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  • Hancock's job at AIG very different than predecessors [View news story]
    Would have preferred an experienced insurance professional to a banker. It has taken Wells Fargo decades to understand the insurance business, at least from the brokerage side. Banking and insurance are not the same, so I'm neutral on this promotion.
    Jun 23 03:16 PM | Likes Like |Link to Comment
  • A New Chapter For AIG [View article]
    AIG is a "can't miss" proposition. My only concern is that Hank Greenberg was very knowledgeable regarding insurance and Peter Hancock isn't. No manager could buffalo Hank but it will be interesting to see if the same is true under the next regime.
    Jun 20 02:11 PM | 3 Likes Like |Link to Comment
  • Increasing Hum Poses Problems For Tesla [View article]
    This is an interesting discussion. I have a 2012 with 25,000 miles. The car has had its share of issues, sunroof creak, tires replaced early since it's a P85.
    Regarding the "hum", I'm very tuned-in to such things and, at about 15,000, had Service look at it and listen with the result they replaced the unit that was producing the hum. However, there was also tire whine and, once rotated, that disappeared.
    I've had other problems that were always understood and fixed by Tesla. I tend to think that most of these have been dealt with in the cars they are now producing.
    Love the car and I think with all the climate changes and such, we are at a "tipping point" where people will realize we are poisoning ourselves with ICE and electric cars will become dominant.
    Whether Tesla will be the major producer is unlikely, but, in the big picture, the important issue is to stop filling the air with noxious gases.
    By the way, I'm #515 on the Model X waiting list.
    May 19 02:05 PM | 6 Likes Like |Link to Comment
  • Desperate times at American Apparel [View news story]
    It's really too bad since they have a very fine array of products, nice well-located stores but are failing. I really think the founder's public image has hurt the sales more than anyone expected. Just my opinion, but what else can you note?
    Mar 25 04:11 PM | 2 Likes Like |Link to Comment
  • Tesla now +3.2% AH. Gigafactory aims to supply 500K vehicles. [View news story]
    Since Elon Musk has a tendency to under-promise, it will probably cut the battery cost by 50% and make a number of lower cost EVs possible.
    Feb 26 05:12 PM | 17 Likes Like |Link to Comment
  • American Apparel: This Wart Looks So Perfect [View article]
    Frankly, I think their products are excellent. I'm still wearing shirts I bought many years ago. They have a wide range from socks to caps and everything in between. The stores that I have seen are attractive. As a stockholder, I continue to be surprised they don't do better considering they are a pure USA company, good quality although a bit more expensive than Old Navy goods made by overworked and underpaid Third World workers.
    Feb 26 03:24 PM | 3 Likes Like |Link to Comment
  • Tesla Motors tears higher as guidance supports growth story [View news story]
    Give Elon Musk a standing ovation. Worry about the "Big Three" and the foreign auto makers who are facing tremendous competition just ramping-up around the world. Marvel at the sales trajectory in Beijing and soon around China. Applaud Tesla's integrity in pricing a highly demanded product the same in every market. Cry because I bought too few shares and sold twice too low. Smile because I'm about to go over 19,000 miles in my Model S.
    Feb 19 04:27 PM | 16 Likes Like |Link to Comment
  • AIG Performance Review [View article]
    In the P&C sector, there are hard markets and soft markets which refers to pricing and availability of insurance capacity. Being down in premium in a soft market is a good thing because it often signifies underwriting losses. Where AIG shines is in a hard market where their capacity and underwriting acumen shine. If they have smart leadership they will know the difference and act accordingly. This is not true of the Life sector where you always want to see them increasing revenue, which they did.
    Feb 17 03:51 PM | 1 Like Like |Link to Comment
  • Tesla: 2 Events Pave The Way Closer To $500 Per Share [View article]
    When we visit Beverly Hills, we always eat lunch at the same in-expensive cafe on Santa Monica Blvd. near Rodeo Drive. Because there are very cool cars around, I subconsciously count the special ones. In mid-January I counted 4 Rolls Royce, 6 Bentley, 4 Ferrari and 8 Tesla. We returned about 2 weeks later and the count was 1 Rolls, 4 Bentley and 6 Tesla; didn't see a Ferrari. What does this mean? Nothing really, but thought it was interesting the penetration this car is getting in that market. By the way, tons of Mercedes and Porsche but they have lost there "cool" factor to Tesla, in my opinion. All of this push and pull about how many are sold, battery constraint etc. is way less important than "do people want to drive these cars?" They sure seem to in the high-rent district which many people aspire to reach.
    Feb 9 11:36 PM | 3 Likes Like |Link to Comment
  • New Models From Honda And Audi Will Consign Tesla And Its Superchargers To A Smaller Niche [View article]
    Articles like this completely miss the key issues: most people hate going into gas stations, most people want fast cars, most people want beautiful cars, most people want to spare the environment, most owners feel good after getting free power at a supercharger, most people want to be in a very crash-safe car and most people will feel smug and confident when always getting into a car that is fully powered. Tesla has done that! If others do the same then it's a beneficial competitive environment for "most people". Posting diesel or hybrid cars as competition misses the point.
    Feb 1 01:33 PM | 16 Likes Like |Link to Comment
  • Looking Beyond Tesla As An Auto Company [View article]
    "First they ignore you, then they laugh at you, then they fight you, then you win." - Mahatma Gandhi

