4.4 • 677 Ratings
🗓️ 17 January 2019
⏱️ 66 minutes
🧾️ Download transcript
It’s been a huge week for the auto industry, with developments rippling beyond Volkswagen’s $50 billion push into Tesla’s territory of electronic vehicles. Dan unpacks the decision by Audi, BMW, Mercedes, Volvo, jaguar, Land Rover, and Mini to boycott the Detroit Auto Show, and concludes it marks a permanent shift in the industry. “The way we buy everything is changing.”
And on the heels of a podcast episode that examined why Tesla is truly vulnerable to competitors, Dan breaks down Volkswagen’s decision to build an $800 million electric vehicle factory in Tennessee, part of its plan to pour $50 billion into electric vehicle production by 2023.
Then, with Eddie Lampert’s eleventh hour deal to save Sears finally on the books, Dan muses on the wave of creative destruction hitting retail right now – and the sector’s latest victim, poised to close 900 stores nationwide.
He then introduces this week’s podcast guest, Aaron Edelheit. Aaron is the CEO and Founder of Mindset Capital, a private investment firm. After being of their first investors, Aaron was also the Chief Strategy Officer of FLO Technologies and helped the company grow from a pre-revenue startup to raising $28 million and launching in over 500 Home Depot stores.
Aaron also founded and ran a successful money management firm, Sabre Value Management from 1998 to 2011. Released last year, his first book, The Hard Break: The Case for a 24/6 Lifestyle makes the case for taking one day a week off from work, email and smartphones for a more productive, healthier and more creative life.
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0:00.0 | Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the |
0:05.8 | Stansberry Investor Hour. |
0:11.3 | Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour. |
0:16.3 | Sign up for the free show archive at Investor Hour.com. |
0:19.8 | Here is your host, Dan Ferris. |
0:22.6 | Hey, everybody. |
0:23.4 | Welcome back to another episode of the Stansbury Investor Hour. |
0:27.1 | I'm your host, Dan Ferris. |
0:28.7 | I'm the editor of Extreme Value, |
0:30.9 | a value investing service published by Stansberry Research. |
0:34.7 | So let's get to it and see what's been happening lately in the world. Now, as you know, |
0:41.6 | we have been discussing these several weeks, a few topics that I would like to revisit. One of them |
0:49.3 | is the auto industry. I don't know if you remember, gosh, maybe six or eight podcasts ago, we talked about |
0:57.5 | how auto sales were off. And of course, you know, the auto industry is kind of a, it's an |
1:03.0 | economic bellwether. It's kind of something that you want to keep track of from the top |
1:06.8 | down. And this week, we see kind of a, the way that cars are being sold is changing. Just, |
1:17.1 | you know, the way everything is being sold is changing. And specifically what's happening is |
1:21.6 | every year in Detroit, every January, January in Detroit, if you could imagine, somebody |
1:26.3 | decided that was a good idea. |
1:28.4 | They have this thing called the North American International Auto Show, and all the big car companies, |
1:33.8 | all of them come every year and show off their latest model. |
1:37.7 | Well, this year, okay, here's the list. |
... |
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