The 2022 Greenwich Concours is in the books. Last year, Covid caused a postponement of the show and it was ultimately held in October. The Greenwich Concours is now back on its regular early June schedule. The Hagerty website succinctly summarized the 2022 event: This year, Saturday’s Cars & Community showcased 125 vehicles, including some of […]
“Show me the incentives and I will tell you the outcome.”—Charlie Munger “The media’s focus on climate change and the unfolding policy responses are leading us into a world with lower production of carbon energy, tighter coordination among the world’s big petroleum-producing countries, and quite possibly higher near-term demand for hydrocarbons. All this is likely […]
At Turtle Garage, we recently discovered the site Medium.com. Medium publishes some worthwhile articles that can be thought provoking and insightful. Medium covers broad topics such as self help, book recommendations, personal development, and how to create wealth —among many other topics. A recent article caught my eye and thought it would be something worthwhile […]
“The essence of strategy is choosing what not to do.” —Michael Porter “Our strategy is designed to avoid non-core activities to focus on winning where it matters: dedicated electric vehicles and proprietary car software. We will take action on structural costs, target strong and sustained profitability. With this new strategy we are announcing our clear […]
THE AUTOMOTIVE AND COLLECTOR CAR YEAR IN REVIEW—FROM THE REAR VIEW MIRROR AT TURTLE GARAGE: What a long strange year its been. 2020 began with Carlos Ghosn’s daring James Bond escape from Japan. By March, the world got stuck in neutral as a full-blown global pandemic shuttered car factories, closed dealerships, cancelled concours, and, above […]
“California Dreamin’ is becoming a reality….” —John Phillips, The Mamas and the Papas The New York Times reported today that the state of California will ban the sale of gasoline-powered cars by 2035—a short fifteen years from now. At Turtle Garage, we question the growing assumption that electric drive is the long-term solution. Back in […]
Despite record unemployment and massive economic dislocation from Covid19, stock markets are rallying and Tesla shares are soaring. What is going on? Today, Tesla is worth more than Ford, GM, and Chrysler combined! Depending on the day, Tesla is worth more than auto giant Toyota. At over 200 times earnings, Tesla is anything but cheap. […]
My first drive in a Tesla Model S was back in 2012. I remember the experience like it was yesterday. After taking the Model S for a spin, I got back into my then-brand-new Mercedes E350, and it felt like a Model T Ford. Despite this positive experience, I still have not leaped into an […]
“Price is what you pay; value is what you get.” —Ben Graham “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.” —Warren Buffett The world has been turned upside down by the Covid19 pandemic and the financial markets do not seem to care. The stock market is […]
“Sure, owning an electric car may make you feel good. That you’re doing your bit for the planet, but as it turns out, unless you’re planning to drive one to obsolescence, while using clean power sources, they might not be the best option to ensure Mother Earth’s survival today.” —Financial Times, January 24th 2020 A recent […]
Each year Hemmings.com publishes a list of predictions for the coming year. This year the list reviews and grades their own 2019 predictions and highlights five new forecasts for 2020. Overall, their observations are reasonable and logical: GM will continue to evolve their push towards electric drive by possibly offering buyers an electric crate motor. […]
Philip Richter is President and co-founder of New-York-City-based Hollow Brook Wealth Management, LLC. The Turtle Garage Blog, he says, is dedicated to his "love of excessive personal transportation."
