Solar panels are more effective in colder weather.
Yes, really. But first, the basics…
How latitude affects efficiency of solar panels
Solar energy is not equally distributed across the Earth.
Although plenty of northern regions get a lot of sun, it would seem that in general, solar panels are less effective the further north you go.
Why is this?
Angle of solar impact
The Southern Hemisphere receives more energy during December (southern summer) than the Northern Hemisphere does in June (northern summer) because Earth’s orbit is tilted. 
One factor influencing solar radiation intensity is the angle of impact. For harvesting solar energy from cells, the optimal angular impact is 90 degrees perpendicular.
In northern latitudes, because because the angle of impact is less direct than it is at the equator, it is spread over a greater surface area and therefore you get a less concentrated energy output per unit area.
And unfortunately, this also means that solar panels are less effective during the months that Earth is tilted away from the Sun, during the winter months.
To make up for this, solar panels are often tilted based on the location on Earth as well as time of year.
The angular tilt of solar panels to maximize efficiency is greater the further north you go as well.
In addition to the sun’s rays being spread over a wider surface area, there is a second factor that latitude influences.
Absorption scattering of UV rays
As we see in Figure 1 below, the distance that solar radiation must travel through the atmosphere is further.
A wider band of atmosphere through which the rays pass means there is more absorption scattering of sunlight in the atmosphere.
UV rays comes into contact with the nitrogen, oxygen, carbon dioxide, and other gases in the atmosphere over a wider area, so more is absorbed.
Because a large amount of UV rays have been scattered and absorbed, they are less intense once they reach Earth’s surface
The combination of absorption scattering in the atmosphere as well as the angle of impact suggest that in general, we would expect solar panels to be less efficient during the winter time in each respective hemisphere.
However, as mentioned at the beginning of this post, there is a third factor that influences solar panel efficiency – temperature.
Solar panel efficiency in cold temperatures
Yes, cold weather does increase the efficiency of solar cells, if everything else is constant. 
This means that cold weather (with sunshine) are the ideal conditions for solar cells.
The reason is that low temperatures decrease the solar cells’ internal energy leakage.
In cold temperatures, electrons are less active. At higher temperatures, electrons are more active.
With lower electron activity, energy can be stored and moved across wires and batteries more efficiently. 
According to phys.org, solar cell efficiency decreases by 0.3% for each temperature degree increased. 
This means that a warmer region, while perhaps sunnier, is not necessarily going to be an optimum place for solar energy generation.
This is good news for the northern regions of Earth.
While northern latitudes may be at a disadvantage for reasons based on the first two factors mentioned the earlier section of this post, we can make the case for solar energy in cold, sunny places!
Of course, snow and ice can be a problem for solar panels, and attempting to scrape it off could damage or break the components.
If the ice is translucent, the solar panels may be able to generate a continued output of energy.
Solar in Germany
Germany is the leading country in Europe for solar deployments.
Germany is further North than most people realize. Berlin, Germany occupies the latitudinal region of 52 degrees N (Berlin).
By comparison, the latitude of Calgary, Canada is around 51 degrees N.
It is inspiring to see a country as far north as Germany have so much success with solar, and Germany should perhaps serve as a model for other nations.
If a northern, Temperate country like Germany can prove the viability of solar, surely countries further south can too, with even greater ease.
Still, we’re not at 100% sustainable energy yet.
In order to meet 100% of its electricity needs with solar, Germany would need to significantly increase its solar photovoltaic capacity to between 303 GW and 446 GW.
Given the three factors covered above that impact solar panel efficiency, equatorial areas are not necessarily going to be the only places (or even the best) where solar will work.
Eventually, the world will need to transition to 100% sustainable energy. We cannot survive off of fossil fuels and coal forever, as these reserves will eventually run out.
This post isn’t meant to provide a more realistic approach and help people understand how solar can help while supplementing other energy sources in order to maximize the amount of sustainable energy for the grid. It should be mentioned that wind, nuclear energy, hydroelectric, and more could also help transition the world to sustainable energy.
For example, as solar is added to the grid, it reduces the net demand for electricity in the middle part of the day (when the sun is most radiant).
And if we assume there is no storage of excess energy during peak hours, solar output during the night is pretty much zero.
Perhaps off-grid regions of the world, such as research bases in Antarctica or remote areas of Alaska, could fulfill their own power demands via solar systems during the summer. 
For now, perhaps solar energy could be a viable way to reduce diesel, at least during the daytime.
With improvements in battery technology paired with a greater number of solar panels across the globe, perhaps humans can one day capture and store enough solar energy that we can sustain our energy requirements all hours of the day and night.
And if land is abundant, as it is in the United States, perhaps the most reasonable way to increase the percentage of renewable energy that we consume is to simply build more solar panels.
Across every industry, investing in platforms and infrastructure is a proven area for substantial, secure returns.
Here’s what that looks like:
What to we mean by platform, infrastructure, and application?
Infrastructure: Infrastructure is like tools and equipment. Infrastructure tools are what enable more things to happen, or be built.
During westward expansion and the California gold rush, infrastructure companies – those that made the picks and the gear – were the most profitable entity.
Think about the companies building the mining gear and equipment, transportation such as railroads, and those that laid the groundwork.
Although individual applications may fail, infrastructure create economies and positive feedback loops, lowering costs of those tools so that more people can do the thing or embark on the journey and hence enable them to thrive.
Infrastructure doesn’t go away in the near-term.
Although it may become less popular (and can be quite un-sexy), infrastructure continues to exist long after the applications taken root.
Infrastructure continues to thrive, as well as evolve with the industry.
Platform: the platform is the base of which something is built.
In software, this hardware and software architecture that acts as foundation or base upon which other applications, processes, or technologies are developed. 
Similar to infrastructure, platforms tend to survive for the long term.
Think about it – the foundation of buildings like those at Gobekli Tepe from over 11,000 years ago still exist.
While the remains of everything else is gone, the platforms on which buildings, homes, and churches were built has not been demolished.
Application: applications are businesses that use both tools and existing foundations. Whereas platforms and infrastructure serves application developers, applications serve the end consumer, the individual.
Application businesses can be wildly successful too, no doubt.
The best and most long-term successful application businesses transition into being a platform and infrastructure business.
Because applications are more risky, the most successful companies search for any opportunity to pivot and become a long-term monolithic, ossified entity in the industry.
Infrastructure can be compared with the analogy of a garden. The dirt, the fertilizer, the water, all the tools and equipment used to build, grow, and maintain a garden.
The applications are like seeds… in an ideal world, every seed will grow to become a mature plant or a bush or a tree.
And as we know, not all seeds will grow to become flowers.
Some seedlings will die, just like some applications never make it big time. This is why applications are riskier than infrastructure… just look at how many apps there are in the iOS app store.
