you guys acknowledged the Luke Gromen / Brent Johnson ongoing debate about the dollar. The investing community has been the lucky recipient of their ongoing dialogue. Luke is one of my favorite thinkers and Brent is politically maddening (for me at least) but enlightening. This conversation was fantastic and is a great way to wrap up an awesome year for Real Vision.

OK, a call that was early and wrong for a long time is also counted as 'knocked out of the park'. Sloppy nonsense fit only for newbies. We need timeframes and risk levels with all calls ie: falsifiable propositions. Scientific method. Have we learned nothing?

Can someone explain the Austrialia story?

Guys totally sick job- big congrats on growing real vision, I'm an OG viewer from 2014! I hope 2019 brings you much luck and growth. Keep up the fantastic work and keep evolving! ps- please bring one of my ultimate fave guests David Iben back, his savant style call on mining sector a few years back was spot on, like to know what he thinks about things at the moment. Also Fred Hickey, Fleckenstein are pure entertainment everytime. Cheers!

The US completely recapitalised its banks after 2008 and the USD stabilised. Now however you think the recap of EZ banks by the ECB will absolutely crash the euro?

Great insights. I live in Australia and am looking forward to telling people "I told you so" regarding the property price declines that are happening right now. 2019 will be brutal. It has been a huge advantage being British and living in Australia. Once you have seen parents and friends being laid off in recessions (1990s for my Dad) and then realising at a young age that western economies are built on hot air, it is much easier to make smarter financial decisions. I steered clear of properties since moving here years ago because I learnt very quickly that the Australian economy doesn't really produce goods and services that can be sold to pay for all of this debt.

Awesome interview - would love to see more insights into the Tesla fraud/ short idea. Fresh news pops up every day. Would love to hear more about story and potential turning point that would suggest lights off!

Great video/chat. I live in New Zealand part of the year; if you think Australians are in denial about their housing bubble, you should see the Kiwis in Auckland! They have no idea what's coming... As for the central bankers in the Antipodes, the RBA and RBNZ: they used to have some of the best governors in the world. Now, they are a very pale shadow of their predecessors. The 'Official Cash Rate' in both countries is now lower than the equivalent Fed funds rate in the US for the 1st time in the more than 30 years I've been there AND the Australian OCR is lower than the NZ OCR, also for the first time (I think) ever! Strange times indeed. I agree that in 2019 'something' is going to give and things will hopefully finally start to unravel as they inevitably should.

A tactical actionable piece on Australia would be very interesting. I hate bank equities in general and if there is a good shorting opportunity lining up I will be in it. Would approach it through puts on some ETF though. Seems like there is an Australian banking ETF (MVB:AU), it yields 3% currently.(https://www.bloomberg.com/quote/MVB:AU). When one looks at AUDUSD one has to admit Mr. Market is pretty smart (the pair is already sensing something coming).

What a fascinating conversation recapping a ton of relevant macro events. Question on the Australian housing short.. What are instruments that can be used in a traditional brokerage account (Fidelity, Schwab) to potentially get in on this idea?

I'm following the TSLA & TSLAQ "gang fight" on Twitter since April or May and it is indeed fascinating and hilarious to watch. To this date I'm amazed how many smart people fell and still fall for this guy. Looking forward to the movie about Tesla's demise, because I would almost feel like an insider.

Grant and Raoul were great as usual. They should try to coordinate their schedules to do this every quarter. Neither has yet realized the degree to which their personal brands as interviewers/thinkers, are RV's biggest asset. Time to leverage that value boys.

There must be a bug in your system; the interface shows 17 'thumbs down'? Nobody would vote this down. Great discussion, thanks muchly. Please, more of it. Happy and prosperous 2019. I can't wait for the unfolding stories, especially (hopefully) being able to buy an Australian house at fire sale prices during 2019-20.

Together with everything mentioned there is a Black Swan event awaiting us...... Regards, Mike

There still seems to be plenty of opportunity for fundamental traders to think 3-6 months ahead... the algos don’t synthesise the materially different influences on each company. Also - an interview with James Anderson of Baillie Gifford would be an absolute treat for viewers. He seems truly exceptional and has no qualms about filling his book with outrageously valued names. He’s also articulate on the Tesla long!! (disclaimer: no related interest)

For those who want to play Long USD v AUD via an ETF, CROC (up 20% YTD) might be a good option or DAUD (up 30% YTD). They are levered though.

Post comes with warning. it may piss someone off Brilliance in many people. But the sad and devastating thing is.. They could change the world. Could maybe make inequality a subject of lesser meaning…………. Yet listening to many interviews. It is still about figuring out. How to be super wealthy, in “Flaws and economic breakdown” and profit. (401ks will mean nothing in a world of zero growth) While the governments and central banks spiral 99% of humanity into soylent Green. Trump is to extreme.Young people want socialism. That will bring ALL down, Not even a Island to hide on. It’s no wonder the United states theft and murder, school shootings is at historical highs. Sounds extreme, but most can’t be wrong for 100% move’s up. Then short there 401ks or IRAs… lots of mixed messages Hats off to Pippa Malmgren

Can someone explain exactly what the trade is with Australian currency and bonds? @ around the 4:30 remaining mark... Sorry for the novice question...

