Top 5 Things of the Week Ended 4/02/23
Interesting Reads, Listens and Links That You May Have Missed
Mexican Brokerage issued an excellent report digging into the near-shoring opportunity in Mexico as American companies move manufacturing closer to the US. In particular, I thought it was interesting that bank credit increased by 10% or more in the back half of 2022 in all geographic areas. I’m an investor in one of Mexico’s leading home builders, Consorcio Ara (Mexico: ARA). The company is not only phenomenally undervalued but it is sitting on a massive land bank. More capital and more jobs, should equal higher demand of housing. GBM Near-Shoring Report Link. Here is the graphic that stood out to me:
Holograms powered by artificial intelligence definitely sounds like science fiction to me, but check out the latest post by Venture Capitalist Brad Feld: Do AI Rabbits Dream of Carrots?
Some people are really getting worried about the rapid advances in artificial intelligence. I’m not sure what to think, but I thought this post was worth considering that we shouldn’t just assume everything is going to be ok.
The NBA is apparently dropping its ban on cannabis as part of its new collective bargaining agreement with the Player’s union. Not only that, but the NBA will allow players to invest in and promote cannabis companies.
This week, Kentucky’s Governor signed bi-partisan supported legislation approving medical cannabis into law. This strikes me as a big deal considering Mitch McConnell, who has repeatedly blocked cannabis reform legislation, obviously represents Kentucky.
Comedy: