Todd says they end up losing money on 1 in every 4 cars they buy..
Todd says they are working on fixing that with better data.
Wow lots more money to be made once they reduce that number to 1 in 5, 1 in 10, none..
crazy thought
how long till they can cost effectively scan a car and see all the irregularities (read worn parts) in the inner workings beyond eyes and ears....
crazy thought
how long till they can cost effectively scan a car and see all the irregularities (read worn parts) in the inner workings beyond eyes and ears....
...soon .... use high progressive co-efficient multiples
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Todd says they end up losing money on 1 in every 4 cars they buy..
Todd says they are working on fixing that with better data.
Wow lots more money to be made once they reduce that number to 1 in 5, 1 in 10, none..
Go through this thread oer the years you'll see many instances of fixing things that aren't right .... and no doubt learning from the experience and hopefully making more money
They are pretty good at learning from their mistakes
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I was a little annoyed they didn't ask one of the questions I submitted about any TRA intention of entering the Australian market (literally was the only question left to ask on the list)
Institutional investors must've liked what they heard and saw at this morning's presentation. 4 bucks isn't a bad target from hereon if one or two funds prepared to get some decent holding.
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