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Old 11-18-2008, 10:39 AM   #21
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Oh no, this reminds me too much of Ford at $6/share in 2002 or Chrysler in 1979. They all had their chances to fix their problems and they enthusiastically dug the hole deeper.

We've divested ourselves of our other individual stocks and our last one is Berkshire Hathaway. The rest of our ER portfolio is equity ETFs.

Buffett once pointed out that more money has been invested in the airlines than has ever been earned by the airlines. In another speech he held up a document that listed 70 pages of auto companies that have (formerly) existed over the last century.

I think the best thing for GM & Ford & Chrysler is... Chapter 11 Toyota.
Too bad the other automakers ran Tucker out of business. He had good ideas LONG before even the Japanese carmakers did........
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Old 11-18-2008, 01:44 PM   #22
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Too bad the other automakers ran Tucker out of business. He had good ideas LONG before even the Japanese carmakers did........
Well, I guess that's a commentary on the Darwinian nature of the business. Detroit had lots of good ideas, not just guys like Tucker, but somewhere the corporate bureaucracy took over and sucked all the profits out of it. They could've copied Tucker or licensed his patents (did he have any patents?) but noooooooo...

It'd be interesting to see how much production of Toyota, Nissan, & Honda is actually in Japan and how much is in America. Maybe we already have a new "Big Three".
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Old 11-18-2008, 02:51 PM   #23
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Well, I guess that's a commentary on the Darwinian nature of the business. Detroit had lots of good ideas, not just guys like Tucker, but somewhere the corporate bureaucracy took over and sucked all the profits out of it. They could've copied Tucker or licensed his patents (did he have any patents?) but noooooooo...

It'd be interesting to see how much production of Toyota, Nissan, & Honda is actually in Japan and how much is in America. Maybe we already have a new "Big Three".
We have had that for quite some time. I am sure Hyundai is looking for more capacity to produce. Maybe all those UAW folks can get jobs with an expanded Honda, Toyota, Nissan, and Hyundai........
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Old 11-18-2008, 03:01 PM   #24
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What about American firearms manufacturers? We should be near the best in manufacturing those, right? Is that a mad money possibility?
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