We continue our blog series: Market Musings, Volume 2, Edition 22, giving our (hopefully not too random) thoughts on recent goings-on in the markets. Today, we present "The Internet Never Forgets: Tesla Edition". First, a quick stroll down memory lane...(see full video here). Gotta love that Elon bro, to wit: "A series of calls and the [$50 million] is there" "I mean, those are just a large number of Ben Franklins” "I do not fit the picture of a banker", etc. Now, back to reality (i.e., present day). Tesla CEO Elon Musk had a rather eventful last weekend, kicked off on Friday the 13th (an omen?) with a mysterious tweet about a cat: Then on Saturday news broke that Musk had been in bed with m
We continue our blog series: Market Musings, Volume 2, Edition 21, giving our (hopefully not too random) thoughts on recent goings-on in the markets. Today, we present "General Motors: Time for Activist Involvement". THE ILLNESS: PERSISTENT SHARE PRICE UNDERPERFORMANCE Common shares of General Motors (GM) (SEC filings here) have chronically underperformed the market since their November 2010 IPO, rising just ~16% plus dividends in almost 8 years versus the S&P 500 being up 130% plus dividends during same period, for a total underperformance of approximately 114% (the difference is even greater after dividends, or +155% for the S&P versus +33% for GM, since GM did not initiate a dividend unt
