Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The Rabid Capitalist noted that the speculation surrounding electric vehicles had created a valuation environment that was detached from reality (see https://therabidcapitalist.com/2023/09/21/it-is-not-easy-being-green/). The reality has finally caught up with the industry’s investment prospects. Investors’ expectations have been reset in a predictable but brutal process.
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