Over the last few months we have purchased Tesla (symbol TSLA) for a handful of clients. Given the fact that it is a start up company, competing with some very big players (GM, Ford, BMW, Toyota etc…), based on relatively new technology and run by a CEO who has never been in the car business, it is not for the faint of heart or for the risk adverse. With that said it has appreciated dramatically of late. Will that trend continue? Time will tell. In the interim, articles like this one (CLICK HERE) give us some insight into the company and the photos are nice too!
Archive for August, 2013
As someone who was born in 1961, I was too young to understand Martin Luther King’s “I Have a Dream Speech”. Since that time however, I have come to understand the Civil Rights Movement of the early 1960′s and the positive impact it has had on so many people, not the least of which is our current President of the United States. Even still, until today, I had never sat down and devoted the 17 minutes necessary to listen to the entire speech. When I finally did, it became clear to me what an amazing man Mr. King was and the debt of gratitude that we as Americans owe to him.
For those of you who, like me, that have never gotten around to listening to this great speech, I encourage you to take a moment, on this, its 50th anniversary to do so. It will remind you what a great nation we are and what we as a people are capable of accomplishing with words and without violence–something we should remind ourselves of regularly. For a link to the speech CLICK HERE.
For those who have studied European history, you know that the region has had its fair share of turmoil and discord over the centuries. This is why when the formation of the European Union was first being contemplated, the primary goal was not economic in nature but instead political. Those leaders understood that if the states could be bound by a common currency and other economic considerations, the likelyhood of conflict between them would be greatly diminished.
As the region has navigated its most recent crisis in confidence, nobody understood this more than Germanys leader Angela Merkel.
Although many despise her, I believe history will view her as the leader that was most influential in holding together a young and fragil union.
In the July 29th issue of Bloomberg Businessweek, Cameron Abadi gives us some insight into the challenges that Mrs. Merkel has faced and she negoiates the balance between her obligations to the European Union and to Germany. To view the article please CLICK HERE.