We have very inexpensive EVs in the marketplace, but you just arenâ(TM)t allowed to buy them cheaply. The Chinese are producing EVs starting around 10k which based on reverse engineering efforts are reportedly well built. Extreme tariffs have been applied to these vehicles to protect incumbent regional automakers from getting wiped out. A sub 20k car would massively disrupt the US marketplace and eventually relegate ICE vehicles to niche applications.

https://www.technologyreview.c...

Sigh. Wealth has always been concentrated at the top and this concentration does not create poverty. Itâ(TM)s not a zero sum game. If I win, that doesnâ(TM)t mean you lose. Donâ(TM)t they teach the kids basic economics these days?

All of this sounds normal in the marketplace. Tech companies come and go as some innovate and some are disrupted. I installed hundreds of Cisco devices in the 90's. Today I imagine there are dozens of Cisco competitors. Companies are probably buying less enterprise networking gear as they ditch corporate data centers in favor of the cloud.

Unless you are using the absolutely cheapest, most unreliable gear in your colo run by college interns you won't come close to cloud prices if you are accurately accounting for costs -- or unless you have achieved massive scale (100k+ servers). I've been involved in hundreds of IT vendor deals where companies are comparing their in-house capex to colo opex and it's clear most companies have no idea what they really spend on maintaining infrastructure.

This is the standard marketing pitch of hedge funds -- you may miss out on market highs but you will avoid all those scary market lows. Except it simply isn't true. We have detailed reports that show hedge funds as a whole have significantly underperformed the market for a long time now net of fees. These are investment instruments sold to dumb rich guys in country club locker rooms.

Actively managed funds as a whole cannot beat the market index. It's mathematically impossible. In fact, managed funds as a whole underperform the market net of fees. The same is true of robo-analysts: as a group they will not outperform index funds and must, by definition, underperform net of fees. They will simply underperform less than actively managed funds.