The apps we hear about are the successful ones – but there are millions that never survive and their story is all but forgotten.
As the few seedlings become flowers, the garden grows stronger and more valuable.
WHY platform and infrastructure products make great businesses:
As we covered, infrastructure is the tools that enable future products to be created.
These tools can often be sold or licensed to other businesses.
Businesses that sell products or services business products tend to make great companies because their customers (other successful businesses) typically have a large budget and are willing to pay a lot for a good product or service.
As more products are created, the infrastructure becomes fine tuned and improves over time to better need the needs of application developers, gardeners, etc.
The infrastructure is what leads the direction of the industry as it evolves into the future. New types of infrastructure allow innovation to happen.
The infrastructure defines what can be done, how cheap it will be, etc. It is the launchpad and defines the starting point for future apps.
Sooner or later, many companies and projects depend upon this infrastructure to meet their needs. In the best case, people simply can’t survive without it.
Examples of Platforms and Infrastructure in Businesses
Platforms for Mobile Apps:
We’ve talked about the Apple App Store so let’s dive deeper.
Apple knows and understand that what they built was first and foremost a tool and a platform.
Apple fights tooth and nail to try to maintain their position as the defacto industry platform for apps.
Apple makes a significant portion of revenue from its App Store serving as the platform from which iOS apps are built.
Google Play exhibits a similar model, as does Facebook with their robust suite of apps built into their website.
Regardless of the debates on whether or not this is an ethical practice (yes, debates exist, and result in many lawsuits).
The fact that developers are willing to build applications in these places is telling of the value that platforms bring.
Another example of infrastructure is a programming language.
Oracle owns the open-source programming language called Java. Although its old today, at one time it was the hottest thing.
But Oracle couldn’t directly sell the rights to use the programming language… aside from being counter productive, it would also
What Oracle did was build on top of Java. Oracle built platforms and tools that use Java so that developers and businesspeople that are already familiar with the Java language would be more likely to want to purchase Oracle software.
Marketplace platforms enable thousands of people with products or service to reach prospective customers.
However, these platforms are more profitable and generate more revenue than even the highest earning individual on any given marketplace.
Take OpenSea, for example.
NFTs are the hottest thing recently in the world of Blockchain and web3. But the companies and individuals making the real money are the ones that power the NFT craze.
OpenSea is the #1 website where people can buy and list NFTs for sale. The owners of OpenSea make a percentage of every single NFT that sells.
And given that any single product could have up to hundreds of ETH worth of NFTs traded over the span of a few days, OpenSea is likely SUPER profitable.
We can also look at more traditional internet companies to use as examples.
Etsy enables artists to list their creations online and sell them.
Ebay lets people sell used goods and collectible items (usually non-new stuff or collectibles).
Amazon started out as a book marketplace, but now anyone can sell pretty much anything.
Airbnb lets people list their house or apartment for rent.
Do you think the users on these platforms are making a lot of money? Perhaps some of them are.
But I guarantee you that Etsy, Ebay, Amazon, and Airbnb make way more money than any individual seller makes.
This is the platform effect.
While these platforms likely sustain hundreds and thousands of individual sells and allow them to make a respectable income, the platform that is the marketplace itself is the single most profitable entity in the entire picture.
The robotic factories that build the cars are infrastructure that the company will one day be able to license out to others manufacturing companies.
The manufacturing platform that Tesla has built is arguably their most valuable asset. The tools and technology and the skillset needed to build electric cars at scale are more difficult to build than the car itself.
But the value of building this infrastructure around the product itself means that the company doesn’t have to focus as much on every single car that it makes… the robots do 80% of it for them.
The company can then dedicate resources to working ON the business, instead of IN the business. This enables Tesla to focus on the end-to-end electrical power grid.
This includes installing charging stations across the world so that future customers have a way to easily charge their car in any city or town.
It includes developing the dojo supercomputer to enable artificial intelligence and neural network training and data costs to drop dramatically.
The underlying problem: cost of housing seems extremely high in many places.
Data taken over 400 years (since the year 1620) show that housing prices are in fact extremely high right now.
The price data has been adjusted for inflation, which means it is calibrated so that the value of 1 dollar is absolute across the 400 year dataset.
Although the study is focused on real estate prices in Amsterdam, Netherlands, I will primarily focus on home prices in the United States, and perhaps this should be viewed as a shortcoming of this blog post.
The current state, factors affecting housing:
Record low mortgage rates mean more people are incentivized to purchase homes. Those of us that have purchased homes today are locking in a 30-year rate around 3%, which is good. If the Fed raises rates, then home prices may come down naturally, but the total amount that consumers pay per month (principle + interest) won’t change much.
Migration out of metropolitan areas, to tier 2 and tier 3 cities – due to the COVID-19 pandemic as well as the trend towards remote work means that housing cost in cities should go down, while prices in suburbs should go up.
However, people are starting to move back to the cities. Millenials that moved in with their parents during covid may be ready to leave, etc.
Long-term trends include:
more people renting homes
lower testosterone in males and thus lower fertility rate
women are more career oriented so having few kids
ultimately people are getting married later, which means they are having even fewer kids.
moving more and less stable
So what’s causing higher home costs?
I’m not sure what the ultimate cause is, but here are a few possible explanations. This of course may be wrong… but I’m going to give it a go. Feedback is encouraged.
The graph in Figure 1 above is adjusted for inflation, so I actually don’t believe inflation is the cause of house prices increasing. Nor do I think inflation will really impact the housing market directly over the foreseeable future.
The ones most harmed by inflation seem to be people who hold large amounts of cash, and this is a separate matter.
What about deflation?
While not directly related to housing, discussing inflationary risk should be combined with the possibility of deflationary risk as well.
There are of course people like Cathie Wood that actual think deflation is a greater risk than inflation, and that’s a whole nother story.
Ms. Wood’s reasoning behind deflationary risk is the rapid acceleration of emerging technologies which she believes will drive costs lower. She certainly makes a solid argument.
Is there a housing shortage?
Some say that a housing shortage is driving costs skyward. Based on simple rules of supply and demand, this is worth looking into further.
However, given the free-market economy in which we live (both US and Netherlands), would this not incentivize more homes to be built?
Wouldn’t construction companies be having a ball in this world?
The answer is maybe, but it is complicated.
The cause behind the housing shortage, that I’ve read, is that construction sharply declined after the 2008-2009 financial crisis, which has resulted in a lagging long-term housing shortage, although construction rates have increased since then.
Notice the low rate of construction between 2007 and 2014 in the graph above. This period of low home construction may be the origin of the lag, which could be partially responsible for today’s shortage.
