At the beginning of the year, PitchBook released a report raving about the big returns investors enjoyed in 2020 from special purpose acquisition companies (SPACs) entering the electric vehicle and mobility market. In the latter half of last year, its Mobility SPAC Index generated a return of +77.7%, compared to the S&P 500 total return […]
Investing in what you know isn’t just about understanding the value proposition on offer. It also involves vetting business models to determine their complexity. On the lower end of the complexity spectrum would be a software-as-a–service (SaaS) business model which constitutes some software that lives in the cloud and is accessible via subscription. On the […]
Big oil may have a bad name, but it’s in no danger of being replaced by electricity anytime soon. Some developed markets may be seeing traction with electric vehicles, but for emerging markets – where 85% of the world’s population live – petrol-powered vehicles are going to be around for a long time. That’s why […]
If you want a flying car, just put wheels on a helicopter. The man who said that commands ~70% market share for electric cars in the United States. Another comment Mr. Musk made was to imagine what a toy drone that’s 1,000 times heavier might sound like taking off from your driveway at 6:00AM. While […]
Many people say they enjoy our content because we’re not afraid to speak frankly and call things out. What they’re really saying is that mainstream content doesn’t do that anymore. That’s because everything has become political and people are afraid to speak their minds, despite that it’s often what everyone else is thinking. Even outside […]
We’ve talked before about how the Jack and Jill retail investor types gravitate towards easy-to-understand stories. Jack watching Saturday morning cartoons in his underwear sees a Tesla commercial, followed by an iRobot commercial, and tells Jill they ought to invest some of their self-directed 401K into battery stocks. Jack logs into his brokerage account, plugs […]
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 […]
At least in ‘Murica, buying a manual transmission car acts as a theft deterrent. Violent car jackings recently doubled in Chiraq, a city in the State of Illinois that buys the least number of manual cars as a percentage – about 1.39% of all cars sold are manual. Since less than 18% of Americans can […]
In our recent piece on 13 Artificial Intelligence Trends for Investors to Watch, we noted that the transformational benefits of autonomous driving are still 10 years away. That’s good, because we still haven’t figured out what investments we ought to be making to get a piece of the $7 trillion dollar-autonomous vehicle opportunity. Last week, […]
If you needed any further proof of how unhinged the stock market has become, just look at the outsized and outlandish IPO for DoorDash (DASH) this week. The company stands at a $70 billion market cap for food delivery. On paper, that makes DoorDash more valuable than General Motors (GM), one of the world’s oldest […]