Lessons About Naysayers

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None of this is financial advice or advocating this as an investment in any way. It is solely for illustration purposes.

For those who follow the stock market, one thing the market loves is layoffs. This seems odd to the outsider yet makes total sense. The biggest expense most companies have is labor. Layoffs tend to mean higher profits even if the ship is sinking.

Tesla made an announcement yesterday that involves closing their physical sales operation. They, instead, are moving their sales to all online. To assist in this effort, they made some changes that should streamline the ordering process by reducing the different options.

Another part of the announcement was the long awaited $35,000 Model 3. This is par for the course for Elon Musk. His vision is spot on, it is just his timing that tends to be off. The release of the $35,000 car is only a couple years past when it was expected.

Nevertheless, the market got the car it was seeking which is in line with Musk's vision.

Part of the issue with companies laying off people in numbers is there is a charge in the quarter they do it. It costs companies money, in the short term, to get rid of people. This is also something the Street knows, expecting a hit in earnings, when it happens.

All this is known and a company that announces layoffs tend to get a boost in price. What is interesting is Tesla did not. Instead, it was hammered when it gave Wall Street exactly what it was looking for.

I must state for those who do not follow this stuff, Tesla is one of the most heavily shorted stocks there is. The split between believers and naysayers is fierce.

The reason I bring all this up is because I see the same commentary about cryptocurrency as I do Tesla. If we replace the word "Tesla" with "Bitcoin" or "Cryptocurrency", the arguments would be the same.

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Whether one likes the guy or not, it cannot be disputed that Elon Musk is a visionary. It remains to be seen if his ultimate vision will be pulled off. Nevertheless, he already disrupted the automobile industry by pushing the world towards electric cars along with the headway into autonomous vehicles.

The truth of the matter is that few can see what is taking place until after it happens. Even when witnessing something that is visionary, most are still wrapped up in what they know. Their belief system is so strong that little outside of it can penetrate. It is not coincidence that the same people who post online things blasting Musk have similar views about cryptocurrency.

It takes imagination to see what is taking place. Technology is advancing at such a pace that we are going to see a world change in less than a decade. In 2002, the idea of a smartphone with millions of applications available that operated as a personal computer and assistant was something out of science fiction. Yet, today, that is exactly what we have.

One of the wonders of being a follower of technology is seeing what the world will look like in the next 5-10 years. While the specifics are hard to pinpoint, one gets an idea of a range things will operate within. Disruptions are easily recognized when one is aware of what to look for. Picking the winners is less certain but the loser is often standing out.

I can say a couple things with certainty:

-the move away from vehicles that are fossil fuel powered is underway. Over the next decade it will increase to the point where ICEs are a thing of the past. By 2035-2040, they will not even be sold.
-the move away from fiat is starting. While the present system is still strong, we will also see a shift over the next decade towards the alternate system. This is what we all see on a daily basis being on Steem. The growth that is being experienced here will keep accelerating. Give it another decade and the financial world will be totally different.

Of course, the naysayers will blast me for this. I do take solace knowing that no matter what is said about what I post, it is 1/100,000,000th what Musk receives. That said, he is better compensated for the attacks than I am. Either way, the simple fact is we are seeing a lot of change taking place. Anyone who wants to denounce it is doing at his/her peril. The chance of change is much greater than the chance of things remaining the same.

The golden rule today is to suspend judgment. Thinking you have it all figured out tends to create severe blindspots. I see this on a daily basis in the industry I work in. It is a mature one that is on the path down. Yet most who work in it, including those high up, are oblivious to what is going on. They are acting like it is 2009.

It is easy to be a naysayer but always remember, they are the ones behind the curve. Those with vision and a willingness to look at things differently are the ones who tend to take advantage of change. Each of us who is on Steem daily are in the later group.

We are in the season of change. Do not be part of the group that misses what is taking place. The lessons from those that do are growing.

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