Thank you gentlemen loved it! I live and work in Sydney and because of your podcast and then world on the brink series have started University studying business. Love the channel and check out Martin north of DFA he runs a YouTube channel called walk the world. All the info on the Aus property bubble but I’m sure you already know and have your finger on the pulse. Thanks again and happy new year.

Great stuff. More of it please.

Brilliant! Guys please please do these conversations more often. How about quarterly through 19? Tracking all the talking points as things are actually playing out. Cheers, Happy New Year. Many Thanks for a great product in RV!!

Did Raoul say buy Australian bonds or short Australian bonds (anyone)? Great content guys...much needed as a new investor... Cheers

As always enjoyed the discussion but didn't totally agree with Grant that the royal commission has slowed loan approvals and here is why. The banks have shut up shop and don't want to lend, thats the main reason loan approvals are down. They have made it far tougher than it needs to be and I think they have an ulterior motive. They are pissed about having to participate in a royal commission and air their dirty laundry and the only way to fight back is to slow the economy by not lending. They know that the pain is coming but they also know that if they hold the govt to ransom they'll get some say in how this plays out. By the time the commission hands down it's findings the economy will have really slowed due to lending conditions being so tight and the govt will have no option but to go begging to the big four to get the economy moving again. It's going to be really interesting how this all plays out. Dividends being cut is odds on in my book. Bring on 2019!

Also finished Howard Marks book on cycles yesterday which made this conversation even more interesting.

Don't forget the Aussie election - biggest policy changes promised (by almost certain new government in May) since Whitlam.

Grant, could you provide us with some further details about Michael Synder's fund to play the Australian housing market? On the flip side, how would someone who lives in Australia/New Zealand protect themselves against this?

Summary of Bitfinex (the exchange) and Tether (the pegged, centrally distributed token) are as follows. 1) The crypto currency space had a problem exchanging fiat from and to crypto. 2) Their solution lets make our own digital USD, which we distribute centrally 3) A bunch of top exchanges use USD Tether (USDT) instead of USD, so when you sell you get USDT not USD. Even worse there are exchanges that say they are using USD but actually using USDT. 4) The organization that runs Bitifinex and Tether have been audited but have no shown they have the same amount of USD for USDT. Even when they had no linked bank, they were still issuing 100s of millions of USDT frequently. Obviously, if everyone were to sell their crypto simultaneously and request a withdrawal of USD then almost no one would get their money out. Crypto apocalypse scenario. And largest fraud maybe in history.

Why was Raoul his call on bitcoin RIGHT? He sold at 2K and bitcoin never ever went lower than this, till this day?! His call on bitcoin was WRONG. it collapsed BUT the magnitude of going up was way more powerful than everybody thought and you missed out a lifetime opportunity if you followed his call.

Brilliant, insightful, a real treat to hear the two of you together, 1+1 =100 ! Agree re Australia How about talking to Cathie Woods of ARK about Tesla or Elon himself ?

I enjoyed hearing the views of Grant and Raoul as we enter a new year. These long form interviews provide so much more value than listening to sound bites from sell side analysts all day on Bloomberg or CNBC.

That. Was. Amazing. Thank You.

All I want to know is who could possibly give that video a thumbs down? Seriously! Great video guys, keep up the great work in 2019 and beyond.

Pray to God, the UN goes.. and the CFR, and the EU, and the BIS, IMF, WB... all these transnational entities are the root cause of all the world's problems.

Great conversation, though one thing sticks in my side. Raoul states that short term trading doesn't work anymore, that is just plain wrong. Use the macro to determine the trend and trade the trend. With volatility being what it is now the swings provide great profits. With the overall bearish market I have been trading short (mostly) in ranges, selling into the pops and grabbing those declines, over and over. Semiconducters and cannabis have been great shorts. In 45 days of my short bias my entire portfolio is up 25.5%, this with trade durations from hours to a few days. If you can determine the correct trend, short term trading works well.

Best of Britain

The level of honesty in this conversation is amazing. It was pleasure to spend this hour with you.

Brilliant! Thought provoking, coming from a place of absolute integrity. Grant is so right about Australia. Happy New Year 🎉🍾🤦‍♂️😁

Great piece lots to think about. It would be amazing, if Hugh would agree, to have a revisit after his 12 months out of running money. To see if his perspective etc has changed looking after his only his own money. :own bias: One year into my financial learning journey and I haven't even decided what courses I should take. Speaking of "Algos" "computers" perhaps you need to have a bit of both? You need to be a fundamental and macro thinker but with an understanding of how the algos work. In the past your thesis was right or wrong plus you needed to be right then for everyone else to catch up. Now even in day trading you need to understand the levels that the machines are working with/to to make a probability question on if "I can be more right than wrong".

