I acquired the first taGMan stock, Apple, in 2015. At the time, I did not realize Apple would be a company to invest in EVs and mobility solutions. The investment for me was to own the company dominating businesses ranging from mobile devices, retail, and consumer cloud solutions, all with industry leading margins. I now believe Apple will be a major player in a future world of autonomous vehicle mobility solutions. The good news for Apple investors is none of this future Apple TaaS business is represented in today’s valuation. In fact, except for Tesla and GM, today’s valuation of each of the other taGMan companies contain no acknowledgement by investors of their TaaS future.
A 43.1% annual return for the taGMan portfolio is great. Investors have already recognized the EV and mobility solutions future of Tesla, and have driven up the share price accordingly. Although GM’s valuation is near it’s highest level ever now that investors are acknowledging GM’s TaaS initiatives, the company is still very undervalued given the entirety of its TaaS future. Similarly, investors will eventually assign incremental TaaS valuation to Apple, Google, Microsoft, Amazon and Nvidia. Unlike GM, however, the strength of these core businesses of these companies has driven their combined valuation to $8.4 trillion, rewarding investors like me willing hold these shares. As each company continues to invest and succeed in a new TaaS world, increased valuation should follow significant TaaS industry growth. And considering the business of EVs, autonomous driving and mobility solutions could be a $10 trillion industry, the taGMan-7 portfolio of future industry leaders is still very undervalued.
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Winning in Asia Podcast with Henrik Fisker, Founder and CEO, Fisker Inc
Disclaimer
TaaSMaster, LLC is not a registered investment advisor or broker/dealer. All investment opinions expressed by TaaSMaster, LLC are from personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors may occur.