Dragons, Dinosaurs, and The People Selling Shovels
Not long ago, the Western car market was blissfully ignorant. Then, a Chinese juggernaut named BYD changed everything. They make their own batteries. They control the cost from dirt to driveway, giving them pricing power that leaves European executives sweating in their tailored suits.
Meanwhile, everyone forgets the old American stalwarts. Ford and General Motors are throwing billions at electric dreams. The market currently values them like rusting scrap. That scepticism could be entirely justified, or it could be a massive mispricing.
But here's my favourite trick. Stop looking at the badges on the bonnet. Look at the companies building the nervous systems underneath. Component suppliers make the bits that allow these rolling computers to function. They supply everyone. I think buying the people who sell the shovels during a gold rush might just be the smartest play, even if the gold itself proves illusory.