And while there is technically a shortage of inventory, I’m not so sure the shortage is as dramatic as everyone says. While the inventory shortage may be real, I do not believe that the severity of inventory shortage is the primary cause for the current state of housing market.
I’m not convinced that new home construction and increasing inventory will really solve the underlying problem.
As explained in this blog post on this MathBabe blog post, increases in inventory don’t necessarily mean that more people get their own house. Vacant homes are a real risk here, as stated regarding the 2008-2009 financial crisis: “the boom in housing supply gave way to a boom in foreclosures, leading many empty houses to be held by banks for years.”
Is population increase making the housing shortage worse?
The argument that population is continuing to increase which is causing a housing shortage is 100% false.
Population growth (at least in the United States – see link here) is severely stagnating and risk of population collapse over the next few generations is not out of the question. But again, this is
Given these facts, I do not believe housing prices are going up due to housing shortage.
However, the blog post linked above suggests prices might decline a bit, on the basis that the Case-Shiller house price index (based on the ratio of income to house price) is somewhat inflated right now, as it was before the financial crisis of 2008-2009.
I feel the arguments presented in the Calculated Risk blog post are well presented and credible, and that we are not in a bubble right now.
I will not duplicate what the post explains, but I do recommend reading it.
I believe we have a situation where wealthier individuals who own a home have realized the savvy financial play that landlording brings, and have purchased their second or third or even fourth homes – whether for vacation or as rental property, or some combination of the two (i.e. Airbnb).
There are a few reasons for this. Financially, it is generally smarter to own than to rent, so people that can afford to will usually choose to own.
Second, given the high cost of capital gains taxes, homeowners are disincentivized from ever selling real estate once they acquire it. They may transfer equity to another property, but by and large people who buy a home tend to remain homeowners forever.
Once you’re a homeowner, people usually never go back to renting for the rest of their lives.
One might wonder how lowering the capital gains tax rate would affect this, but regardless – that would not solve the underlying problem.
Anyways, we have a trend where wealthier people, maybe the top 20% or 30% of people in terms of net worth, own more than one house, while poorer people do not own houses and cannot afford to buy a house. The most severe manifestation of this problem is when poor people also cannot afford to rent.
starrygordon from mathbabe.org (link) June 4, 2021 at 11:37 am It has been the practice of the Federal government for many years to, in effect, print money and give it to rich people. Since ‘money’ is now actually credit, and since credit is denied to the not-rich, not too much inflation has occurred in the ‘real’ (not-rich-people’s) economy; instead, the new funny money has gone to inflate rich people’s asset prices — stock market, collectibles, luxury goods, credentializing education, politicians and political influence, and so on. The two worlds could get along in parallel as long as the not-rich ate their potatoes in silence. However, there is a cross-over point: real estate. The rich like real estate as an asset, an abstract form of wealth, but even the not-rich have to live somewhere, hence, as rich people’s assets inflate, they drive up not-rich people’s house and rental prices. The not-rich get a little of the funny money through lowered mortgage rates, but that’s about all. As a result, we observe a shortage of, not housing, but affordable housing, and an increase in homelessness. The conditions will continue until the present arrangement is changed or collapses.
The picture painted by starrygordon seems pretty close to reality, in my opinion. Starrygordon explains it quite well when they say that we’re not seeing a housing shortage, but a shortage of affordable housing.
However, there are alternate ideas and quite convincing data that might signal otherwise…
The infamous moniker “you’ll own nothing and be happy” published by the World economic forum, while dystopian, may actually have some merit.
And while the scenario of wealth inequality painted above is related to Monopolistic Ownership, there are a few differences.
The key worry is for me is that, imagine if a single company just bought all the land in a city.
I’m talking every single parcel. Look at the picture of Manhattan in the photo on the right and imagine every square centimeter of land in Manhattan was owned by a single person or company.
A business or organization that did this could undoubtedly control the price of rent, and more.
Thus, they could charge whatever they knew people could afford.
Not what people are happy paying – but MORE than people want to pay, just at the edge of unaffordability to the point where people can technically afford to live there, but just barely scrape to get by.
As Peter Thiel has described in his book Zero to One, great businesses should try to create monopolies for themselves.
Although monopolies are bad for society (and technically illegal), a business is incentivized to try to get as close to a monopoly as possible.
And this is exactly what large investment companies seem to be doing.
If we price out all the land in the United States at that estimate, multiply 2.43 billion by $3160 per acre, then we get an estimate for how much all the rural non-city land is worth in the United States.
Based on the number estimates, this is around $7.6 trillion, or $7,678,800,000,000.
Given that there are companies in the US with a market cap over $1 trillion, (Apple, for example coming in at a whopping $2.91 T) it is certainly plausible that a large company could begin to buy up more and more and more rural land, or even control portions of the United States real estate market.
This wouldn’t only to impact Manhattan real estate and beachfront property. This could result in some type of dystopian price fixing outside of cities, expanding into the countryside as well.
While the issue is complicated, I do not believe the solution is greater government intervention. I think too much government involvement tends to do more long term harm than good, and we want to avoid this as a free society.
Governments should continue to do what they do best, and act like referees on the playing field. Keeping the game fair, preventing monopolies, keeping the country safe, etc.
As explained in the Gold Observer’s blog post, long term effects of too much government intervention tend to be negative, regardless of how helpful it might seem over the short term:
“In response to the crisis governments came to the rescue to bail out banks and support the economy—which increased government debt. The housing bubble was not allowed to fully deflate.” – Gold Observer post
It is unfortunate that we can’t simply let the free market economy run through the natural up and down cycles that will inevitably happen.
The government unfortunately always seems to get involved, bail out the banks, stimulate the economy, etc.
The short term effects of these practices might seem ok or even good to some people, but the long term effects mean that the United States has ended up worse off in the end.
Another example is economic stimulus during the COVID-19 pandemic. Printing so much money is causing long term inflation which unfortunately seems to do more long term damage.
Conclusion – will home prices rise forever?
Will house prices continue to go up, or will we see prices eventually start to go down?
As covered in this post, I think it is a combination of things. I don’t have the answer and don’t claim to. Please think about some of the data points I’ve presented, and consider what some solutions might be and how the future is likely to play out.
What I will say is that construction is increasing. Inventory will soon mean that the economies of supply and demand are better matched so that the people that need homes can purchase them.
While this may do some good, I do not believe this will completely solve the problem.
Wealth inequality is certainly the main cause for concern. For example, as inventory rises, what’s stopping wealthy people from acquiring a 2nd, 3rd, or 4th home, and then renting it out to lower-income individuals?
This is a scenario that might play out, which wouldn’t help the housing costs go down at all.
Only time will tell.
If you took the time to read this, please reach out to me on Twitter – I almost always respond and I’d love to hear what other people think.
