Tesla under Elon Musk comes out with under $15,000 Tesla model 2

Every generation needs a revolution - an entrepreneurial revolution

This will give BYD and other Chinese and Korean EV a tough competition and run for their money.   This will enable Tesla to reach out to the mass market and recover lost market share.  The secret was giga casting:   reducing processes and cost 

Del Monte files for bankruptcy

Every generation needs a revolution - an entrepreneurial revolution

If my info is right, this is owned by Del Monte PHL whose boss is a scion of a pharma company.  The vice chair is a former classmate in college who is also the head of BGC.  We are lucky we dont own that big company to lose that big.  Although the Chapter 11 proceedings does not necessarily mean it is bad for that company (since this gives a lot of breathing room for the company to survive and save its cash flow.  We are lucky we are not in that situation, and not have lost that much

 We wish Del Monte well and may its managers and leadership survive this difficult situation.

But this post is aware that it is a bit of challenge to do business in USA.  Way back then, we engaged to have a business plan for food processing plant in CA to be purchased by frozen meat product company based in Region 3.  The study, for which we were not paid (Ugghhh) showed that costs especially labor would be untenable.

The conclusion that Halal foods to be exported to ME would be a better alternative

Real estate, a lousy investment? - Warren Buffet

Every generation needs a revolution - an entrepreneurial revolution

Do you agree with the guy?  He is in the top 20 wealthiest person in the world.

To some extent he is correct:

1.  Most people know exactly the pricing for real estate in the vicinity and some sectors are expert.  Unless you are a loan shark or "ilit" bank (bank that loves to foreclose way way below the market price) chances are there is not much of price advantage you can have.

Land and condos are valued at 6 numbers in MM, in the province it is typical to for raw land for 4 numbers

2. The tax angle.  At least in the PHL, buying and selling does not favor the investor because of stiff Capital Gains tax(8% Doc Sci included) and VAT of 12%. (for capital goods)   (We backed out of a deal then because 70% of the SP would just go to taxes.    BIR updates its zonal valuation frequently and sometimes their values are higher than actual transactions.   The govt is raking in with the CGT and VAT.   A condo in Cubao which is P12M at market, was being offered at steep discount of P7M.  However after computing for bank financing, HoA fees, commission, etc. the margins would be only single digit if we flip.   Hence the doomed condo situation in the PHL

Such situation of say 6 numbers price for land in MM say a 500 sm residential property being sold at P100M would be profitable for residential owner selling to a developer.  But maybe not to a developer or land banker.   

What do you think?  Lately we shied away from land development.  Especially on land sale approach.