I'm really not quite sure you understand. You can do all the research you want. Statistically, your chances of beating the market over the long-term are still nearly zero.
So you are saying then that if he invested mostly in the broad market, say an S&P index, but also made a few individual investments like TSLA that he did not beat the market? There are many people who have done this and beat the market long term. Betting on future tech economy is not the same as random guessing.
That would be correct, average performance plus below average performance averages out to... below average performance. The number of retail traders who have had their individual investments outperform the indices over the long-term is so small as to be statistically insignificant. Conversely, nobody who makes a few good plays ever stops while they're ahead - they convince themselves it was due to skill and keep playing darts with their stock picks. "Betting on a future tech economy" is one of the most uninformed investment plays you can make. You have no more information than any other market participant. Everyone knows tech is the future, it's priced in - hence the ridiculous valuations in the tech sector. Like I said earlier, at current P/E ratios you're paying for the expectation that Tesla's earnings will increase by a factor of 30x or so in the future.
True - on average. However, statistically on an individual level, it is hard to prove or disprove retail investors who have outperformed the market had some edge. Among an average of retail investors an edge is not seen. But this neither proves nor disproves some who outperform long term did so from luck or skill just as those who underperform long term did so from bad luck or skills below picking something at random. It only tells us about the average of retail investors. Completely false. I pick very few stocks. I can count them on two fingers for the last 20 years. AAPL and TSLA. The rest of our investments are very boring items such as S&P indices in our maxed out retirement accounts. This strategy may not be average or usual, but there are others. We have consistently maxed out our 401k, Roth IRA, back-door Roth IRA, and Mega Roth IRA every year available. As such, while we invested at least an order of magnitude into S&P indices as we did with AAPL and TSLA, their current values are the same. But according to you that means we have been lying about this the last 20 years we have been saying we've done exactly this - a large part of that history in this very forum. Simply false. Every market participant has an asymmetric level of information. Some blindly pick, others study for years.
True, but a few times each decade there is a company that breaks the rules, has an innovative leader and has an "overpriced" stock for many many years Going back a ways (1990s) Microsoft, Intel, Dell and then Google, Amazon, Netflix, Apple, Facebook to name a few ... and now Tesla. If you missed them all it would be very difficult to for a money manager to beat the index with a portfolio of any size. Most all of those stocks were "too expensive" for many years. Mike
Tesla goal is to be number one and will hate the fact that in Europe they will fall behind other Legacy companies. It’s already happening in sale numbers. Then you got China whose sales are not as high as expected.
Funny. What are the top people at the legacy car makers doing about it? Mercedes-Benz manufacturing exec moves to Tesla, enrages union over 'treason' Reports from German media have noted that one of Mercedes-Benz’s key manufacturing executives, Rene Reif, has defected to American electric car maker Tesla, which is currently in the process of building its first domestic factory in Germany. Needless to say, workers’ union IG Metall was not happy about the executive’s alleged “betrayal.” Mike
Rob Maurer covered Tesla recruiting of college graduates only to find Tesla and SpaceX are at the top of USA students. In contrast, outside of the USA, they don't even rate: Given a combination of recent xenophobia, unlimited gun violence, and poor public health practices, it is a wonder any non-USA college graduate would want to come to the USA. Opportunity is great but death is not. Bob Wilson
What does offering more money to one individual have to do with BEV future for Mercedes Benz. He worked in the Engine manufacturing plant.
Read the details. Working at Daimler is a point of pride in Germany. The union considers moving to Tesla treason. Yet he's doing it anyway. An avalanche starts with one small movement. Mike
This has nothing to do with Tesla or Toyota. It’s what best for this man financially and for his family. Mercedes is starting to focus of BEV and FCEV which will eliminate jobs at his metal factory.
Interesting assumption. I believe the engine factory is not laying off people because of Mercedes future focus on EVs. That would make little sense as the focus hasn’t shifted yet. Rather, I would suggest the loss of thousands of jobs is due to sales declines Mercedes is facing. Both due to COVID and the competition from BEVs.
Well according to a new study of new young car buyers. BEV or and EV is of little interest to them, however, Hybrids and ICE’s are on their list to own. BTW these are folks who have never owned a vehicle and would rather not. But are being forced into due to Covid fears. “71% of non-car owners currently seeking a new car are looking to buy a gasoline or diesel model, with just 6% looking to purchase a purely electric vehicle and 23% looking to buy a hybrid,” the report said.
Mercedes is having a great year in sales in one of their most important markets - USA. Considering the pandemic we are in.
You do realize this data says the opposite. Come back and tell us what percent of new vehicle sales are currently “purely electric vehicles”, then you have to acknowledge that going to 6% represents a significant increase in BEV sales.
