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 concerning the individual …. let’s not go there) for instance, obtained Tesla going, however most consultants in driver help know-how suppose Tesla’s reliance on cameras (Musk’s determination) is mistaken; 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 actual fact that is virtually the definition of an entrepreneur (the two Hollywood films about large tech – Steve Jobs & The Social Community (concerning 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 may very well 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 fulfill that market want. Earlier than Amazon, it was most likely 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 assume 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 is just not 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’d argue that twitter is just not benefiting from Musk’s entrepreneurial genius for the time being and I am beginning to marvel about a few of his Tesla selections.

However certain, the person has achieved quite a bit.

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

I agree along with your characterisation of the CEO. For those who learn biographies of nice entrepreneurs, they typically sound like deeply disagreeable individuals. The rabid anti-semite Henry Ford definitely was – at the same time as he took Communist cash to construct a manufacturing facility within the Soviet Union. The films about Steve Jobs and about Fb’s Zuckerberg are excellent 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 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 manner or the freeway, and also you’d higher hope they’ve picked the suitable manner ahead. (Michael Bloomberg additionally, and I do know extra about that organisation; or Jamie Dimon).

Re Twitter we’re on a web page. I feel 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 all the time been informal about securities legal guidelines, and so when he made a (half joking) provide, the courts held him to that – I feel he could not fairly imagine it. He clearly paid 2x what it was value (the supporting debt has became 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 flexibility of the incumbent automobile producers to create aggressive merchandise. So Musk was proper, I used to be mistaken. Alternatively, his claims for autonomous automobile functionality are downright harmful for my part, and typical of his tendency to overpromise.

In different phrases, lots of the most profitable corporations have a robust chief on the high, but additionally 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 corporations and organisations. Satoshi Honda and his CEO (whose identify escapes me) who guided the corporate from a maker of unreliable motorbikes into a worldwide 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’ll discover methods to supply their vehicles domestically in these markets.