    Tesla is moving to Phase 4
    Jan 17 08:42 PM | 6 Likes Like |Link to Comment
  • Elon Musk vs. the NHTSA: The battle that Tesla doesn't want [View news story]
    "First they ignore you, then they laugh at you, then they fight you, then you win." - Mahatma Gandhi

    The first three have happened and it's moving to the logical conclusion.
    Jan 17 08:41 PM | 4 Likes Like |Link to Comment
  • Tesla Motors upgrades wall chargers [View news story]
    I'm not wild about this solution. The software fix caused my charging unit to send a default message and slow the charging process. I did a reset and it's been fine since.

    I'd hate to have it shutdown at some low trigger level. If it does, then the car should notify the owner via the app that it has happened. Otherwise, you could believe you have a full-charge and arrive to discover that it had turned-off.

    Obviously we are all in favor of safety, but it seems like they are trying to solve a problem that doesn't exist.
    Jan 10 02:10 PM | Likes Like |Link to Comment
  • Why Is Almost Everybody In The Auto Industry Afraid Of Tesla Motors? [View article]
    What always surprises me in these discussions are the number of people who are negative about Tesla as a viable and admirable company. If that's just a desire to drive stock prices for profit, I understand. However, shouldn't we as Americans or citizens of the world applaud an entrepreneur who has founded a company, risked his and others' capital and employed thousands of people to bring a true none-ICE choice for auto owners. Some of the comments give the impression that they hate the car, the company and the founder. Anyone who has done what he has done and intends to do should be given kudos not brickbats.
    Dec 28 07:01 PM | 7 Likes Like |Link to Comment
  • Tesla: A Serious Potential New Risk [View article]
    I don't mean to be rude, but you don't know what you are talking about. I recently retired as a large account underwriter and broker (CEO of a large global firm). Tesla would be considered an extremely attractive account. I can name at least five insurance companies that would compete for the business regardless of the fire you've described.
    My guess is that Elon Musk has a relationship with one of 3 or 4 global brokers who handle Tesla, Space X and Solarcity. This is a huge account and they would absolutely positively see that it receives favorable treatment.
    I respect that you are a retired securities lawyer, but you should limit your articles to areas of which you have experience. To allege that Tesla may become uninsurable and thus unable to operate or have to pay huge premiums shows naivete of the highest order. Before making these assertions you should have sought opinions from experts in the field.
    Dec 20 05:13 PM | 16 Likes Like |Link to Comment