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51 - Laurent Segalen's Twelve Rules (Co-Host of Redefining Energy)

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The Power of the Narrative

The value of companies used to be 90% hard assets, 10% intangibles. But now it's the opposite - they're more valuable if you believe in a narrative. Tesla is worth 650 billion and Stellontis did $16 billion last year on that result. You don't even challenge that now because everyone knows whatever Elon does he'll smash it. So I think common sense must be another rules.

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