We used to have values:
- Iced water in every restaurant
- Insurance bills for days
- 8 lane highways
- Red solo cups
What has happened to our country? Are they coming for our tips next??
Thought for the day: There two basic models for valuation. One based on current financial metrics: PE, FCF, TEV/EBITDA, P/BV etc. The other model incorporates option theory which is a better model in times of distress. Think of the security as an option priced out of the cont
On the other hand, Germany is facing a lot of resistance from ICE manufacturers, as well as a lack of charging stations. Government has a zero carbon emission goal less aggressive than other EU members. Germany mobility startups call for more government funding support.
Talked to parties in interest (EU backed impact fund, large ride firm branch in EU, mobility startups etc). Netherlands is progressively pushing cars out of road for carbon decrease and road safety, and NL cities are doing a great job in facilitating urban mobility projects.
EU to ban new combustion engine vehicles by 2035.
Do you think they will succeed?
Or will the reality of lack of sufficient resources force them to push back that deadline? Many estimates claim there is not remotely enough battery metals (copper, nickel, etc) to achieve this.
One anecdote when deciding the future of Intel: the founders asked themselves a question: “If we were kicked out of the company, what do you think the new CEO would do?”
And the answer is “he will leave the memory chips behind” - a great perspective to remove sunk cost bias.
@folkvangtrading@mikevanrossum Always seen a fast response to market turmoil and high level of dedication to protect investor interests in Folkvang. I have faith in you to get through this.