Lots of companies had a pretty forgettable year in 2022. And then there is Beyond Meat (BYND), whose (now former) chief operating officer took a bite out of another man’s nose while stuck in the parking lot after a college football game last October. That actually might have been the highlight of the year, based […]
We like to think of capitalism as this pure economic system where the best-run companies with the best products and services can grow revenues indefinitely, returning value to shareholders and prosperity to their employees. The reality is far messier. Markets don’t exist in a vacuum. Governments impose tariffs and regulations, issue subsidies and grants. While […]
The nice thing about checking in with a stock once a year is that you’ll have completely forgotten what conclusions you arrived at last time. It’s like you’re looking at the stock for the very first time, and fresh eyes always uncover new things to like or dislike. Today, we’re going to start by completely […]
While there is no definitive event that caused confidence in special purpose acquisition companies (SPACs) to collapse, the rats institutional investors started jumping ship in the second half of 2021. You can see the switch flip around July 2021, based on how much money investors pulled out before a SPAC merger was completed, according to […]
Green technologies can be difficult to navigate because of their political nature. As investors, we need to take off our ethnocentric goggles and examine economic viability objectively. For example, we use Lazard’s levelized cost of energy (LCOE) to evaluate whether green energy sources perform better than their “dirty” counterparts. Our investment in the world’s largest […]
Never take advice from someone who doesn’t have to live with the consequences. With every other media outlet talking about Tesla (TSLA) blowing up, that’s precisely why it’s worth taking a closer look at the value on offer. Properly assessing the risks associated with a stock requires one to leave ethnocentric political beliefs and the […]
In a world of gene editing and AI-powered brain-computer interfaces, energy storage hasn’t changed much. Sure, advances have been made in density, leading to the miniaturization of lithium batteries, which has popularized drones and electric vehicles. The growth of renewable energy has also led to an increased demand for energy storage solutions. The icing on […]
What a difference a few years makes. Just over a year ago, we wrote about The Biggest Renewable Energy Company in the World which happened to be NextEra Energy (NEE). Today, Exxon Mobil (XOM) is nearly three times the size of NextEra Energy as the price of oil has gone from negative to around $80 […]
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Term Sheet, a newsletter from Fortune, was all up in arms yesterday morning about the ARK Venture Fund – “making this available to retail investors is a horrible idea.” What about all the other horrible ideas out there such as penny stocks, regulation A+ IPOs, SPACs, cryptocurrencies, ICOs, NFTs, crowdfunding ventures, and all the other […]