Electric Bus Company Proterra Offers Stock to Public

It’s always worth recounting the old story about the brokerage firm that audited their best performing retail accounts only to find that they were the ones the owners had forgotten about. It’s about time in the market, not timing the market, an adage that’s all but lost on today’s Robinhood weekday warriors who eat up drivel like this:

Instead of trying to find the next Microsoft, focus more on trying to avoid the next Bind Therapeutics. You’ll grow your wealth a whole lot quicker if you figure out how to preserve it by not taking on excessive risk. If there is a “next Tesla,” they’re probably not going public using the back door route – a special purpose acquisition company (SPAC).

We’ve advised our readers to largely avoid SPACs save for a few exceptions like