EVs: not for me. But I will be investing in "picks and shovels."
"Picks and shovels" includes those engaged in the "grid," the infrastructure" that will be required to support all those EVs, win or lose.
Important, announced yesterday:
Most important: "who" gets the $13 billion? How will it be spread around? Conventional grid infrastructure or semiconductors to manage the grid or money direct to renewables, like batteries?
The most simple example. Take a walk around your neighborhood. Look up. Note the transformers on the utility poles. All of these transformers will have to be replaced, or additional transformers will need to be fixed to the utility poles to support all the new EVs in each neighborhood. Rule of thumb: in a typical US neighborhood, the current infrastructure will not support more than three EVs.
Who manufactures those transformers? Start here.
Other screenshots:
My current "new-money allocation" won't change for now. Plenty of time to change that allocation.
My current "new-money allocation" remains:
- Buffett, blue-chip: 40%
- tech infrastructure (mostly chips): 30%
- energy (mostly oil): 20%
- mRNA: 10%
Any "new money" for electric grid infrastructure will go into the "Buffet, blue chip" bucket since the big manufacturers already have this locked up.
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