In a world of ample liquidity and an easy Fed, when beauty happens, stock prices can indeed reach for the moon. In short, it’s the phenomenon of “Beauty Happens”, a term used by Professor Richard Prum of Yale. Like the peacock’s feathers, a fully electric car five years ago was not only impractical, but also a hindrance for long distance driving. For fans this fully electric feature was an “ornament”, not unlike the male peacock’s long tail feather. Some, like Volvo, have abandoned the fully gasoline cars, trying to straddle between fully electric and electric-gas hybrids.

Source: Forbes February 03, 2020 14:26 UTC