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 choice instance, not attempting to make statements in regards to the individual …. let’s not go there) for instance, bought Tesla going, however most specialists in driver help expertise suppose Tesla’s reliance on cameras (Musk’s choice) is improper; you want complementary expertise like radar.

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

That does not imply he’s not an entrepreneurial genius – Henry Ford didn’t invent the motor automotive. In any new business, 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. The truth is that is virtually the definition of an entrepreneur (the two Hollywood films about large tech – Steve Jobs & The Social Community (in regards to the founding of Fb) – each convey this very nicely).** Solely historical past will inform us whether or not xx Founder or yy CEO was a genius or a flash-in-the-pan (and actually, he could possibly 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 grew to become completely configured to satisfy that market want. Earlier than Amazon, it was in all probability the foremost logistics firm (or retailer from a logistics perspective) on the planet.

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 referred to 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 important level is {that a} forceful assured CEO shouldn’t 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 at all times get his/her way. I’d argue that twitter shouldn’t be benefiting from Musk’s entrepreneurial genius in the intervening time and I am beginning to surprise about a few of his Tesla selections.

However positive, the person has achieved loads.

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

I agree together with your characterisation of the CEO. When you learn biographies of nice entrepreneurs, they usually sound like deeply disagreeable folks. The rabid anti-semite Henry Ford actually was – whilst he took Communist cash to construct a manufacturing facility within the Soviet Union. The flicks 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 school with the equal of the Winklevoss twins), and of early stage expertise firms, 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 approach or the freeway, and also you’d higher hope they’ve picked the correct approach 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 venture. Additionally “unfinished enterprise” from Paypal and his concepts there. Additionally he has at all times been informal about securities legal guidelines, and so when he made a (half joking) provide, the courts held him to that – I believe he could not fairly consider it. He clearly paid 2x what it was value (the supporting debt has was junk on financial institution steadiness sheets).

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

In different phrases, most of the most profitable firms have a powerful chief on the high, but in addition a counterweight. Tim Prepare 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 firms and organisations. Satoshi Honda and his CEO (whose title escapes me) who guided the corporate from a maker of unreliable motorbikes into a worldwide energy based mostly on its engine expertise.

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