- The Rollup
- Rollup #92
The Tesla network effect
The main story 📰
VW, Audi and Porsche have all said that they’re going to adopt Tesla’s charging standard for electric vehicles. While I’m not too keen on EVs myself, I think this is a great decision. There should absolutely be one standard for all chargers.
Many other auto manufacturers are also using Tesla’s charging network, which makes me think about how much this could all be worth for the world’s most controversial EV company.
Noteworthy quote ✒️
This Rollup is sponsored by 💡
New year, new investment strategies
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Worth checking out 🔍
Why hedge funds are packing up and leaving VC.
China has overtaken Japan as the world’s largest auto exporter.
Fidelity marks down X valuation by 71.5%.
The strange brain of the world’s greatest solo climber.
25 best animal photographs of the year, from the Smithsonian.
The top 3 US-China tech stories.
Why the recent jobs data wasn’t as good as it appears at first glance.
The SEC’s X account was hacked because they didn’t use 2FA.
LG made a transparent OLED TV that looks pretty interesting and absolutely useless. Cool!
Noteworthy Chart 🧭
Best articles 📖
The Soda Ash Business - Everything you’ve ever wanted to know about soda ash. That includes why it’s a billion dollar commodity, what it’s used for, and how you can invest in the sector. Soda ash isn’t sexy, but a well-placed investment could return handsome dividends.
Should Your Portfolio Be 100% U.S. Stocks? - Great post from Nick Maggiulli and the title says it all. Does it make sense to invest in foreign markets, or should you just stick to the US?
Moving Away from Money Market Funds - Interesting article from Lykeion about liquidity. According to their research, in conjunction with Michael Howell’s Crossborder Capital, the liquidity cycle is set to expand until 2025. Their research indicates that this could be a very good year for stocks and other assets like crypto.
Noteworthy Tweet 🪶
Known As Britain’s Warren Buffett
His investment strategy brought Fundsmith $44 billion in assets.
With a personal wealth reportedly over $1 billion.
This is the story of Terry Smith & Fundsmith:
— Value Theory (@ValueInvestorAc)
Jan 2, 2024
Best of YouTube 🎬
State of Global Freight, China's Impact, & Strategy for Buying Media Companies
Watch this if you want to get bullish on America. Although we’ve made many mistakes, we still have tremendous advantages that other countries can only dream of.
Access to two oceans!
We grow our own food
We have the potential to be energy independent
We are not bordered by any hostile nations
My favorite off topic video 🍿
One of the funniest three minute videos on the internet. Jeremy Clarkson of Top Gear reviews the worst car in the world…
What else to read (sponsored) 📕
Your daily 3-minute read with an amusing angle on business and the stock market. Get a quick and easy summary of the day’s top financial stories with a free subscription to Stock Market Rundown. See if it’s a good fit for your inbox.
Best AI image 🏆
👋 As a change of pace, I recently turned one of my most popular Substack articles into a YouTube video. This is a clip about Peter Turchin’s book “End Times” and the overproduction of elites in America 👇
I’m going to release a new video every week, since I already have dozens of articles that I can convert into scripts.