Andrew Yang is not yet a president and still is only a presidential candidate for the Democrats, and yet he is already inspired people to give strangers a load of cash without any string attach. Check out a few good folks with the mindset of abundance who handling out $1K to random strangers in Harlem in the video right after the break.
Before you read on, I want to clarify my standing in regard to the pure electrical vehicle all related matters. To sum it up, I do think the EV market will be huge in the future. Furthermore, I bought some common shares (stock) and go long on an EV maker which I will not name here. So, my standing is that I’m biased and positive in the EV sector.
A question I want to address in this blog post is that can a country or a company in a car industry be left behind by ignoring the EV market? It seems Toyota is still moving too slow on going all-in in producing pure electrical cars. I’m wondering, perhaps, Toyota thinks that the EV market is not big enough and there isn’t enough demand for EV out there, and so it’s OK for them to move slowly into this market. Nonetheless, I think this would be a big mistake for Toyota and other automakers out there that think the same way as Toyota is currently thinking in regards to EV of all things.
I suspect that Tesla and other EV makers out there who are going long and early into the EV market will be able to set some standards for the whole EV industry. Why do you think Chinese and South Korean automakers cannot shine brighter than automakers in Japan and Europe? Well, most automakers in Europe and Japan have been at the game much longer than the ones in South Korea and China. The European and Japan automakers have been churning out complicated but well respected non-luxurious and luxurious vehicles with internal combustion engines for decades. Nonetheless, when it comes to electrical vehicles, it’s still anybody’s game.
I’m no expert in the auto industry and whatever I’m spewing here is just an ordinary Joe’s perspective on the car industry. Nonetheless, my suspicion is that the EV market will be so huge and has a very big potential for investors because of several things.
Firstly, China got the biggest auto consumption market in the world. Nowadays, if you’re an automaker, I doubt that you would want to neglect such a big auto market as the one in China. So, when the Chinese government prioritizes EV (and other new energy sources for making vehicles and other transportation means) — I think it’s a very big deal. After all, the Chinese government demands a certain percentage of pure EVs to be made and sold by each automaker that wants to participate in a growing Chinese auto market.
Secondly, as a country like China and Germany build up EV charging points to promote pure electric vehicles, people are going to be more comfortable to go out and buy more EVs since they know they can charge their vehicles anywhere eventually. Meanwhile, some EV makers are also trying to improve battery range and charging speed, and thus greatly enhancing the demand for a pure electric vehicle. Some automakers go as far as to provide a battery switching option which could take less than five minutes to switch out a drained out battery with a full charge one so you can drive your EV out of the charging station in no time.
I think high-cost value products like a car rely on reputation a lot. Thus, I think when all necessary ingredients are eventually be put in place for the pure electric automakers to thrive, they only have their reputation to depend and fall back onto. This means, whoever is in the game the longest doesn’t necessarily be the best, the biggest, and the most awesome if the reputation is stink. Nonetheless, when the time is right for the EV sector to grow, a great reputation is exactly the thing a pure electric automaker needs to thrive onward. Thus, I think as long a pure electric automaker got an early head start and keeps on building a great reputation, it will be very hard for the newcomers to come in and uprooting the foundation of the great pure electric automaker.
One more thing, Mr. Bill Gates had mentioned that it was his mistake of not pushing more focus into the smartphone industry thus Apple and other Android smartphone makers were able to thrive but Microsoft did not do so great in making a well respected and well-known smartphone. I think Toyota and whatever automakers out there should take the lesson of Microsoft in regards to being a more focus early bird.
I sometimes do add Avocado to my salad. I rarely eat Avocado by itself though. Before I watched the video which I’d shared right after the break, I didn’t know that Avocado is a danger to water resource for some places around the world. In Chile, some parts suffer water shortage, and Avocado farming increases the water shortage for people who are living in these water shortage regions. The video claims that Avocado is a thirsty fruit since it requires eight more times of the water than potato. I never knew that Avocado is so thirsty. Now, I feel guilty whenever I throw away Avocados that had gone bad in the refrigerator. Check the video out right after the break.
So, before running as a presidential candidate, Andrew Yang was a lot younger… but he was just as funny as how he is now — check out his lecture at Harvard in the video right after the break. Enjoy!
After watching a YouTube video on how the Japanese built Toyota Mirai, fuel cell car, I must say that I’m surprised to see humans are still involving in building such a complicated beast/machine. I was thinking that nowadays, building cars should have all been done by robotics mainly, but I guess I’m dead wrong on this. Perhaps, other car companies may deploy all sorts of robots to build their cars, but it seems Toyota is still using a lot of human technicians to manually guide machines that do heavy lifting auto parts into place so the same technician or other technicians can begin to bolt these auto parts together to form a more complete car.
Harry Markopolos came out with a damning report which suggests there are some irregularities with GE’s accounting that have led him to believe GE is cooking the book. I haven’t read his report and so I don’t know the details, but this news has made many rounds in the mainstream media. Since the news broke, GE’s share price has dropped a bit too. As I’m writing this, GE’s share price is now $7.97 a share. Short interest in GE’s stock is climbing too.
The big question is what is going on with GE that has led a famous fraud investigator Harry Markopolos to stake his reputation on a report that alleges GE is a fraud? Even if GE is cooking the book, do you want to be brave and short GE’s stock? According to Statista.com, GE has employed about 283,000 people worldwide from 2005 to 2018. I don’t know how many employees GE is currently employed though. With so many employees are being employed by GE, will the government dare to throw GE under the bus even if the allegation may come true?
Whether the market is up or down, I think traders don’t care because they can make money either way. They can buy into the bull and they can also short into the bear. With the current trade war atmosphere that is going on between the U.S. and China, the market is having a seizure. It behaves erratically. It could spike 300 points in a day or it could also plunge into the abyss such as down 700 points in a day for the Dow. In this current atmosphere, I can see the temptation for shorting GE stock since Harry Markopolos’ report came out. Nonetheless, in this atmosphere, I could also see GE has a chance to weather the storm unless GE is unable to meet its financial obligations on all fronts.
GE is a veteran when it comes to weathering the storm since it’s a 127 years old company. Nonetheless, nothing could last forever, and so GE could be on its last leg. You never know, right? As I mentioned GE is employing a lot of people, and so I’m wondering even though Harry Markopolos may be right about GE is cooking the book — GE could very well be cruising along just fine throughout this storm since it’s a big company and may have the means to connect to the government and the right people to calm down the storm in coming days. When a big company like GE goes bankrupt, I could imagine a lot of people will lose jobs. This could negatively affect the company’s host country in a very big way!
As of writing this, I have not shorted GE’s stock. I’m thinking about shorting GE’s stock but fearing that Harry Markopolos’ report won’t affect GE’s stock price that much. Harry Markopolos said it’s impossible to make sense of GE’s balance sheet, and so I don’t know how much sense for one to go to take a deep look at GE’s balance sheet. Harry Markopolos is famous because he was very early in condemning Bernie Madoff for being a fraudster and he was proven to be very accurate. This man now stakes his reputation on GE is cooking the book, and he compares GE with Enron’s scandal. I think when there is smoke, there may be a fire. It’s just that how brave can you be when there is an opportunity which just appears right in front of you, right?