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Investment Seminar

G.P. War Memorial, prior to SMC meeting. Chairman, Tom Bidigare (313-977-0709) and Treasurer, Don Stanitzke (313-886-0143).


Note that the Investment SubClub will meet now on the fourth Tuesday of the month and in a new location, the Crystal Ballroom, eliminating  the room fee.

All SMC Members are invited to attend along with our Presenter, Blake McLellan, and the regulars: Tom Bidigare, Dennis Hickey, Den-ver Higley,Al Sauter, Bill Holdman, Carson Gruenwald, Ched Fine, John Snyder.

On March 27, 2018 investment meeting focused on the following discussion topics, presented by Blake McLellen: MaaS (Mobility as a Service); CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats); Genome Editing; Deep Learning and Robotics.

MaaS looms as significant challenge to the auto industry. Household vehicles are beginning to feel like stranded assets with HIGH cost; but utilized only 5% of the time in a 24 hour day. MaaS is a shift from personally owned modes of transportation; towards mobility solutions that are consumed as a service. Traveler’s mobility should become more affordable by combining private /public transportation services and providers; through a unified gateway that creates and manages the trip. The key concept is to offer mobility solutions based on the travel needs. This approach can be applied to goods and in urban areas. Other benefits include safety, convenience, and discretionary time. (Your Newsletter Editor learned about MAVEN, a new company that is part of General Motors which will provide similarly services in major cities and even Ann Arbor.)

CRISPR technology is a tool for editing genomes. It allows researchers to easily alter DNA sequences and modify gene function. Potential applications include correcting genetic defects, treat-ing and preventing spread of diseases and improv-ing crops. However there are some potential ethical concerns.

Deep Learning is a subset of machine learning in Artificial Intelligence networks which are capable of learning unsupervised from data that is or unlabeled. The deeper the network penetrates, the higher its productivity increases. Learning products and services launched in 2017 include self-driving cars, voice and image recognition, precision agriculture, AL Cloud and software.

Robotics deals with the design, construction, operation and use of robots. In the next twenty years, robots will more than double GDP per worker in the U.S. Education and training will be important bridges for students and workers; if they are to adapt successfully to the changes in automation.

All SMC Members are invited to attend along with our Presenter, Blake McLellan, from Morgan Stanley, who arranges for speakers or is the speaker. Feb 27, 2018 Discussion Topic: Bitcoin

Cy Agley and Ammar Tank from Zegna Capital, a cryptocurrency (digital asset) investment firm covered the bitcoin: 1) Bitcoin is a peer to peer paperless digital currency that came into existence in 2008. It is a decentralized form of currency that has no central regulator.2) Bitcoins are created and stored electronically in the blockchain using encryption techniques. The requested transaction is broadcast to P2P network consisting of computers known as nodes. The network of nodes validates the transaction and the user’s status using known algorithms. The new block is then added to the existing blockchain that is permanent and unalterable.3) A Bitcoin wallet is a software pro-gram where Bitcoins are stored and has its own unique address. A private key (secret number) is required for every Bitcoin address that is saved in the wallet of the person who owns the balance. If the secret number is lost, the account cannot be accessed. 3) Over 1384 cryptocurrenies exist today. Bitcoin is the largest followed by Ethereum, Ripple and Bitcoin Cash. 4) Bitcoin transactions are cheaper than normal currency transactions. There is no identify theft as in the case of credit cards. They are not globally accepted as a form of currency. They are exposed to massive fluctuations in value. Depending with the date of transaction, this can result in disputes. 5) Bitcoins are not regulated by any central authority.

Both the summary above and to the left were prepared by Tom Bidigare

 

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