Curiosity@Intelsense
Weekly dose of learning
1.
Survival comes first - in life and investing
It is not the fastest skier that wins the race, but the quickest of those who reach the finish line. The risk of irreversible losses is integral to long-term success. Investors may think that maximising returns is their primary goal, but it isn’t. Survival comes first, and survival comes in several guises.
It is very easy to think about investment survival purely in terms of avoiding disastrous outcomes from the assets themselves, but although this is critical it is far from the only relevant aspect. As important are the decisions we make through the life of an investment.
Long-term investing has many benefits, but to enjoy them we need to find a way of reaching the long-term. All investors need to think as much about surviving as they do about performance.
2.
New process for recycling plastic waste
Chemists at UC Berkeley said they have created a new laboratory process that could represent a major step forward in recycling plastic products — from single-use bags commonly found in grocery stores to the harder materials like toys, yoghurt tubs, coffee pods and luggage.
Currently, recycling facilities often mix up plastic waste and melt it to develop new products. Mechanical recycling, as the process is known, can generate playscapes for children’s parks, decking furniture and other low-value products.
However, the Berkeley research team’s method breaks the plastics down much further to the level of essentially molecular puzzle pieces, which can be reconstructed into new plastics.
That means a sandwich bag could be recycled into a new sandwich bag and a soiled milk jug into a fresh milk jug.
However, the business case is not yet clear. While valuable for the environment, transforming a used yoghurt container into a new one generates a commodity chemical that’s already available to companies at a very low cost. To make this process economically feasible, a new plastic tax or similar legislation might be required.
Pic of the Week
Thought of the Week
“If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much.” - Jim Rohn
"It's easy to assume that getting rich in money will also mean you are rich in time, but it is often the case that when you earn more money, you end up with less time and more responsibilities. Being rich is nice, but what you want to optimize for is (1) an income that exceeds your spending by a healthy margin and (2) a lifestyle that is free from rushing."
Video of the Week
Intelsense Insights
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