Friday, April 8, 2016

I would really like to buy some Tesla Motors Inc (NASDAQ:TSLA) stock ($250.07 down $-7.13 (-2.77%)) but by my own investing rules I can't.

See, I can't really read a balance sheet or income statement, but I know they are important. So, I do the next best thing. I invest by color. If I'm considering  investing in a company and its balance sheet and income statement is all black I'll give it further thought. If there is any red, I steer away.

Tesla, right now just has too much red. Will the pre orders of the model 3 offset the red? I don't know! I can't even read a balance sheet for crying out loud.

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