It's been a huge week for the auto industry, with developments rippling beyond Volkswagen's $50 billion push into Tesla's territory of electronic vehicles. Dan unpacks the decision by Audi, BMW, Mercedes, Volvo, jaguar, Land Rover, and Mini to boycott the Detroit Auto Show, and concludes it marks a permanent shift in the industry. "The way we buy everything is changing."
And on the heels of a podcast episode that examined why Tesla is truly vulnerable to competitors, Dan breaks down Volkswagen's decision to build an $800 million electric vehicle factory in Tennessee, part of its plan to pour $50 billion into electric vehicle production by 2023.
Then, with Eddie Lampert's eleventh hour deal to save Sears finally on the books, Dan muses on the wave of creative destruction hitting retail right now – and the sector's latest victim, poised to close 900 stores nationwide.
He then introduces this week's podcast guest, Aaron Edelheit. Aaron is the CEO and Founder of Mindset Capital, a private investment firm. After being of their first investors, Aaron was also the Chief Strategy Officer of FLO Technologies and helped the company grow from a pre-revenue startup to raising $28 million and launching in over 500 Home Depot stores.
Aaron also founded and ran a successful money management firm, Sabre Value Management from 1998 to 2011. Released last year, his first book, The Hard Break: The Case for a 24/6 Lifestyle makes the case for taking one day a week off from work, email and smartphones for a more productive, healthier and more creative life.
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