More on GM’s Investment in Its New V-8
Here’s a little hate mail on my recent post: General Motors Building a New V-8 Engine:
At least someone in that company has the brains to build what the public wants not electric motors shoved up our butts.
There is more public than just you. That’s why they build both.
95 percent wants gas and diesel. The other 5 percent wants a overpriced electric inferior vehicle.
Well, I still wonder why an investment in companies that make paper clips or steer manure realized 20X more appreciation than General Motors over the last 58 years. I think my grandfather gave me 10 shares of GM @$32, costing him $320. If my portfolio were completely composed of GM, I’d by living in a tent.
I would also point out that far more than 95% of Americans favored horses and carriages over automobiles when the car was first introduced around the turn of the 20th Century. And that was before there were externalities like baking our planet and killing our children over wars fought for access to oil.
