In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Both Tesla and SolarCity are losing a lot of money, and both could be in serious trouble if Mr. Musk cannot figure out a way to start generate cash and a lot of it—and fast. Musk has taken a very bold gamble here; he’s essentially betting two of his companies on a fundamental shift in the way the world gets electricity. If that change does not occur, both Tesla and SolarCity will find themselves caught in the death spiral.
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Hiltzik and The Baffler’s Helaine Olen pointed out that some of those conditions no longer exist. Today’s would-be Millionaire Next Door would likely graduate from college with a mountain of student loan debt, leaving him with little extra money to start a business and a strong incentive to stay in the cubicle farms. Low inflation, a booming stock market, and high real estate values also make it difficult for working stiffs to accumulate income earning assets.
Read MoreBuffett’s move shows us the future of oil; it’ll be drilled in safe places like Canada while investors leave the Middle East to burn.
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One result of a hyperloop would be a sort of economic boom in areas with lots of cheap housing that is in fairly close proximity to expensive urban areas. Another would be a fall in housing prices in areas where there are currently shortages that lead to high priced housing.
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A high-speed ground transportation system like Hyperloop could be enormously profitable if somebody actually built it. A customer for it would be United Parcel Service (NYSE: UPS), which reported a TTM revenue of $57.31 billion on Sept. 30, 2014, a $2.28 billion increase over September 2013, when it posted a TTM revenue of $55.03 billion.
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That means GM will have to get the base price of an electric vehicle down to around $25,000 to be competitive in the ridesharing market. If it did that, General Motors could become the market leader based on fuel economy alone.
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The most interesting thing about the Bolt is its basic design: it can seat five, it has a lot of cargo space and the hatchback will make it is easy to load and unload. From that description, it sounds as if the Bolt is the first vehicle designed specifically for ride and car sharing.
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If it gets built, the Hyperloop could be very profitable, if railroad revenues are anything to go by: Union Pacific’s TTM revenue increased by nearly $2 billion between September 2013 and September 2014.
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Women’s shoes, especially dress shoes. Lots of women have closets stuffed full of shoes. At some point, most of them end up donating those shoes. If you’re willing to buy shoes a couple of years out of fashion or classic looks, you can find some bargains here.
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This makes LifeLock like an insurance company; the memberships give it float, a pool of cash it can access at any time for various purposes. Value investors know that Warren Buffett loves float; that’s one of the reason why he invests in things like insurance companies. They have lots and lots of float.
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