By Jim Lane, Biofuels Digest:
As advanced biofuels companies hit their milestones and watch their stocks get crushed, we look at investor uncertainty, yellow cranes, black swans, and striking announcements from Codexis and Aemetis.
A best-seller we have been working through this summer here in Digestville is Donald Rumsfeld’s memoir, “Known and Unknown”. His known-unknown paradigm makes for a good investment lens with which to examine the prospects and fates of companies in advanced biofuels and biobased products.
Rumsfeld said: “There are known knowns; there are things we know that we know. There are known unknowns; that is to say there are things that, we now know we don’t know. But there are also unknown unknowns – there are things we do not know, we don’t know… Read more