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mnemonic link here http://urlet.com/will.literacy
Tesla Motors. The big news last week was a multibillion dollar mega battery factory to be built “somewhere in the southwest” by Tesla motors, on still to be borrowed funds. The big leap is that this factory will produce little batteries just like the ones we have now, but it will produce “billions” of them for battery packs for the 35,000 cars Tesla thinks it will sell the next few years. The idea is floated that utilities will buy these batteries by the billions to store off peak power, or that individual consumer adoption will destroy the profitability of the grid and thus the big power producers. Want to bet on these? You can.
Bitcoin. Well I did a post here a year or two ago about bitcoin, a cool digital currency. I still think its a cool digital currency. I even think bitcoin or something like it has a future, I would use bitcoin or some digital currency if it were convenient for everyday purchases. I probably would not store my savings in bitcoin. I would use bitcoin as a tool. Back when I posted the article a bitcoin cost $7.00, while I guess just recently it was trading for over $700.00? Really, a 100 times increase in value in a year? Lets remember that bitcoin is cool but its also a fiat currency. No reason for wild variations in price, its backed by trust in pixels.
and there’s this:
“One of the world’s most respected investors has raised the alarm over a looming asset price bubble, calling out “nosebleed valuations” in technology shares like Netflix and Tesla Motors and warning of the potential for a brutal correction across financial markets.
Seth Klarman, the publicity shy head of the $27 billion Baupost Group whose investment opinions have attracted a near cult-like following, said that investors were underplaying risk and were not prepared for an end to central banks reversing a five-year experiment in ultra-loose money.”