Are EVs as ‘Green’ as They Appear?

Wednesday, December 29, 2021 Francisco 1 Comments

No one asks questions these days, you don't have to justify if you say it's green it must be . No questions asked. people only want to look good. 

at the moment batteries last at best 130,000 miles, however an EV to justify his carbon cost must be used at least 124,000 miles. So at the moment when someone switches to an EV is helping the ecosystem exactly zero.  Sorry. But pls keep doing it at lest you feel good and pay a lot of money for a machine that does exactly the same with less autonomy.



April 14th 2021, Jefferies published a research note entitled “Are EVs as ‘Green’ as They Appear?” in which they conclude an electric vehicle must be driven 200,000 km (or 124,000 miles) before its “whole of life” carbon emissions equals that of an internal combustion engine.

 

Their analysis is very similar to ours and details the tremendous amount of energy (and by extension CO2) needed to manufacture a lithium-ion battery. Moreover, they point out that a typical EV is on average 50% heavier than a similar internal combustion engine, requiring more steel and aluminum in the frame. They conclude the “embedded carbon” in an EV (i.e., when it rolls off the lot) is therefore 20–50% more than an internal combustion engine.

 

Our analysis suggests a modern lithium-ion battery has approximately 135,000 miles of range before it degrades to the point of becoming unusable. An extended-range Tesla Model 3 has an 82 kWh battery and consumes approximately 29 kWh per 100 miles. Assuming each charge cycle has a ~95% round-trip efficiency and a battery can achieve 500 cycles before starting to degrade, we conclude a Model 3 can drive 134,310 miles before dramatically losing range. Incidentally, Tesla’s Model 3 warranty covers the battery for the lesser of eight years or 120,000 miles and does not apply until the battery has degraded by at least 30%. If the Jefferies analysis is correct (and we believe it is), then an EV will reach carbon-emission parity with an internal-combustion vehicle just as its battery requires replacement. This will come as a huge disappointment for those believing that EV adoption will have significant impacts on CO2 reduction.




Jeffreies Research note




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America is the new Europe

Tuesday, December 28, 2021 Francisco 0 Comments

 No babies, lots of debt and no Growth that is Europe and Japan


The USA is copying us. Good luck!












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One Idea for 2022

Monday, December 27, 2021 Francisco 0 Comments

 Inflation is going to disappoint


the deflation argument is :

1.Goverments all over the place spent huge amounts of money and could not produce serious inflation. To Borrow money is to anticipate spending.

2.Technological advances are moving faster

3.If something does not materialize when it should the opposite is going to happen

4.Debt is very deflationary. The empirical evidence overwhelmingly supports the view that a large amount of government debt has a negative impact on economic growth potential, and in many cases that impact gets more pronounced as debt increases

5.Japan has the most debt and can't produce inflation. Europe followed japan and can't either and now USA is copying Europe.

For the Inflation case:


Economy = Energy

we will need all sources of energy, all, fossil, solar, wind nuclear etc... all. If Governments don't figure this out oil might go to USD 200 and we will have inflation in food and in everything.

Deflation is very good for the poor and is the natural state of things, outside war we always have deflation. Do more with less.


I think Inflation is going to disappoint. We are copying Japan & Europe.




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Christmas Present

Thursday, December 23, 2021 Francisco 0 Comments

 


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Back to middle ages in 1 week

Thursday, December 23, 2021 Francisco 0 Comments

 If power prices fluctuate there will be no power shortages ever


the day this socialist governments of Europe decided to curb the prices there will be shortages


My house is not prepared to be more than 24 hours without power


I think we will be back to middle ages in 1 week. a big exodus from the city and big profit for anyone who has a truck and gas in the tank











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If voting made any difference

Wednesday, December 22, 2021 Francisco 0 Comments

 “If voting made any difference they wouldn't let us do it.”

― Mark Twain




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My Christmas Card

Wednesday, December 22, 2021 Francisco 0 Comments

 




LFO Landing page

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It happens to me all the time

Tuesday, December 21, 2021 Francisco 0 Comments

  





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We have a natural Vaccine

Tuesday, December 21, 2021 Francisco 0 Comments

We have a natural vaccine. The best.


If no one dies , it's like the Flu.





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Why Stupid people do so well

Tuesday, December 14, 2021 Francisco 0 Comments

Because they are not afraid , they just do it. A lot of intelligent people hesitate all the time. If you see something that works and you just copy you might feel stupid because not everybody is doing it yet. But it usually works as long as you respect this wonderful quote from Warren Buffet

“What the wise do in the beginning, fools do in the end.” Warren Buffet 



 "People feel deep anxiety finding out that someone they thought was stupid is actually more intelligent than they are." -

Nassim Nicholas Taleb


If you want to improve, be content to be thought foolish and stupid. 

