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Startup Archive
Elon Musk: “Any new technology is expensive when it starts out”
Charlie Rose asks Elon why Tesla started with the expensive Roadster. Elon replies:
“Any new technology is expensive when it starts out… Because the first thing that engineers are trying to do is make it work. And then when you make it work, you optimize, and you optimize, and you optimize.”
He points out that computers, cell phones, and gasoline cars all followed this cycle. Cars used to be toys for rich people until they were made affordable by Henry Ford.
“And then you combine that with the fact that we’re just a little startup. There’s just no way that we could afford a billion dollars to make a giant car plant that would make hundreds of thousands of cars a year. Because that’s the kind of volume you have to get to to make cheap cars… So we have both a volume problem and a new technology problem. You have to reach scale and you have to work the bugs out of the system. And you want to make your mistakes at a small scale.”
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Elon Musk: “Any new technology is expensive when it starts out”
Charlie Rose asks Elon why Tesla started with the expensive Roadster. Elon replies:
“Any new technology is expensive when it starts out… Because the first thing that engineers are trying to do is make it work. And then when you make it work, you optimize, and you optimize, and you optimize.”
He points out that computers, cell phones, and gasoline cars all followed this cycle. Cars used to be toys for rich people until they were made affordable by Henry Ford.
“And then you combine that with the fact that we’re just a little startup. There’s just no way that we could afford a billion dollars to make a giant car plant that would make hundreds of thousands of cars a year. Because that’s the kind of volume you have to get to to make cheap cars… So we have both a volume problem and a new technology problem. You have to reach scale and you have to work the bugs out of the system. And you want to make your mistakes at a small scale.”
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Quiver Quantitative
I built a trading bot that buys stock in companies that are ramping up lobbying spending.
The portfolio has risen 39% since being released on Autopilot in April.
Politicians seem to be profitable investments: https://t.co/TcAIYzzCa0
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I built a trading bot that buys stock in companies that are ramping up lobbying spending.
The portfolio has risen 39% since being released on Autopilot in April.
Politicians seem to be profitable investments: https://t.co/TcAIYzzCa0
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Finding Compounders
Must Read
Why stocks beat gold and bonds
By Warren Buffett https://t.co/tJlxL5kYkE
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Must Read
Why stocks beat gold and bonds
By Warren Buffett https://t.co/tJlxL5kYkE
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Offshore
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Stock Analysis Compilation
Brown Advisory on HDFC Bank $HDFCB IN
Thesis: HDFC Bank is well-positioned for long-term growth despite recent underperformance due to its merger, with strong fundamentals and effective management, especially in the mortgage sector.
(Extract from their Q4 letter) https://t.co/HcdfOWtl9v
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Brown Advisory on HDFC Bank $HDFCB IN
Thesis: HDFC Bank is well-positioned for long-term growth despite recent underperformance due to its merger, with strong fundamentals and effective management, especially in the mortgage sector.
(Extract from their Q4 letter) https://t.co/HcdfOWtl9v
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Finding Compounders
I’ve gained a lot of knowledge from this YouTube channel https://t.co/u6JejPBvDI
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I’ve gained a lot of knowledge from this YouTube channel https://t.co/u6JejPBvDI
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Offshore
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Stock Analysis Compilation
Alger International Opportunities Fund on MercadoLibre $MELI US
Thesis: MercadoLibre is the leading e-commerce and fintech platform in Latin America, leveraging strong network effects and data advantages to maintain and expand its market share despite competition.
(Extract from their Q4 letter)
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Alger International Opportunities Fund on MercadoLibre $MELI US
Thesis: MercadoLibre is the leading e-commerce and fintech platform in Latin America, leveraging strong network effects and data advantages to maintain and expand its market share despite competition.
(Extract from their Q4 letter)
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Quiver Quantitative
Never forget the time when Senator Tuberville bought shares in a small biotech company that makes implantable human tissues-right before the U.S. Army announced results from testing the technology in Ukraine to treat combat injuries, and shares went up 156%: https://t.co/WJb0X1wjK3
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Never forget the time when Senator Tuberville bought shares in a small biotech company that makes implantable human tissues-right before the U.S. Army announced results from testing the technology in Ukraine to treat combat injuries, and shares went up 156%: https://t.co/WJb0X1wjK3
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