Invest at your own risk; this is not financial advice! This is not a recommendation to buy or sell any securities discussed in the article.
I hope you are having a fantastic week and you are looking forward to learning something!
In case you want to re-read the previous weekly notes, here is the link
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Since the last weekly post, I have published my update on the super investors. Please read it to learn about the changes the very best investors made in their portfolios in the last quarter.
I have also published my take on the Q3 earnings of Axcelis. You will find it here.
Without further ado, let’s start:
Volkswagen is considering closing 3 plants. This has never happened and shows the tough situation most Western car manufacturers are in: Rising costs through salary increases while the cost for technical innovation also skyrocket. At the same time they get their lunch eaten by cheaper and quite often better Chinese EVs. $NIO $BYD This affects sales mainly in China (keep in mind that Mercedes sells more than 1/3 of its cars there) and will also affect sales in the EU and the US. This can get ugly. Germany highly depends on its car manufactures as a main driver for the overall industry. Expect more bad news to come from $MBG.DE
Distribution matters
Three words: Start a business
The myth of Ferrari was in part created by these two legends. The 288 GTO and the F40. $RACE If you haven't seen them in real life, it is time to do so. If I could choose any car, these two would be amongst the final candidates. Which car is it for you?
Bitcoind Art
https://x.com/41investments/status/1849900356043669630
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Invest at your own risk, this is not financial advice! This is not a recommendation to buy or sell any securities discussed in the article.
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