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Original Post
2:01 p.m. CT -- Saturday, August 2, 2025
GM doesn't care about the trade deficit, or the GDP, or making America great, or the national debt. All GM cares about is making money for the company. Don't take that out of context, and feel free to replace GM with any other company.
"Yesterday" -- the US policy was "globalization," DEI, and being woke.
Things have changed.
"Today" -- the US policy is make America great again. Most see that as simply reindustrialization of America.
Timing is everything.
Separate from reindustrialization is the fourth (or sixth, as I count) industrial revolution.
This does not happen overnight
The transistor was successfully demonstrated on December 23, 1947. Link here.
The transistor radio was released in 1954 and experienced explosive growth after 1957. Link here.
Transistor to the transistor radio, la-de-dah -- ten years and that's all we got -- a little hand-held radio.
Mainframe computers came into their own, but slowly accepted, in the 1960s. Link here. It was a big deal when our college put an IBM computer into the basement of the science building in 1968. Another ten years from the transistor radio.
Apple's first personal computer was the Apple I, released in 1976. Essentially another ten years. From 1968 to 1976, another ten years.
Is there a trend here?
Sort of like equivalent to Moore's Law.
BlackBerry pager, a precursor to the BlackBerry Storm, was introduced in 1999. From the first Apple personal computer to a simple pager: 1976 - 1999 -- more than 20 years.
So, from the transistor, 1947 to 1997, fifty years.
The first Apple iPhone was introduced June 29, 2007. I remember that presentation. I was watching it live.
1947 --> 1997 --> 2007 -- another ten years. And now, sixty years from the invention of the transistor.
Rounding, Sophia is ten years old.
In sixty years Sophia will be 70 years old.
My investment horizon is a rolling horizon: every day I wake up my investment horizon is 30 years plus a day.
I think I will quit here for now. Folks can connect the dots:
- reindustrializing
- sixth industrial revolution
- time
- energy demand will increase over time
- communication technology will never go out of favor
- the importance of not making a misstep (exhibit A: Intel)
- the importance of individualism (exhibit A: Jensen Huang, Steve Jobs, Henry Ford, Thomas Edison)
- GM
- capitalism will win out over globalization, DEI, and wokeness
- capitalism will also win out of socialism every time
- the era of the transistor began 80 years ago
- things take time
- quantum computing is around the corner
- GM doesn't care about the trade deficit, or the GDP, or making America great, or the national debt. GM simply wants to make money.
