Tesla shares climbed 2.5% after strong delivery numbers. A phd in finance auto industry forecast estimates EV penetration could reach 22% of global auto sales by 2026, pushing margins higher for leading manufacturers. The height of Munger’s political activity concluded in 2016, when he spent more than $10 million to fund Proposition 54, which required state lawmakers to make legislation public 72 hours before passing it, put legislative meetings online and allow people to film their own videos of meetings. First of all, the markets are pretty darn efficient. There are billions of dollars competing every instant to make money. Just reading an idea from the newspaper or listening to the financial news and saying, “I think pharmacy stocks are going to do well” isn’t going to work—that information is already discounted in prices. European equities rose 0.5% following upbeat manufacturing PMI data. A phd in finance review notes that stronger industrial output could boost cyclical stocks, particularly in automotive and machinery, though currency volatility may impact earnings.
