On Thursday, Volvo became the first manufacturer to offer a fully-electric heavy-duty truck. Richard Milne reports for Financial Times: Volvo Group is set to become the first manufacturer to offer a fully-electric heavy-duty truck for sale as the Swedish group aims to show battery power is possible for the biggest commercial vehicles. The world’s second-largest truckmaker announced on Thursday that electric heavy-duty trucks with a range of up to 300km would go on sale next year and enter production in 2022 as Volvo pushes for half its truck sales in Europe to be battery powered by the end … [Read more...]
Archives for November 2020
Will 5G Spur a Surge in Smartphone Sales?
Asa Fitch reports in The Wall Street Journal that chip makers are expecting a surge in smartphone sales as consumers purchase 5G phones. Fitch writes: Mobile-phone chip-making giant Qualcomm Inc. QCOM 12.64% expects a surge in smartphones sales next year as consumers flock to 5G-capable devices such as Apple Inc.’s new iPhone 12 that helped lift its latest results. Qualcomm, a leading supplier of the chips powering 5G equipment, is projecting shipments of 450 million to 550 million 5G smartphones in 2021, at least double the expected total this year. Handset sales were the big driver of … [Read more...]
When Isn’t Money Tight? Read More to Find Out
If you’re like most investors I speak with, you’ve put in your time. You’re in retirement or well along the road to planning for it. You’ve made sacrifices. You’ve put the kids through college or have saved enough to do so, and you feel like you’re over the hump. That’s a great feeling. It’s what you imagined that first time you sent a check in to invest. The idea that someday you’d be able to enjoy it. It’s a special moment. For many others, that moment may never come. That’s because, from my vantage point at least, investment advisers don’t spend enough time understanding why investors do … [Read more...]
Rich Man, Poor Man and the Greatest Generation
Happy Election Day. It’s nice to know one candidate isn’t in it for the money. Originally posted December 4, 2018. You may have read Rich Man, Poor Man—one of my favorite pieces ever written by the late great investment writer Richard Russell. It’s one of those timeless pieces that makes me feel like he’s still with us. And with the passing of President George H.W. Bush, I’m reminded of the sacrifices of the “Greatest Generation” and their unique perspective on life. You see, Richard Russell served in World War II, like President Bush, and knew what it felt like to worry about … [Read more...]
Trapped by Low Liquidity
Investors in private real estate funds are finding out what liquidity risk means. High redemption requests are forcing big real estate funds to delay redemptions. Peter Grant and Esther Fung report for the Wall Street Journal: Overall, more than 15 of the 25 open ended core funds tracked by the National Council of Real Estate Investment Fiduciaries have investors waiting to redeem tens of billions of dollars worth of investments, according to industry participants. The Council said it doesn’t tabulate redemptions. Those 25 funds had a total of $267.1 billion gross real-estate assets at the … [Read more...]
“Five Decades Later Writing to You from Old Town, Key West”-Dick Young
“Well, writing to you now, five decades later, from our outside kitchen/living space in the heart of Old Town, Key West, I can’t help but think how much water has gone under the bridge through the many decades,” wrote Dick Young to you in the June 2017 issue of Richard C. Young’s Intelligence Report. “But if you have been with me over the years, you are keenly aware that it is indeed the combination of dividends, compound interest, perspective and patience that frames the message I deliver to you month after month. I do not change course. You can count on it.” Dick Continues: My Decades … [Read more...]
Doubting the Dollar?
At the Financial Times, Michael Mackenzie explains the long term forces stacking up against the dollar. He writes: With alarm bells ringing across financial markets in recent days, the US dollar has found its footing, reflecting its haven status whenever equities and investor sentiment take a knock. But that may prove fleeting given the longer term forces stacking up against the world’s reserve currency. Since climbing to its best level since 2002 in the wake of the pandemic earlier this year, the Federal Reserve’s trade-weighted dollar index has been pressured by a combination of rising … [Read more...]
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