Not investment advice – not financial advice. Never invest money that you can’t afford to lose. Every investment is risky. You can lose what you put in!
What should you look for when investing in exponential technologies?
There are a few simple considerations that can help you make better decisions when investing in emerging tech – whether that’s angel investing, buying crypto, NFTs, or even growth stocks.
It goes without saying, but this is not investing advice… do your own research.
When you are not an accredited investor, the difficulty in acquiring equity in a private company much more difficult, but these principles apply to any investment one might make.
You are forming hypotheses and betting on what will happen in the future. Try to buy the future at a discount.
Embrace a long-term mindset
Focus on long-term fundamentals — invest with a 10-year time horizon.
There are many short-term investors out there. Unfortunately, I don’t have insight into the day to day or even quarter over quarter changes in market conditions. Because of this, trading and short term investing is not and never will be a strategy that I follow.
With emerging technologies, quarter over quarter performance is not important. The company’s potential to impact the future is what truly matters. Anticipate how the future might be dramatically different from the present, and find companies building products that will help bring civilization towards that future.
Find the teams and the communities that are doing the right things the right way for the right reasons, not just to maximize short term financial upside.
Leadership is important because a lot of this comes from the top, leadership defines this culture of doing the right thing and building long term value over short term (unsustainable) gains.
Vitalik and Elon embody this. Steve Jobs embodied this.
Buy infrastructure: invest in tools
Cranes and tractors must come before buildings and skyscrapers.
Before applications of a new technology can thrive, the infrastructure and platforms must be in place.
All good buildings start with a great foundation.
Invest in the tools that developers are using to build applications.
Invest in the platforms and infrastructure. In computer technology of the 90’s, this looks like data centers, servers, and hardware.
In bitcoin and blockchain, this looks like Ethereum, Tezos, or perhaps anything that enables the creation of decentralized applications (dapps).
Curate your own information
Some people call this “do your own research” aka DYOR. The point is, no one can tell you where to invest. You have to figure that out for yourself. Before we dive into this section, I’d like to share a quote I’ve saved:
Nobody knows the way. Try to figure it out. Forget school and experts. Figure it out yourself.
Follow ideas from the smartest people in the world. This means following the developers, engineers, and the people that are actually building emerging technologies.
Search for information from these people that is not mainstream. Dig into developer forums, comment sections, infrequently viewed threads, niche podcasts, etc. Ask this question: Where are the users? Where is the innovation?
You can find developer communities on Reddit, Discord, Twitter, and more.
Find the influential minds without a lot of followers.
In addition, follow the big, influential people in our society that are known to be contrarian thinkers. For example, here are a few of the people I follow. (meaning, read their blogs, podcast appearances, interviews, etc.)
Elon Musk, Michael Burry, Cathie Wood, Peter Thiel, Vitalik Buterin, Warren Buffet, Charlie Munger, Ray Dalio, Tim Ferriss, Mark Zuckerberg, Kevin Rose.
Yes, you are becoming a bit of a tech-culture anthropologist.
Focus on a profitable industry.
Invest in founders-led companies that also have a long-term vision, and plan on running the company for the coming decades.
If the founder of the company is still the CEO, that is a good sign.
Form qualitative hypotheses based on every data point that you can find.
I say qualitative because its impossible to know how big when dealing with exponential potential.
Investing in the future is more qualitative than quantitative. Both types of data have their place. I haven’t found a good way to use quantitative data to form quantitative predictions yet. Quantitative data serves the role of predicting where things are headed. You can more accurately predict directional movements, buts it is almost impossible to know when and how far.
General investment thoughts:
Traditional investors tend to look to the past to determine chances of future success. When investing in emerging tech companies that have 1000X potential, ignore this strategy. Focus on whether or not the team will be able to deliver on their mission, and whether or not their hypothesis is correct.
Ignore news related to regulation, laws, data privacy, etc. Although a relevant cause for concern, these problems are all very much solvable and do not hinder the company’s ability to grow and remain profitable.
Dollar cost averaging is overrated. On truly exceptional investments we’re looking for, the earlier, the better.
The value of encouraging people to “dollar cost average” is if they only have so much to invest at any given time, like in the case of getting paid a salary every two weeks and investing 10% of it in your retirement accounts.
Swing seldom, swing heavy.
Although making a big swing early on is the goal, don’t be afraid to buy the dip. On those truly great investments… buying on the upward trend can never hurt.
Yes, this is slightly against what I said about dollar cost averaging.
Examples: Ethereum between 2016 – 2021, or Tesla between 2018-2021
Listen to everyone’s opinion, but be careful which ideas you subscribe to.
Is the company investing in growing the business, or are hoarding cash? For public companies, look on the 10-k annual report, compare net change in cash over time.
When investing in exponential technologies, one of the biggest mistakes you can make is selling too early. Reasons to sell include – fundamentals changing or re-allocation to better opportunities. Additionally, if you end up deciding to sell an investment, consider keeping 10% of the holdings as a “just in case is 1000X’s” bet.
Old school investing wisdom that rings true:
Rule Number 1: Don’t ever lose money.
Always follow Rule Number 1.
Only invest what you can afford to lose.
Be willing to watch your investment go to zero.
You only need one big win to make up for a hundred poor plays.
The best time to sell a stock is never.
Only invest in things that you understand.
Understand the utility of tax-favorable retirement accounts, and use them to your advantage. That’s why they were invented – for you to benefit from as a citizen. HSA, Roth IRA, 401K, etc.
A person only needs 1 or 2 big wins in their lifetime to be set for life.
Don’t be afraid to wait. The money isn’t made in the buying
Borrow ideas from everyone that is smarter than you. Some investing advice contradicts itself. Become comfortable with the mental eustress of cognitive dissonance.
Business professionals end up flying more than expected
Air travel ends up being a big part of the day to day experience of busy professionals.
As I’ve posted specifically about the future of air travel before, at espressoinsight.com, I generally attempt to cover the future of business and emerging technology. To minimize travel stress and maximize comfort, it is important to know how to optimize your experience as a passenger.
Moving to Oahu, Hawaii meant flights between the island and mainland became a regularity.
As taxing on my personal budget as this has been, taking a minimum of a 5+ hour flight everytime I want to go anywhere off-island meant that I quickly adapted to quick a few tricks of the trade of air travel.
I hope these are helpful – not necessarily to hack the system, but simply to make the flying experience more enjoyable.
Airport Hack #1: Boarding time
Oftentimes, when the planes are not at full capacity, you will be able to have your choice of seating if you are last to board the plane. Flying during pandemic times with a large percentage of empty flights is just glorious.
The best seats in first class and even the ones that aren’t quite first class but are still premium seats are often open.
