It took Porsche almost 5 years to release their first fully electric sports car after their announcement back in 2015. Is it enough to take on Tesla? No, I don’t think so. It will mainly appeal to current Porsche owners who are looking to get a fully electric car.
Not a single day goes by without a new WeWork article, and after this weeks news that they are going to half their IPO valuation (still not enough) an analysis by Aswath Damodaran, NYU Finance Professor, and his process on valuing growth.
Don’t forget to check the links in the Further reading section.
Have a great week ahead!
Porsche vs Tesla
Last week Porsche released their new fully electric car, the Taycan. It was first unveiled at the 2015 Frankfurt Motor Show, does it have what it takes to take on Tesla?
More on WeWork, this time from Aswath Damodaran analysis on his blog and YouTube channel, interesting slides are slide 20 on growth and margin expectations (24min) and slide 23 (26min) The Runaway story.
Another week another S1 filling from a ‘Tech company’ that is looking to raise capital at a tech sector valuation for their upcoming IPO, is this just? Ben Thomson posted a great article on what a Tech company is.
Furthermore a deeper look into Argentina which once again is restructuring it’s debt, and lastly one of the best known investors, Michael Burry, on two of his long bet’s and his worries on passive investing.
Argentina’s has already defaulted 8th default times and twice in the last 20 years, this week President Mauricio started with a debt restructuring plan(Financial Times) It’s a pity to see a country which was once one of the world wealthiest struggle with corruption and poor governance from current and past governments.
What have Trump, Adam Neumann and Julius Caesar in common?
In this weekly Kaizen, we will firstly take a look at China from two different view points. The first is from Ray Dalio, discussing the Impact of China’s Growth on the World Economy in the second video Kyle Bass, a hedge fund manager, interviews Steve Bannon.
Great video on the final year of Caesar:
Before getting into WeWork, let’s look back into history to get a better understanding of the last year of Caesar, arguably one of the most accomplished humans in history.
So, what do I think of WeWork? My prediction is that in 20 years students will try to make sense of how, a heavily indebted real estate company, got valued at 26x revenue. Similar to how students currently look back on the Dot-Com bubble.