By Eric Peters, CIO of One River Asset Management
“Elon is a genius bro,” said my Uber driver, who rents a Tesla from Hertz for $360/wk, drives 7-days straight, saves $100/wk in gas, earns as much as a Harvard grad back when they could still get Wall Street jobs. “GM makes a new car with better range, and Elon’s like - I’ll double that bro.” I smiled. “I’m a risk taker. I made dumb mistakes. Lost big. But now I study, take calculated risks, you know?” I nodded, caught his eye in the rearview. “That’s right, you know what I’m saying. I don’t work no J.O.B. - Just Over Broke.” I’d never heard that and laughed approvingly. Which further fired him up. “Yeah, you know, don’t work no J.O.B. bro!” said the kid, half my age, a fellow New Yorker, hustling, about to get a monster tip.
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