Enjoyable Cash - Subsequent NVDA?

TN_Boy wrote: ↑Wed Aug 28, 2024 11:51 am

Valuethinker wrote: ↑Wed Aug 28, 2024 10:46 am

TN_Boy wrote: ↑Wed Aug 28, 2024 8:43 am
Musk (I am giving a call instance, not making an attempt to make statements in regards to the individual …. let’s not go there) for instance, received Tesla going, however most specialists in driver help know-how assume Tesla’s reliance on cameras (Musk’s choice) is flawed; you want complementary know-how like radar.

To be clear, Musk did not discovered Tesla. He was an early stage investor, who then took over operating the corporate and compelled the Founders out.

That does not imply he isn’t an entrepreneurial genius – Henry Ford didn’t invent the motor automobile. In any new trade, you get these individuals who grasp the broader significance of what a change within the technological paradigm means, and drive that with relentless focus and power. In reality that is virtually the definition of an entrepreneur (the two Hollywood films about massive tech – Steve Jobs & The Social Community (in regards to the founding of Fb) – each convey this very effectively).** Solely historical past will inform us whether or not xx Founder or yy CEO was a genius or a flash-in-the-pan (and in reality, he might be each).

However simply to have the historic file clear.

** Sam Walton at WalMart was one other. Noticed a market opening and the corporate tradition and processes turned completely configured to fulfill that market want. Earlier than Amazon, it was most likely the foremost logistics firm (or retailer from a logistics perspective) on the earth.

Thanks for the correction on the small print … although (I needed to look it up) apparently a lawsuit settlement in 2009 allowed Musk to be known as one of many co-founders. Which I suppose is why the Tesla web site explicitly lists him as one of many co-founders.

I didn’t know that, thanks.

My primary level is {that a} forceful assured CEO will not be essentially proper on a regular basis. A dominating CEO is nice when their selections are “right” not as nice when their selections are extra questionable and the CEO can all the time get his/her way. I might argue that twitter will not be benefiting from Musk’s entrepreneurial genius for the time being and I am beginning to marvel about a few of his Tesla selections.

However positive, the person has achieved rather a lot.

He is positively manic. And had 12 or so kids whereas he was doing it .

I agree along with your characterisation of the CEO. When you learn biographies of nice entrepreneurs, they typically sound like deeply disagreeable individuals. The rabid anti-semite Henry Ford actually was – whilst he took Communist cash to construct a manufacturing unit within the Soviet Union. The films about Steve Jobs and about Fb’s Zuckerberg are superb dramatisations of that.

(The Social Community, within the depictions of the social stratification of faculty life (I went to varsity with the equal of the Winklevoss twins), and of early stage know-how corporations, gave me virtually PTSD — I had a whole lot of vivid goals about that movie).

When there’s a Larry Ellison/ Steve Jobs/ Steve Balmer/ Mark Zuckerberg/ Elon Musk in cost, it’s their means or the freeway, and also you’d higher hope they’ve picked the precise means ahead. (Michael Bloomberg additionally, and I do know extra about that organisation; or Jamie Dimon).

Re Twitter we’re on a web page. I believe he purchased it extra as a platform for his views than as an entrepreneurial undertaking. Additionally “unfinished enterprise” from Paypal and his concepts there. Additionally he has all the time been informal about securities legal guidelines, and so when he made a (half joking) supply, the courts held him to that – I believe he could not fairly imagine it. He clearly paid 2x what it was value (the supporting debt has changed into junk on financial institution stability sheets).

Tesla I didn’t anticipate its success. I and I see a *lot* of Teslas (right here in London UK). I overestimated the flexibility of the incumbent automobile producers to create aggressive merchandise. So Musk was proper, I used to be flawed. However, his claims for autonomous automobile functionality are downright harmful for my part, and typical of his tendency to overpromise.

In different phrases, most of the most profitable corporations have a powerful chief on the prime, but in addition a counterweight. Tim Cook dinner to Steve Jobs (additionally Lina Hoffman). Balmer and Gates (and issues went south when Gates took a again seat). Varied unheralded COOs of many corporations and organisations. Satoshi Honda and his CEO (whose title escapes me) who guided the corporate from a maker of unreliable motorbikes into a world energy based mostly on its engine know-how.

However the place it goes from right here is tough. The Chinese language EV makers are able to eat the world. Tariffs might block that, however they are going to discover methods to supply their vehicles regionally in these markets.