I dont know who the buyers of this beastie might be at 400 large, with its 612 HP 6.6L V12, but it looks like quite the vehicle.
What is worth noting for the rest of us of ordinary means is how the technology in these ultra luxe cars eventually works its way down market. Consider such Auto-tech as ABS, GPS, Adaptive Cruise Control, Collision Crumple Zones, Auto-tightening Restraints, Airbags, etc., all started as luxury options on high priced cars. Perhaps the GPS assisted lighting/suspension will work its way down the food chain. As to that Starry Night Skyliner, I am going to guess not . . .
Source: Bloomberg, July 21 2014
Rolls Royces are known for their luxurious features. The $400,000 Rolls Royce Wraith is also one of the most technologically advanced cars on the market today. Bloomberg’s Matt Miller took one for a spin to see how Rolls is keeping connected.
My afternoon train reads: • Eddie’s deep dive into explaining gold prices. (Crossing Wall Street) • Hot ETF sellers give distribution its due (FT) • Boring Is Good (Millennial Invest) • How to Build Expertise: Lessons From Peyton Manning (James Clear) see also Why Trying to Be Perfect Won’t Help You Achieve Your Goals (And…Read More
Category: Financial Press
Source: RealtyTrac Each quarter, RealtyTrac releases its “Home Equity and Underwater Report.” According to RealtyTrac’s data, “9.1 million U.S. residential properties were seriously underwater.” Mortgages that are “seriously underwater” exceed a property’s value by at least 25 percent. They also account for 17.2 percent of all properties with a mortgage. That number decreased slightly…Read More
During the past few months, we have posted a few words here on the quandary that is hedge funds. One such effort was titled “The Hedge-Fund Manager Dilemma,” and it explored the public’s fascination with the hedge-fund crowd. The next, “Why Investors Love Hedge Funds,” looked at why, despite stunning underperformance during the past decade,…Read More
My morning train reads (continues here): • The Gringo’s Guide to the Argentine Holdout Crisis (No Se Mancha) • Cash Crops With Dividends: Financiers Transforming Strawberries Into Securities (DealBook) • Mapping the Stock Market’s Four Primary Metrics (Minyanville) see also Hot ETF sellers give distribution its due (FT) • Seven charts that leave you no…Read More
Category: Financial Press
Slate‘s Jordan Weissmann puts Apple’s product lines into perspective versus other large companies (Tech or not).
iPhone revenues alone eclipse that of either software behemoth Microsoft or online retail giant Amazon. Businessweek (September 2013):
“If the iPhone were its own company in the Standard & Poor’s 500-stock index, iPhone Inc. would outsell 474 of 500 companies; iPhone’s $88.4 billion in annualized revenue tops 21 of the 30 component companies in the Dow Jones industrial average—it would be the ninth-biggest stock in the Dow 30.”
Consider these two product lines:
iPhone = Google + eBay
iPad = Yahoo + Facebook + LinkedIn + Twitter + Group + Tesla
Source: Skeptical Science