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September 16, 2016 | Financial History – September 16th

Adrian Mastracci

Adrian Mastracci, Discretionary Portfolio Manager, B.E.E., MBA. My expertise in the investment and financial advisory profession began in 1972. I graduated with the Bachelor of Electrical Engineering from General Motors Institute in 1971. I then attended the University of British Columbia, graduating with the MBA in 1972. I have attained the “Discretionary Portfolio Manager” professional designation. I am committed to offering clients the highest standard of personal service by providing prompt, courteous and professional attention. My advice is objective, unbiased and without conflicts of interest. I’m part of a team that delivers comprehensive services and best value in managing client wealth.

1908:

William Cpo Durant, the US leading maker of wooden wagons and buggies, incorporates the General Motors Co.
Durant knows that if GM succeeds, it will put his current industry out of business—and he goes ahead anyway.
GM serves as a holding company for the stock of Durant’s Buick Motor Co., the biggest “motorcar” producer.
GM ultimately encompasses dozens of other automakers and related companies.

Source: Alfred P. Sloan, Jr., in his book, “My Years with General Motors”.

————–

By way of background, I read Mr. Sloan’s book as an engineering student at General Motors Institute in Flint, Michigan. Mr. Sloan was at the helm of General Motors for many years. His book is an excellent account of the auto industry from its early days for anyone with interest in cars.

There were many interesting times when Mr. Durant, and a number of other colleagues, were putting together the individual auto companies (Chevrolet, Pontiac, Buick, Oldsmobile and Cadillac) under the umbrella of General Motors (Pontiac and Oldsmobile since mothballed). Along with how Ford and Chrysler carved out their niches of the then lucrative auto market.

General Motors has undergone a huge transformation since I was there. Not to mention the North American and foreign auto industry. Quite a change since the horse and buggy days of over 100 years ago.

A book well worth reading.

Talk soon,

Adrian

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September 16th, 2016

Posted In: Adrian Mastracci Blog

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