“Volvo’s unique advantage is that its two home markets — Sweden and China — are among the countries with the most generous government incentives, even though both have cut them slightly in recent months.” —Leonid Bershidsky Over the next ten years, the automobile industry will face profound changes. These changes will have a massive ripple […]
Yesterday Bloomberg reported that for the first time Apple is giving meaningful details regarding its foray into the burgeoning autonomous vehicle market. The article is posted below. Bloomberg June 13, 2017: After years toiling away in secret on a car project, Apple Inc. Chief Executive Officer Tim Cook has for the first time elaborated on […]
“A meteor is coming to the real estate industry that will fundamentally alter the location, value, and form of every real estate asset class.” -Brendan Wallace, Fifth Wall Last week I attended the annual Angelo Gordon investor conference. My firm, Hollow Brook Wealth Management, has been investors with Angelo Gordon for well over a decade. Each […]
“It’s still the same things that are killing drivers — belts, booze, and speed,” —Jonathan Adkins, executive director of the Governors Highway Safety Association This morning Intel (NASDAQ: INTC) agreed to purchase Israel’s Mobileye NV for about $15 billion. This is a major development in the advancement toward self-driving cars. This acquisition represents a seismic shift […]
Above photo courtesy of RM Sotheby’s. “Dealing with less cars means you can deal with more important cars and do a better job of them.” -Max Girardo Turtle Garage recently sat down with Max Girardo for an exclusive interview. Max is a passionate car expert who has achieved iconic status in the collector car universe. Much […]
Is innovation and technology driving us toward the Level 5 driverless car faster than we (or the market) thinks? This week Tesla Motors (NYSE; TSLA) announced that the Company will now equip all new Tesla vehicles with hardware that could eventually enable full self-driving capabilities. Tesla CEO Elon Musk stated that before 2018 a Tesla will be […]
This week’s Economist has a thought provoking article on Uber. I distinctly remember my first Uber experience in October of 2012. Ordering a black car on my iPhone evoked the same feeling I had back in early 1997 when I ordered my first book on Amazon, Both of these experiences were similar “ah-ha” moments. Suddenly, something as tedious […]
GMO is a leading global investment management firm that is based in Boston. The firm is renowned for its steadfast beliefs and time-tested investment processes. GMO’s Chief Investment Strategist and co-founder Jeremy Grantham is known for his strong views on climate change and his mantra that one must always “cry over spilled milk.” My firm, Hollow Brook Wealth […]
Philip Richter is President and co-founder of New-York-City-based Hollow Brook Wealth Management, LLC. The Turtle Garage Blog, he says, is dedicated to his "love of excessive personal transportation."
