Im letzten März musste die amerikanische Notenbank plötzlich massiv in den Treasury Markt eingreifen. Milliarden an Bonds standen zum Verkauf, noch niemand wollte kaufen und das inmitten einer Finanzkrise. Wie war das möglich? Zu diesem Thema ist in den letzten Monaten viel diskutiert worden. Josh Galper von Finadium hat dazu…

German car industry is case study for disruption at play “You’re not good..You just know how to hide, how to lie.” This line from Scarface epitomizes the leadership of German car manufacturers. For years German car managers have been hiding and lying. Even now they still are . VW CEO…

There is no room for competition at almost any stage of the value chain Together with his technology chief Drew Baglino, Elon Musk presented a new technology roadmap at the Tesla Battery Day on September 22, 2020. It’s a pivotal moment for Tesla, the car industry and Wall Street. It’s…

Why our bet on Intel doesn’t work (yet)- there’s still a case Our podcast series “Not Even Wrong” follows our thinking on a daily basis. The purpose of the podcast is to give people a sense for what it feels like to run a hedge fund. We named it “Not…

Why we put on a large Intel Call position Recently we put on a large Intel upside call position. The details don’t matter but it’s suffice to say that if the stock doubles in the coming 18 months we will make a lot of money. Here is our reasoning. Intel…

A story about excesses and successes in US military spending Reading Skunk Works left me with mixed feelings. Throughout the book I constantly felt tension. On the one hand I am supposed to be impressed by Ben Riche’s memoir of his years at Lockheed Martin, where he witnessed some of…

Neither business nor science alone can drive disruption — it’s the combination Recently we’ve been thinking a lot about the progress of artificial intelligence. It’s kind of stalling. Or is it? While the business world keeps touting progress almost at a weekly rate, the scientific community is getting increasingly skeptical…

Self driving cars are developing in similar fashion like vertebrates evolved intelligence 380 Million years ago We are in the midst of the transition from analog to digital intelligence. This is one of those big transitions, like for example when vertebrates invaded land from water. Big transitions in evolution are…

We try to be right or wrong but we absolutely refuse to be not even wrong We recently launched the Not Even Wrong Podcast. The purpose of the podcast is to give people a feel for what’s it’s like to run a hedge fund. We share current discussions and thoughts…