Estimated reading time: 18 minutes. Click here to read this in PDF Format. When Defense Misfires “Offense wins games. Defense wins championships.” This past quarter, much of my curiosity has been focused on the differences between offense and defense. Given…
Summary: We’ve had a lot of back & forth with our friends and investors about the VW diesel scandal and the implications for the auto industry. As it happens, we have an engineer that specializes in cooling and controlling NOx…
We’ve received a great counter thesis to our European auto investments, and we wanted to share the counter-view to the bull thesis on Renault and Fiat. To summarize: The industry has a history of poor economics and they are essentially…
Please click here to read the full report, for the speed readers, we’ve summarized our research in this one page. In a Nutshell: Throughout the European crisis, traders have ascribed a negative value to Renault’s underlying business, after backing out…