Note: This post was originally published on Patreon on 6 June 2018
I am using Tesla as an example here more than anything. I am not about to delve into Tesla's loss-making operations and make a case against the stock specifically. But I do want to highlight the 'bubble' that Tesla represents and what it means regarding excess consumption and investment.
Electric scooter companies worth $1 billion
A recent article at Bloomberg sparked this post. The Bloomberg piece is called, "Scooters Are Cool, But Not $1 Billion Cool" and here's the narrative I want to hone in on.
I've always had an interest in electric scooters. I started researching them in 2002, when I had to walk from the Port Authority Bus Terminal in New York at the corner of 42nd Street and 8th Avenue to my job at Lehman Brothers ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.