As a bonus, you can opt to find a seat by the window or aisle to your choosing, and may even be lucky enough to get a whole row to yourself as I have a few times.
Boarding late on my flight from San Francisco to Honolulu, more than half of first class was completely open, as well as many seats in the premium / upgraded section, where I was able to find an entire free row.
Words of advice: Even if first class is open (the ones with the lounge chairs and private rooms / pods etc), avoid sitting in first class, though, because the flight attendants will often keep a seating chart to greet first class by name, which would be a dead giveaway for you, in which case you may be asked to move.
Airport Hack #2: Optimizing carry-on luggage
Depending on your ticket, you might not be allowed more than one personal item, meaning no bringing an extra carry on. If this is the case, there is a way to sneak an extra bag on if you absolutely need to.
On personal items and carry ons:Not all of us are minimalists, sometimes we have a lot of stuff to bring with us.
Let’s be honest – bringing extra stuff on the plane isn’t going to hurt anyone. There’s always plenty of room – and even if there weren’t, the gate attendants will start offering people a “free checked bag” directly at the gate, so there’s always a solution.
The bag rules are the airlines’ way of encouraging customers to upgrade their tickets and spend more money.
Heck, I’ve brought my guitar on the plane and stuck it in an overhead bin with absolutely no issues whatsoever. When carrying on such a large item, keep an eye out for bin space anywhere on the plane. You don’t necessarily have to use the bins directly above your seat, just find a spot that will fit your instrument and remember where you put it!
However, to ensure the overhead bin space isn’t full, consider trying to get in line to boared sooner rather than later (yes, this optimizing for Airport Hack #2 goes is the opposite strategy of Airport Hack #1).
Here’s what you do: opt for a small-ish duffel bag and a backpack, and don’t jam-pack them too full. When you walk to the gate and scan your ticket, arrange your backpack so that it is on top of your duffel with the straps of the straps of the duffel wrapped around the backpack.
(show photo here).
Voila, you have technically “consolidated” your two bags into one, and may carry on in peace! To avoid any hassles from the gatekeepers, walk up to the gate attendant with the bags in your left hand, low and at your side, with a big smile and friendly greeting, and scan your ticket / ID with your left hand exclusively.
Airport Hack #3: Masks
Mask hacks: Masks are important an a necessity on all airlines currently, however, often, masks can become uncomfortable when worn for 5+ hours on a flight because they pull on your ears.
An easy fix for this is to bend the metal nose bridge so it squeezes and affixes the mask to your face, allowing the mask to remain in place without the need of the ear-loops. Unhooking your ear loops and balancing the gently pinched mask onto your nose, I have even used a small piece of tape to keep it in place. You be the judge on what’s most comfortable, but I’ve found that it can be nice to give my ears a break from being pulled forward.
Additional options are to find a mask that has looser ear loops so that it is less tight on your face.
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The Cholodny-Went Model is an theory in biology from the 1920s that describes how light energy on part of a plant will stimulate growth of the entire plant by producing and transporting a hormone (called auxin), to other parts of the plant that don’t get the benefit of direct light exposure. This is how root systems are grown, as well as leaves and branches on the lower areas of the plant.
The Cholodny-Went theory is valuable because it serves as a model for processes in any realm – human life, business, industry, education, etc. that result in indirect improvements in other areas.
The model is a good example of how positive stimulus in even a small area can have a large positive impact on something that might be seemingly unrelated.
How can this be applied to life and business?
Self improvement: Apply the Cholodny-Went model to improve your life by realizing that certain behaviors and actions can have an indirect positive (or negative) effect on other areas of your life.
Hiring: Good employees are hard to come by. But if you can get hiring done right, the rest of your business will excel in multiple areas as a result. A company is simply made up of the people multiplied by the systems in place that allow those people to be productive. It is a simple principle: having more intelligent and skilled employees means that your company will do better.
Steve Jobs has discussed how getting “A-players” together results in future hiring becoming a self-policing phenomena where they only want to hire other A-players to work with. By hiring a few A-players at a company and allowing them to work together, a company will likely not only have more productive employees, but also impact future hiring by enabling
Exercise: Doing squats might seem like solely a leg exercise, but the effect of doing this simple workout may indirectly help stimulate hypertrophy (muscle growth) throughout the human body. Squats are so intense and require so much physical exertion that they help increase testosterone throughout the body. Leg workouts are known to have this effect as well, but squats have the greatest effect . This indirectly helps you build muscle and strength in your upper body, core, and other areas. The simple act of exercise does more than improve your life physically. The act of doing hard things and pushing yourself may improve your mental and stress levels in other areas of your life.
Product development: Elon Musk has a common business mantra that goes “focus on making the product great”. By applying the Cholodny-Went principle here, we can begin to understand why Elon believes so fervently in this statement. By improving the product, this has a down-stream positive impact on other areas of the company:
Lower customer support cost: A better product means that the customer support team has an easier job, with fewer bugs and customer issues to solve.
Lower marketing budget: A better product also means that news may spread by word of mouth, so the company needs to do less in the way of advertising.
Better finances: a great product will be one that customers are excited to buy. If customers love the product, they will buy more of them, so the company will be more profitable.
Learning: The world of knowledge is seemingly infinite. One of my favorite instagram accounts shares a large amount of Charlie Munger Quotes.
Using the Cholodny-Went model in your own life
There are many ways the Cholodny-Went model may be applied to life and business.
As CMQ investing has discussed on his substack page, using various models when thinking about problems can help you make better decisions.
Leave a comment and share a few areas where you can apply the Cholodny-Went model to improve your own life!
disclaimer: written by a TSLA shareholder. Opinion. Not investment advice. Do your own research. All information here comes from publicly available sources or is speculation / guessing. Please fact check this blog post.(going overboard on the disclaimer after a particularly funny reddit comment).
Tesla has distinguished themselves as a company that builds both software as well as physical products and hardware.
One of the few companies whose mission appears to be sustainability over profit, they continue to innovate and create the best technology, forcing other players in the market to try to keep up.
Tesla’s Big Goals:
Tesla’s number onemission is to accelerate the transition to sustainable energy. Tesla is progressing in a few main areas to achieve this goal:
produce more affordable electric vehicles
build systems for energy storage
be the best at manufacturing
The CEO of Tesla, Elon Musk, has stated how he believes “you have to have a goal”. Following his earlier statement, Elon kept his word – the company’s goals were concisely outlined during the Tesla battery day event this past September.
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Goal 1: Tesla building Affordable Electric Vehicles
Today, less than 1% of the cars on earth (the “global fleet”) are electric. To increase this, Tesla will build a car that anyone can afford. Tesla has announced plans to build a $25,000 electric car.
With what started as a luxury, high-end car, Tesla is working towards reaching economies of scale to move towards high volume production of a car for the mass market.
