Share prices of Rivian Automotive ( NASDAQ:RIVN ) briefly fell to $75.13 per share on Friday before closing the session at $79.95 per share. It was the first time Rivian stock dipped below its initial public offering (IPO) price of $78 per share. The sell-off marks over a 55% drawdown from the stock's all-time intraday high of $179.47 per share set on Nov. 16, 2021. Here are arguments for and against buying the electric vehicle (EV) stock now. Image source: Rivian Automotive. Take advantage of inefficient markets Howard Smith : Markets aren't always efficient, and that's how investors can gain an advantage. While Rivian shares have dropped recently in concert with many high-growth tech names, one of the biggest dips came with the news that Amazon ( NASDAQ:AMZN ) was starting a partnership with Chrysler parent Stellantis ( NYSE:STLA ) to supplement its supply of electric delivery vans. Prior to this news, investors only knew that Amazon -- an early … [Read more...] about Rivian Stock Just Fell Below its IPO Price of $78 Per Share: Time to Buy?
Choosing just right books mini lesson
Brian Klaas is an associate professor of global politics at University College London and a columnist for the Washington Post , where he frequently comments on U.S. foreign policy and democratization. For his latest and fourth book exploring the acquisition and repercussions of power, he traveled around the globe and interviewed more than 500 powerful people—from CEOs to cult leaders—and scoured the world for experts who research power, such as neuroscientists, behavioral economists, and anthropologists. advertisement advertisement Below, Klaas shares five key insights from his new book, Corruptible: Who Gets Power and How It Changes Us . Listen to the audio version—read by Klaas himself—in the Next Big Idea App. 1. Power doesn’t just corrupt—it attracts the corruptible. We’ve all heard Lord Acton’s famous aphorism: power tends to corrupt, and absolute power corrupts absolutely. Lord Acton was correct, but that’s just the tip of the iceberg. … [Read more...] about I interviewed more than 500 powerful people—from CEOs to cult leaders. Here’s why second-in-command is better
The pandemic exposed some of the best and worst management practices at some of the world’s most storied enterprise organizations. Almost no company had plans to pivot to a remote work environment in the blink of an eye, but that’s exactly what most companies, including Verizon, had to do. Those who put quick transitions into action came out stronger, while others struggled in the new norm, putting their employees and customers at a disadvantage. advertisement advertisement How did some companies get this right when others were too slow and ultimately lost market position? After speaking to dozens of executives over the last 18 months, there is a common thread: Those who quickly and clearly defined success for their employees thrived, while those who over-managed and tried to prescribe every move struggled. We have come to appreciate a very simple truth about leadership: Effective leaders empower their people. Too many leaders fail to appreciate … [Read more...] about This little-known leadership principle can provide clarity during uncertain times
File image of US President Joe Biden (AP Photo/Alex Brandon) Joe Biden was Barack Obama’s vice president. His Treasury secretary, Janet Yellen, was Obama’s pick to lead the Federal Reserve. The director of Biden’s National Economic Council, Brian Deese, was deputy director of Obama’s National Economic Council. His chief of staff, Ron Klain, was his chief of staff for the first two years of the Obama administration and then Obama’s top Ebola adviser. And so on. The familiar names and faces can obscure how different the new administration, in practice, has become. The problems Biden is facing are an almost perfect inversion of the problems Obama faced. The Obama administration was bedeviled by crises of demand. The Biden administration is struggling with crises of supply. For years, every conversation I had with Obama administration economists was about how to persuade employers to hire and consumers to spend. The 2009 stimulus was too small, and while we avoided a second … [Read more...] about This isn’t the presidency Joe Biden imagined for himself
Share to Twitter Share to Linkedin Martine Rothblatt , a speaker at the Forbes' 2016 Philanthropy Summit, knows how to translate moonshot ideas to reality. Her first came when she was hitchhiking around the world and supporting herself as a musician playing in hotels. In the Seychelles, she got a chance tour of a NASA satellite facility and immediately was inspired to build satellites so small but still so powerful that " everyone in the world could be tuned into the same music." When she got back to America, she enrolled at University of California, Los Angeles and majored in communications engineering. By 1990, Sirius Satellite Radio was born. Three years later, it went public. (Current market cap: $19.6B). But Rothblatt was soon pushed into biotechnology after her daughter Jenesis developed a rare disease, pulmonary arterial hypertension. S he left Sirius to look for a cure. (At the time, most afflicted died within two years, and the best therapy … [Read more...] about From SiriusXM To Pig Cloning: A Q&A With America’s Most Successful Transgender CEO Martine Rothblatt