Be cautious of Blue Ocean multiples

You may well recognise the term Blue Ocean Strategy. It’s the redacted name of an iconic strategy book written by W Chan Kim and Renée Mauborgne: Blue Ocean Strategy – How to Create Uncontested Market Space and Make the Competition Irrelevant. I know what you’re thinking. It sounds like the stuff your annoying mate doing his MBA tries to tell …

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Tesla: best quarter in history

Tesla has released its much-anticipated Q3 results. “Alright, so Q3 was our best quarter in history.” Those were the opening words of Elon Musk on the Tesla Q3 earnings call. A sales record combined with free cash flow of $1.4bn is certainly impressive, but as ever I remain concerned about the hype around this company which does not operate in …

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