Once Tesla reaches full-scale manufacturing and production, Tesla wants to produce and sell 20 million cars per year, enough to replace 1% of the gasoline cars with electric vehicles.
To achieve these numbers, Tesla must increase production of their cars by 40X compared to their 2020 manufacturing numbers.
Elon has hypothesized that internal combustion engine industry WILL NOT EXIST in the future, aside from perhaps in museums and hobbyists.
Autonomy & self-driving cars:
Creating self-driving cars is not directly related to reducing carbon emissions, yet it does provide a few solutions that will make buying a Tesla an extremely attractive purchase:
Safety. Autopilot, designed to avoid collisions, has the potential to save the lives of at least 40,000 people per year that die in automobile fatalities. With traditional automobiles, accident probability is 2.1 collisions per million miles. With Tesla autopilot, the probability is 0.3 collisions per million miles.
Entertainment will be important in the car once human attention is no longer just being used to drive. This could include video games (the vehicles already have a number of games available), socialization, reading, working, etc.
It is hard to say just how valuable autonomy is to each customer, but the parameters are as follows: Since autonomy is valuable to cars at an individual level, the value of autonomy for Tesla = value of each car * value of autonomy per vehicle.
Full-self-driving technology BETA version feels like it is close to being released to the market after seeing a few of the CEO’s recent tweets on the subject.
If the FSV features help the company sell more cars, then the company is that much closer to achieving its mission of an automobile economy based on sustainable energy.
Goal 2: Energy Storage – Tesla Batteries, etc.
To be truly sustainable, energy must be accessible and affordable to everyone. Tesla plans to make vehicles and grid batteries that cost less. This includes reducing the cost of energy per kilowatt hour by one half.
At Tesla battery day, the heads of the company mentioned that reducing the cost per kilowatt hour of batteries is not happening fast enough. This was demonstrated by showing the curve of cost per kilowatt hour of batteries and the slow rate of improvement. Its flattening out, as shown in the photo above.
Tesla is al re-engineering the battery cell design, manufacturing, and production processes to create more affordable cells.
Tesla batteries are cylindrical, and newer versions are larger (bigger cylinder cells cost less)
Tab length in batteries: older batteries had tabs located at anode and cathode ends, which added to the distance an electron has to travel through a battery. Tesla got rid of tabs, so the electron only has to travel a shorter distance, making them more efficient.
Battery filler is not only flame retardant, and it is a structural adhesive. Glues cells to the top and bottom of the sheet.
Battery cells are load-bearing, made of steel, dual-purpose as the structure of the car itself. (see below)
Anode: Tesla uses silicon instead of graphite (graphite is carbon based) for the anode. Silicon is the 2nd most abundant element on Earth, present in Earth’s crust as silicon dioxide, commonly known as sand). Stores 9x more lithium than graphite. Problem with silicon is that it expands in the cells. They use raw metallurgical silicon and design batteries to be able account for expansion.
Cathode: the cathode holds the lithium and retains its structure. Nickel is the cheapest and has the highest energy density, but Nickel presents challenges with chemical stability. Cobalt is more expensive, yet more stable than Nickel. For the most energy intensive batteries (like the semi-truck or the cyber-truck) they will use full nickel. The goal is maximizing nickel and gradually removing cobalt from battery manufacturing. The company has added coatings and dopants to stabilize nickel in the batteries. Cathode materials are purchased and priced based on the London metal exchange (LME).
Lithium: lithium is plentiful in the US, Tesla already has access to enough for every car (once they are building 20M+ per year). The company mines clay containing lithium in areas of the US where the ground has high concentrations. They extract the lithium via an environmentally friendly process involving table salt NaCl. After mixing it with salt and water, the lithium is extracted because lithium bonds extremely strongly to Cl-. The lithium effectively knocks off the sodium atoms, and we are left with LiCl salt, which the company can use for their battery manufacturing.
The company will eventually recycle materials in the used batteries to make new batteries.
Goal 3: Manufacturing
In addition to the number one goal of accelerating the adoption of sustainable energy, Tesla wants to be the best at manufacturing. Elon stated Tesla needs to be “better than anyone at manufacturing”. The company has created a vertically-integrated car from the ground up. They build everything in house, outsourcing little of the process.
The remarkable thing being built by Tesla is actually not the car, but how. The way the company built the car, with heavily automated robotic factories is impressive.
Tesla is building 4 types of products for consumers:
Energy generation (solar panels / solar roof)
Energy storage (Tesla Powercell) – customers want the freedom to charge at home. The Tesla Powercell product allows people to do so.
Electric vehicles (cars and trucks)
Automated factories. The company has engineered machines to build the car, supporting the creation of each product. While these three products are very much in the foreground, the importance of the robotic factory in the background has given Tesla a wide competitive advantage that will be extremely difficult to copy.
Sustainable factories include car factories built with solar.
Factory close to consumers (on each continent) shortens the supply chain, quicker delivery to customers. Factory in Fremont California, Nevada, Austin TX, Berlin, Shanghai China.
Tesla is the only American car company with manufacturing facilities in China.
Largest casting machine ever to make the front and rear casting in one piece.
The ability to do more with less is an important strategy in engineering for elegance.
The company focuses more on metrics within the context of product improvements and manufacturing than purely financial areas. As of Battery day, the company reported:
Reducing number of parts in the car: now 370 fewer parts.
Reducing floorspace required in the factory by 35%.
Ensuring each cubic meter of the factory floor does useful work.
Stop using cobalt in batteries, mainly use nickel now.
Materials engineering the frame of the car: Developed their own high-strength casting alloy of aluminum that does not require coating or heat treatment. (Heat treatment historically causes alloys to lose shape)
Shortening the supply chain for resources: Reducing miles traveled by materials that end up in cathode by 80%.
10% mass reduction in the car.
14% range increase
“Electric energy costs are half those of diesel. With fewer systems to maintain, the Tesla Semi provides $200,000+ in fuel savings and a two-year payback period.” – Tesla.com
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4 ways you can invest in space technology companies:
1. Angel Invest
Become an angel investor and fund private companies and pre-IPO startups.
Platforms like Forge provide retail investors a gateway to pre-IPO companies.
Many space tech companies on the 2020 Espresso Space 200 are private companies and raising or have raised venture capital in the past.
2. Exchange Traded Funds
Another option is investing in an Exchange Traded Fund focused on space exploration.
A few popular ETFs that focus on space tech include:
ARK Innovation ETF (ARKK)
SPDR S&P Kensho Final Frontiers ETF (ROKT)
Procure Space ETF (UFO)
All of these ETFs may be purchased from TD Ameritrade, for example.
3. Indirect Investing
Invest in publicly traded companies that have stake in space.
