RE:EV DiscussionExperienced wrote: While I am a strong proponent of private enterprise and opposed to Government intervention, the fact of the matter is that like or not, Governments around the world have put their thumb on the scale in favour of EVs.
Investors that choose to ignore this fact do so at their risk in terms of their investment decisions. This is frankly a simple fact of life.
So to me as a pragmatic investor over the past 50+ years, I look at the situation and choose not fight "city hall". Similarly, companies have little choice but to make plans based on Government legislation. Sure, they may be able to lobby and make some changes or delay the inevitable by a few years. The end result of this is that billions of dollars will be spent by companies to meet these Government objectives and more importantly, find ways to do so in a more efficient manner than their competitors - this is the very basis of a capitalist society.
So as far as I am concerned the discussion here about the odd EV battery fire and higher insurance rates (for now) and the conclusion is that oil is the best place to put long term money is in oil is nothing less than foolhardy especilaly for those here that are much younger than me.
do u see an oxymoron?
So to me as a pragmatic investor over the past 50+ years, I look at the situation and choose not fight "city hall". Similarly, companies have little choice but to make plans based on Government legislation. Sure, they may be able to lobby and make some changes or delay the inevitable by a few years. The end result of this is that billions of dollars will be spent by companies to meet these Government objectives and more importantly, find ways to do so in a more efficient manner than their competitors - this is the very basis of a capitalist society. have anyone here got rich from investing in government subsidized solar and wind farm ventures? My investment thesis is to avoid companies or investment that need gov't cheese to kickoff or run their business because you are automatically picking losers. Experienced, with 50+ years of self proclaimed experience in investing, advises the otherwise. Government is anti fossil fuel, including natural gas but he owns NG/oil stocks but no EV stock. Base on his pragmatism, solar/wind farm, GM, stellantis, VW are great companies to invest in because they get special tax break, grants, bailouts but he doesn't own those either.