The reason that many of us expect inflation is because adding a great deal of cash to the economy has a history of causing rampant inflation. But these are different times indeed, and if we are wrong about the impending inflation that would be very good. So thank You for giving us an explanation of why the results could be different this time.

Interesting article. My perception is that Tesla's rise is a testimony to Elon Musk's salesmanship skills. There are folks who are that good, and a few of them may also be honest, I suppose. One thing that is certainly going to smash the bubble flat will be the actual roll-out of computer driven cars, when the reality of "buggy" computer code raises it's very ugly head. The fact is that there certainly will need to be frequent "updates", and that they will be serious safety issues on the level with brake system recalls in importance.

The fact is that the adequate verification of the driving software would be so expensive and time consuming that it will never happen,.That will be the show-stopper.

Thanks for the interesting insights about value and price. I would add my thinking that value relates to how much of my earning efforts I would trade for something. Of course that makes my determination of value very personal, and so it may not be relevant to some others, and certainly not to those who do not expend earning efforts to achieve income. Those folks are just plain "different", not that I am judging them, or condemning them, only pointing out that they are different. And certainly Bitcoin is a speculative creation, claiming to offer security by means of Blockchain technology, while mostly providing security and obscurity for financial transfers that seek to be hidden. But a skilled salesperson can sell to those with funds to buy, no matter what the product.

Thanks for an interesting and educational article.

I love that Carlie Munger quote!

The rest of the article is very interesting and educational, although I am not sure what effect it has on me,.

Thanks for a string of useful and educational insights.

Certainly an interesting article! And the folks at Apple really need to understand that there is a whole lot more to a car than the drive system. Those pesky details about handling and comfort and consumer appeal in general can be show-stoppers.

As for the battery aspect of EVs, there is another side, which is charge power availability. If the perfect battery were available cheap today there would still be a huge limit on how many folks could recharge, because every bit of that power has to come from some source and pass through the power grid, which was never adequate for that much capability.

And certainly most folks do not want a computer driven car, because most folks do not hate to drive, and most folks do not have those accidents that the touts are constantly raving about. In addition, there is the whole software issue, because nobody would be willing to own a vehicle that required weekly updates to fix bugs that should never have been present. A car is not like an operating system, where crashes are fixed by a press of the reset button. The dollar cost of adequately validated code will keep the safe computer driven car off the market for many decades.

Great Graphics in the video, but the value to me and many others would have been much greater if the presentation had been in a text format. The video presentation rushes past and parts worthy of re-reading zip by and are gone, unless one very deliberately backtracks. With a presentation worth watching there are many useful insights that need to be reviewed a few times to fully absorb the benefit. But they are passed in a flash in a video.

So I am asking all that if you have worthwhile insights and information to share, please share it in a textual format so that it can be consumed more completely.

Once again a healthy collection of information and insights

Thanks fir the large collection of information and insights, Just what UI needed!!