Great conversation

Brilliant.

Really good convo.... should definitely do this once per year, end of year, but maybe at the 6 month mark too? See how the predictions are turning out, that sort of thing.... :)

very enjoyable and relevant discussion. Well done GW and RP.

I got a deep insight from listening to these brilliant minds; algos dominate the short term pricing of assets AND investors need to have a “Gromen”-horizon to base the theses on, to have edge. As long as algos don’t create the future, distorting the gravity humans will have a edge.

It was a privelege to listen to this discussion. There's so much to take in that once I clear out my Imbox, I'm going to listen to it again as there is so much to take in. Thanks and keep up the great work in 2019.

Brilliant. Loved this conversation as it focuses one's mind and attention on the possibilities and probabilities of market moving events in 2019. A "must watch" for everyone with investments in the market, in real estate, in bonds, in Australia, etc. Great job, guys!

God Bless. The Cause.

This was really good! Too bad you 2 only do this 1-2 times per year!

I would like to know from Raoul how dependent he is on the rising price of the dollar to further cause a capitulation of oil down to $20/barrel. Does he still expect it to go there even if the dollar moves sideways or even weakens? Some of us live in oil country and greatly appreciate his input on this. thanks

Love this follow up on Tesla. Please continue this Tesla coverage in the future along with Grants other none-fraud short Netflix. btw these are my 2 current shorts in play:)

How much fun. As a Founding Investor in Real Vision I have missed your two interaction with each other because you both bring a unique perspective to the process. Thank you so much for this wonderful conversation.

This was really awesome. It would be great to see Raoul and Grant chit chat like this at least once more during the year.

Fantastic chat. As an Australian I found it both hilarious and terrifying how the two of you straightened up at the mention of our housing bubble.

Very interesting. But I’m not sure I’m happy about listening to smart people talking about the same scary things that have been bugging me recently.

Good talk gents -you should do more of this? Perhaps a net of what you both se for the major markets US equity ,gold,bonds, EU , China, Japan,and commodities etc. thanks for your service.

Could’ve listened to 6 hours of this. Hope you guys can get together more than once in 2019, especially if things start to unravel as you suspect.

Raoul and Grant, thank you for the chat. What a nice way to end off 2018, listening to you two talk all the topics that interest me - economy, markets, dollars, the madness that is Tesla and Wework, Australian housing, honest human observations of the people you met and interviewed. Thank you and your team for what you’re building, giving a rational look at a world, politically and financially, that might be losing their rationality again. See you in 2019 guys.

Fantastic - thanks guys.

The YouTube video 'Grey Wolf by Grant Williams' is one of the best presentation I've ever watched, highly reccomended.

It would be great if the Raoul Pal Grant Williams conversation was more regular, every month or quarter

One of the best videos all year. This is what made RV great, it’s the open conversation, the back and forth, and quite frankly Raoul and Grants personalities while doing it all.

I remember grant's interview in the spring on the Australian banks and I made a mental note to keep up with it at the time. I'm glad he updated this. I've got to take another look

Bravo gentlemen! Thank you for a fascinating and stimulating conversation. Best wishes for your continued success with Real Vision in the year ahead.

Great video and year end/start cap. Just a thought in regards to Tesla and Porsche being the Tesla killer.... From the article... "The range-topping Taycan Turbo will start "over $130,000 before options."" Yeah.. you read that correctly... the topline Taycan "Tesla Killer" (i.e. best range and performance) will be OVER $130,000.00 USD ..... Before options. There is plenty of reason to doubt Tesla may not make it.. But I don't see this is being the silver bullet that puts them away. https://www.autoblog.com/2018/12/27/porsche-taycan-pricing-report/?ncid=edlinkusauto00000021&yptr=yahoo

Remember Tesla doesn't now just make cars: "Emilie Blum @ebeesworld Follow Follow @ebeesworld More If I could rip the @Tesla solar panels off my roof and return them for a refund of our $24,000 investment, I absolutely would. I’ve never experienced such incompetence and negligence in my entire life than from Tesla employees. Worst solar experience ever. 9:09 AM - 28 Dec 2018" just tweeted: https://twitter.com/ebeesworld/status/1078699548552380416

great interview, once again. ty both.

it's so good to see you two blokes together in the same room. Great discussion and somehow reminiscent of the early days of RVTV. We need more of this.

The proof that markets have not changed and will not change is the fact that we have Peter Brandt trading for 40 plus years with the same methods he has been trading ever since and doing exceptionally well!

Get more felix zulauf!!! Thx for the great content you guys are legends

Great stuff! Couldn’t agree anymore regarding time horizons. Your only edge is long term. Happy holidays and best to Real Vision in 2019!

Awesome!

Bloody marvelous