John Murphy, Tesla bear, capitulates

It is important to recognize that the higher the upward spiral of [Tesla's] stock goes, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price.

~ John Murphy, BofA Merrill Lynch analyst, upgrade of Tesla from Sell to Hold, August 14, 2020

Kevin Duffy on virtuous and vicious cycles

Just as giving is the virtuous cycle of life, coercion is the vicious cycle.  If the largest coercive institution, by far, is government, why do often the most privately giving people tolerate and even promote Big Government?

~ Kevin Duffy