2013 SAE World Congress: Scuderi and investors still challenged
Anyone who has ever dealt directly with the automobile industry (like me for over 39 years) eventually learns that building a business case is part of the corporate and industrial game, and is absolutely necessary, whether that OEM is foreign or domestic; and that especially applies to the auto industry’s review of split-cycle engine technology. Unfortunately, that is not an easy pill to swallow for many private investors of Scuderi Engine Group, developers of the split-cycle engine design that bears the name of inventor (now deceased), Carmelo Scuderi. His legacy, though, centers on performance, honesty and trust by those who knew him.
I understand why a few investors want to use blogs and writers like me to vent their frustration. I get it; but I cannot allow rumors to rule my better judgment. Like Ronald Reagan, I still believe in that old Russion proverb, “Trust but Verify.” And that is why I attended this year’s SAE World Congress, despite my retirement from full-time writing for TN, so as to concentrate on fulltime trading, not to mention to write a book or two.
Be apprised I have no financial skin in the Scuderi investing game. Yet, as an investor in post-IPO companies as well as a day trader, I fully understand investor anxiety; been there many times. That is why I teach patience with new technology acceptance, as it is par for the course.