Tesla’s current market cap makes it the most valuable automobile company in the world. By that metric it is 3 times the size of Toyota and 4 times the size of Volkswagen. If we consider Tesla’s relatively limited manufacturing scale, the valuation simply doesn’t make any sense in present day terms. With regards to revenue […]
A ‘bubble’ is a scary term. It speaks of mania followed by a cataclysmic doom. When the dotcom bubble burst in the late 2000’s, the Nasdaq entered a 2 year downward turn that would wipe 80% of the index value. An utter blood bath. In the aftermath, it was understood that analysts had focused on […]
Elon Musk in Beeple’s Digital Artwork. Part 1: The Cult of the TechnoKing, Elon Musk. Stimulus spending is at all time highs. Interest rates are at record lows. The stock market is at an all time peak. And yet… we are in still in the midst of a Global Pandemic. We are in bubble territory. […]
Hedging against Inflation may be contributing to the very problem. “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” — Milton Friedman. Since the start of the COVID-19 Pandemic, difficult economic circumstances […]
Look upon the Mona Lisa. Before her gaze, you will sense enigma that has kindled legend. Today, she lives in the Louvre Museum in Paris and attracts millions of visitors a year. She is utterly priceless. How many times do you think she has been refashioned by other artists in the years since the original […]