Google’s parent company, Alphabet, for example, has invested in SpaceX.
By buying shares of Google, you are indirectly gaining exposure to SpaceX.
4. Publicly Traded Businesses
There are a good number of publicly traded companies that provide products and services directly related to aerospace, rockets, and futuristic space exploration.
Investing in these publicly traded companies is a good way to gain exposure to a larger more established organization that’s also doing exciting things building space exploration systems and technology.
There are quite a few of these on the 2020 Espresso Space 200, but a few are listed below.
Procrastinating is a sign of intelligence. You don’t want to stop procrastinating, you just need to use it strategically.
One of the greatest business minds of our generation used procrastination as a tool to achieve success.
Steve jobs would procrastinate on certain tasks right in front of him. He would use this time as an opportunity to explore creative areas that were perhaps less conventional, but would prove extremely valuable to himself and the business.
Jobs carefully considered where his time was spent during each moment of his life. Diverting energy and time from one task allowed him to focus on unique and larger ideas.
If you are naturally intelligent, you may tend to procrastinate on dull and profane tasks.
By procrastinating, you are subconsciously searching for meaning. You are looking to exert your energy towards something more important.
Procrastination makes you feel like it is hard to get things done.
But the opposite is true. When you procrastinate on one task, you are normally incredibly efficient at another, less urgent (but still relevant) task.
I commonly hear that as people halt the efforts toward an urgent task, they exert energy towards something like cleaning. And the surprising thing is that they normally report cleaning their entire house/apartment, despite having something else seemingly important waiting off-hand.
Our goal is to move from wasteful procrastination towards productive procrastination.
Wasteful procrastination is when you aren’t making progress towards any of your goals.
Productive procrastination is when you postpone one task, while taking care of another important task.
To allow ourselves to exert productive procrastination effort, we need to outline our goals, then create tasks that map to those goals.
By having an outline of these, we will be able to selectively choose where we exert our procrastination efforts.
Here are a potential list of goals that you may have.
Pass professional certification exam for your 9–5 job.
Deliver exceptional work to clients at your job.
Grow your blog on the side.
Grow a following on Quora.
Learn to make and edit YouTube videos.
Let’s think about how we can leverage procrastination to exert creative effort towards achieving all of our goals.
Here’s a story:
Perhaps you have been studying for your exam for a few hours. Eventually, your focus drifts off and you open up YouTube and go down the rabbit hole of videos.
One of the goals on your list had something to do with YouTube. You want to learn how to make and edit YouTube videos. As you “procrastinate” by browsing YouTube, you’re not just mindlessly watching videos. You are watching with intention, observing and learning what makes an appealing and interesting YouTube video. What types of headlines are successful creators using? How do the thumbnails of the best videos look? Does the content appear scripted? How long are the top videos?
As you exert this type of distracted yet productive energy while “procrastinating”, you’ll eventually begin to get some ideas for your current YouTube projects. You’ll also start to understand what makes a good YouTube video. This will help refine your vision.
Perhaps you start to procrastinate some more. You take a break from YouTube and go for a walk. On your walk, you shoot a few video clips of cool stuff you see in your neighborhood – nothing fancy, just on your iPhone. Street art, interesting buildings, uniquely shaped trees, you and your friend, whatever. The beginnings of your YouTube creation project.
The day is coming to a close, and you decide to meet a few friends for drinks. As you the conversation progresses, you share a bit about the projects you’re working on in your current job. Since you work in similar industries, your friends give you some ideas about those projects, and you give them a few ideas as well.
The next morning is Saturday, and you feel guilty for sleeping in late. Surprisingly, you have no hangover.
You begin to remember a few ideas for your clients. Although it is Saturday, you don’t want to forget these ideas, so you go ahead and write them down on a document. Before you know it, an hour or two have passed and you’ve actually made a lot of progress on the client project. You realize that this will make your life much easier in the upcoming week.
Your attention begins to divert as you looked something up on Google that brought you to Quora, and now you’re going down another rabbit hole of Quora content.
One of your goals is involving growing a following on Quora. Just like how you used dedicated intention and focus towards learning about YouTube, you can do the same here. As you read a few click-bait answers, you realize you could write just as good, if not better answer than some you’re seeing. You go ahead and answer a few questions that spark your interest. Little do you know, these answers you write will start getting a few views! Perhaps you can use this content to drive traffic to your blog as well?
So, to review:
How did we leverage productive procrastination in the story above?
By procrastinating on studying for the exam, we were able to watch YouTube videos and learn more about what makes a good video.
When we went on the walk, something seemingly relaxing turned into a chance for us to gather some raw footage to use in our YouTube project.
As we grabbed drinks with friends, we not only were able to socialize and blow off some steam, but we were able to get ideas and input from others about a few of our projects, and leverage this to help us move forward the following day.
Although oversleeping on Saturday may have consumed a few hours of our morning, the extra sleep surely helped us avoid having a hangover and we were thus able to be quite productive out of nowhere.
Although spending a few hours on a Saturday doing work, it was surprisingly enjoyable as we were able to relax and think freely without the common week day interruptions like emails, meetings, etc.
While we got distracted from the work we were doing on Saturday, we were able to divert this attention towards a few of our other goals – building a following on Quora and growing a blog.
Never forget that the time you spend “procrastinating” are minutes, hours, and days of your life. What you do makes you who you are.
Don’t worry so much about procrastinating.
Focus on what excites you.
In addition to your responsibilities, leverage that excitement to exert productive effort towards your goals.
Do you have an altruistic dedication to protecting the environment? Recycling gives each of us an opportunity to do our part… or does it?
In this post, we’ll discuss garbage collection and recycling – how it works, what it does, and why its not perfect. To answer these questions, I visited the Shoreway Environmental Center in San Carlos, California. Adjacent to highway 101, Shoreway is California’s “greenest” recycling center and transfer station. This means that Shoreway serves as “a national model for sustainable building practices”.
As I arrive, park, and walk up, my nostrils are infiltrated by a smell reminiscent of battery acid and vomit. The dusty, chemical stench smells like a stomach ache.
Out front sits an array of 10-15 solar panels — a supplement to 2,700 others which, on good days, produce enough energy to power the entire facility. A huge cylindrical rainwater tank sits nearby. For the 70,000-square-foot facility, the roof and groundwater collection mechanisms are quite efficient – the tank requires just two inches of rain to fill.
I greet the tour guides, sign a waiver, and slip on a bright yellow construction vest, joining a large tour group of what seems to be a school field trip.
As the tour begins, my nose has acclimated and no longer notices the metallic non-natural smell. I can only imagine how my clothes and hair will reek when I get back to my office. Ew.
