This is a joke!, page-120

I thought about this whole EV revolution momentum and isn't it strange that the pioneering spirit of innovative governmental policy shift started with the Chinese national govt. They instigated the aspiration of quickening the EV adoption locally in China and not the developed nations with a very well established ICE manufacturing base. The Americans, Germans, English, Europeans, then came the Japanese followed by the Koreans. Each started at the bottom of the food chain and progressively moved up the quality/reputational goodwill branding but I remember it took Korean Hyundai about 30 years to develop that reputation and quality. China is just trying to fast track their progression to a stage where they can compete with those at the top.

EV brings an equal level playing field for them with almost immediate effect. Being the largest car market in the world sure helps to fulfill this EV revolution. It kills a lot of 'birds' with a single stone from manufacturing competition and pollution just to name a few without discussing the petro Yuan 'lets move away from USD dependence' and 'we at the mercy of the oil producers' since they are the biggest importer of oil in the world.

Throw in a President who have now fulfilled the mandate to stay in power through a voted constitutional change, I am seeing all the signs of the EV revolution being more than just a potential because there is the staying power at the top to drive this long term goal. Trump is a sitting duck with their democratic process of governing and the Chinese knows it hence their carefully crafted tariff responses aiming predominantly at the Republican heartland as a warning that 2 can play this game now. If this was happening 10-15 years ago then obviously the Chinese would be punching with a small fist through an unhealthy boxer.

Along this journey like anything in life whether health, politics or investing, nothing moves up or down in a straight line. IF you are lucky enough to pick a company with staying power weathering all the ups and down through direct or macro noises like present, the journey will be satisfying at the destination when reviewing that journey.

I remember during the 2010-2011 massive rally in gold price and I just saw all those new breeds of gold producers seemingly climbing blue sky. It wasn't so much envy but not clever enough to be forward thinking in anticipating such a move. Hindsight always makes the one who miss the run rather stupid. Fast forward to now and you see those fallen angels with majority of valuation wiped out for many years. Could anyone have predicted gold price can have a 50% haircut from the euphoric days? After all it is gold, the most expensive commodity by weight excluding diamonds. The same thing happened with AGO/BCI, wiped out literally the latter gone from a dividend paying (high yield too) to a speculative no cash flow. The former is just surviving on its Li potential. I bet you at the height those LT holders thought it was a given that their SP would continue to head north just like FMG?

Here is my rant for the current breed of holders in this 'matured' bull market in general but good luck to those holding. I never know where price is going especially when I am at my most bullish sentiment.