This week, I read through the most recent investment commentary from Orbis Investment Management. Orbis is a top-notch firm. Founded in 1989, Orbis’ flagship fund has beaten the market by 4.4% annually since inception. That’s a massive level of outperformance… For perspective, a $10,000 investment that earns 14.4% for 30 years turns into $732,798. Meanwhile, … Read More
Banks in Europe are doing the unthinkable… They’re turning away large cash deposits. I’m not kidding… Deutsche Bank, one of Germany’s top lenders, is effectively turning away many deposits of 100,000 euros or more. And if it does accept your deposit, then it will charge you a 0.5% annual fee to keep your money in … Read More
Segment leaders such as Tesla Inc (TSLA), Nio Inc (NIO), and Xpeng Inc (XPEV) may have made their mark on the Chinese consumer, but low-priced EVs are enjoying the mass appeal in the East Asian country. Huge Customer Base EVs, such as a $10,000 crossover vehicle made by Hozon Auto, are attracting customers due to … Read More