ReThink Waste, the organization in charge of hosting tours, does introductions. The facility covers jurisdictions from Burlingame to East Palo Alto. The Shoreway center is made up of a few different departments and organizations:
– Public Recycling Center, which offers public service for drop offs of certain items.
– South Bay Recycling
– Recology, is the waste hauler, which serves 93,000 homes and 11,000 businesses every week, picking up landfill, recycle, and organic waste.
– Transfer Station, which is the place where solid waste is dropped off after being collected by hauler.
– Materials Recovery Facility, which is “used for the unloading, processing and shipment to end markets of recyclables from homes and businesses”.
From employing people and vehicles for neighborhood pickup, to managing the complex robotic conveyor-belt systems, the combined efforts of all partners cover the complete recycling and disposal process.
As we enter a 3-4 story-high ceiling warehouse, tall, automated machinery creates a pandemonium as rubbish is sorted by conveyor belt, as seen here. In the distance, a Caterpillar construction vehicle transports piles of cardboard back and forth. To the vehicle’s left sits several wire-wrapped bushels of cardboard stacked cubically.
With walkways outlined by newly painted yellow handrails, the space we occupy is surprisingly clean next to the work area’s appearance below.
For legal reasons, the facility cannot possess waste or recyclables for more than 72 hours (compost is different, since it has to cook). This fact is apparent and proven by the degree of focus and attention exhibited by each orange vested worker. The plant processes 620,000 pounds of recyclables and 930,000 pounds of compost every day. Despite being a literal “dump”, the facility is incredibly well organized and flows quite efficiently.
Here’s a look inside the facility:
All of the waste you see moving through the conveyor belts came from homes in the Bay Area. At each house, you have three separate waste receptacles, one of each for compost, recycle, and landfill. By design, the landfill bin is the smallest of the three. Unsurprisingly, the landfill bin also tends to be the one completely full each week before pickup.
Once sorted, the facility relies on a number of partners to accept the waste. It is shipped overseas where companies accept it, although there are a few challenges.
Global Markets and Partnerships for Recycled Items:
Although almost every consumer good is sold encased with some type of plastic. So many things come in plastic, and
Plastics, which are made from fossil fuels, are not easily recycleable in the U.S., because its too expensive. Because of this, the US doesn’t recycle plastic bottles (if someone can figure out why else we can’t, please let me know(**link to google form). We actually ship things around the world just to recycle them. Because of this, partnerships and commodities markets for plastics matter for recyclable items.
relies heavily on partnerships and….
The United States relies on markets.
Certain regulations in
Historically, the United States has relied on agreements with with China and other countries overseas that have the capacity to process, refine, and reuse the recycled certain items for which there is no market for in the U.S., such as plastics.
Unfortunately, these agreements changed this year. Now, only very specific types of recycled items can be traded overseas.
Recycling is driven by markets – numbers on the plastic containers mean different things. Some markets are better than others.
Recycling partners overseas not taking as much recycling?
China? Now we must send to other countries, like vietnam etc. But an agreement with China recently fell through where they don’t accept our plastic any more.
One reason that partnerships are falling through is contamination levels were too high (metal to plastic ratio, food residue, etc.) Think about a plastic peanut butter jar, for instance. Before the recycled plastic material can actually be used, the residue peanut butter has to be cleaned from inside the jar. How much energy does that consume? It may take an average person a few minutes and a lot of soap and water to clean it out. Water is also a precious resource, and that process consumes a lot of water.
More on Recyclable Materials
Cleaning used items such as peanut butter jars, Separating items composed of more than 1 type of materials is difficult. Cleaning used items such as peanut butter jars experience a similar fate. Both of these types of items tend to go in the trash as the most efficient disposal method.
There are a few specific requirements when it comes to certain items.
Rubber goes in the trash.
Black plastic cannot be recycled, it must be thrown away
You can bring old couches and mattresses to Shoreline’s facility as well. They will remove the metal, since there is a market for scrap metal in the US.
Metal items such as steel, aluminum, copper, etc. These items, like the mattress components, tend to be more valuable, so there is a natural incentive to recycle it. You can take pure scrap metal to a facility and trade it in for cash.
Electronic waste – such as batteries or computer parts – require careful disposal. You should think of these items as hazardous materials. Batteries can be put in an orange or clear plastic bag and placed on top of the black bin. Inside the garbage or recycle is the worst place to put electric waste – and can even be dangerous. When in doubt, wait and take them to a Best Buy or Ikea, which accepts used batteries and other electrical items. In September 2016 a lithium battery started a fire that destroyed many machines and caused the entire Shoreline facility to shut down for 4 months, costing about $8.4 million overall.
Cardboard products may still be sent overseas.
Glass is sent to a local California winery for that accepts glass bottles.
Someone asks “what do you do with styrofoam?” The group then learns that many places in San Mateo county are supposed to be getting rid if styrofoam altogether. Hopefully, we won’t see it as much.
Where Do Most of These Items End Up?
Utilizing both man and machine, the imprecise process of sorting recyclables is one that is only partly effective. Many materials still end up in the landfill.
Situated at the final conveyor belt in the entire automated warehouse was a lady with quick hands and attentive focus. Here, she alone is tasked with saving any missed recyclables from entering the landfill. Her job, reaching over a fast paced conveyor belt, was to hand-select with burlap gloved hands, bottles and cans and other items with a higher recycle market. Currently, its not possible to recycle 100% of everything that is recyclable. Of course many items are missed, and just ends up in a landfill.
Landfills often tend to be the best option for non-recyclable items. Most of the collected waste will end up in a landfill located in one of Northern California’s most beautiful coastal areas, Half Moon Bay.
There is a Landfill in Half Moon Bay, and they estimate they have about 15.5 years left in the landfill. 15 years sounds like a long time, but the fact that there is a finite amount of time left before they have to find a new landfill highlights a significant point that I described in a previous article (link to your other one) – garbage, especially those materials that don’t break down, will be on earth and in a landfill FOREVER. those materials will never ever go away.
Next time you walk down the aisles of a grocery store, observe the tens of thousands of products encased in plastic. Where do you think most of that plastic will go? Well, now, you know. What’s missed by the automated conveyor belts and team heads to a landfill in a small, coastal town, named Half Moon Bay to be stored underground forever. Think about that next time you buy a case of twenty-four plastic water bottles for $1.99.
Maybe, manufacturers should be responsible on bearing some of the burden of recycling, rather than municipalities.
But there truly aren’t any potential solutions. Companies like ODMI doing something pretty special. They are raising awareness at schools about pollution at oceans and beaches.
Given that it costs more to prepare these types of items for recycling than they are actually worth. To combat this, plastic is being burned as a way of disposal. Surprisingly, incinerators are actually quite environmentally friendly. They’re designed to release fewer emissions than a backyard charcoal grill.