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Rupert Mitchell of Blind Squirrel Macro joins Forward Guidance for the first time to share his learnings from an extensive career as an investment banker moving Chinese IPOs to a corporate financier for an electric vehicle producer. The rodent shares his views on tires, refiners, and gold miners, and makes the case that cheaply produced Chinese electric vehicles (EVs) will unleash a “bloodbath” on the middle-market global EV market. Recorded on April 2, 2024.
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Timestamps:
00:00 Introduction
00:47 The Squirrel's Background As An Investment Banker
03:14 The Chinese IPO Boom Of 2000s
13:51 The Squirrel's Current View On Chinese Economy and Stock Market
20:00 Is The Chinese Real Estate Crisis Just Getting Started?
23:55 VanEck Ad
24:57 The Squirrel's Experience In The Electric Vehicle (EV) Business
29:49 China Will Unleash "Bloodbath" On Global EV Auto Market
36:07 Toyota Is Having The Last Laugh
40:52 For Auto Stocks, The Squirrel Prefers Price To Sales
44:56 Many EV Companies That Went Public In 2020 & 2021 Were Bubbles And Frauds
50:18 Tesla
53:51 Old School Auto Manufacturers (Ford, GM, Volkswagen, etc.)
54:40 Squirrel's Bull Thesis On Tire Producers
01:02:55 The Offshore Oil Thesis
01:12:50 Macro
01:18:26 Squirrel's Inflationista Thesis
01:22:12 Options
01:31:40 Gold and Gold Miners

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.