Epictetus



The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.

Bertrand Russell




To be stupid, selfish, and have good health are three requirements for happiness, though if stupidity is lacking, all is lost.

Gustave Flaubert

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If you want control you can't live

Monday, December 13, 2021 Francisco 0 Comments

 Even the NYT reach the conclusion, Coronavirus is not going to disappear. So it's better to start living again. 

My take as everybody knows is that countries that did nothing (Sweden ....) had

the same results as countries where people were locked and masked etc...

In the US states that did not destroyed the life's of their citizens had the same results as California that destroyed jobs, lives and companies. It was an option.

The result is that people are moving from California to Texas & Florida. It's everything better.






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I predict future happiness for Americans, if...................

Wednesday, December 08, 2021 Francisco 0 Comments

“I predict future happiness for Americans, if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
― Thomas Jefferson



 “There is no justification for taking away individuals’ freedom in the guise of public safety.”

– Thomas Jefferson




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If you spend too much time thinking about a thing..............

Tuesday, December 07, 2021 Francisco 0 Comments

 We have a strategic plan. It’s called doing things, Herb Kelleher, American billionaire airline executive and lawyer

"He who works all day has no time to make money." - John D. Rockefeller


I think both this phrases are right. I see more trouble from people who think & think & think and don't start. The people who don't think a lot and just execute turn out to do better than the thinking ones.





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The triumph of big government

Friday, December 03, 2021 Francisco 0 Comments

 

I am an optimist and I truly believe that the good old times were not good and that we have amazing opportunities if we live in the free world.

However I noticed that these days the young vote left. There is no more soviet Union to visit, we don't watch people risk their lives to escape Communist Germany etc... People think it's a good idea to let government run things. Everybody wants more social, more taxes and more government. BIG Government triumphed in Europe and now in the US.

If you are rich because you help other people, yes the rich people did something for others, solve some problem, create some benefit for society. Sometimes people portray the rich like villains and the people that have nothing, did nothing and help no one as "good people" 

To me money = virtue  you must have done something good for people to buy your product, solution, game, service. Yes Jeff Bezos did a lot for me and I gladly gave him some of my money. He deserved my money. Since he can help millions of people he is rich. If you can impact millions you became very rich. With the internet now that is possible. 

With the Triumph of Government we must be ready for a perfect world that doesn't work. Instead of having an uncertain world where some people fail and some people are rewarded  we are going slowly for a world where no one can fail , everybody is a winner of nothing.

No Risk No fun


"The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive." Thomas Sowell







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Market Timing

Wednesday, November 24, 2021 Francisco 0 Comments

“There is time to go long, time to go short and time to go fishing.”

- Jesse Lauriston Livermore.



The big funds with Billions of assets always say that you can't market time. One thing I know the big funds can't move, they are too big. They can't  but small investor can avoid turbulence and disaster. don't buy into the big houses speech. What is market timing, it's to  step aside time to time.


In Mark Spitznagel book he gives this example:


you have a dice game where

if 1  you gain 50%

if 2    you lose 50%

if 3,4,5 or 6 you gain 5%


average is 3,3%, positive

In the Real world , you don't want the average you want the geometric average. (The idea is if you make 50% in the first draw your capital goes from 1 to 1,5, next play you are going to play with 1,5)

if you invest USD 1 and 1 comes, you end up with 1,5 (up 50%) , if 2 is the next number your account goes to 0,75 (lose 50%) , if 3, 0,79, if 4 0,83, then 0,87 and finally when 6  show's up you end up with 0,91

despite a positive arithmetic average the geometric average is negative! you lose 9%!!!

Conclusion: do everything to avoid a big loss, if you are a airline pilot avoid crossing turbulence zone , always avoid turbulence.

If you are an investor and want to know more about this, what to do and what not to do contact me directly.

our corporate email is 

geral@lisbonfamilyoffice.pt

If we don't answer promptly is because we got a lot of emails.

IF you want to save some time our idea to solve this problem is this


If you panic,  panic fast! 





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Do what you love is really a bad advice

Monday, November 22, 2021 Francisco 0 Comments

 First, “do what you love” rarely creates money fast because more than likely, not only are you doing what you love but thousands of others love doing the same thing.

MJ de Marco


So why is the field for personal trainers so saturated? simple. People follow the espoused guru-esque advice without reflection on need: "Do what you love." Unfortunately, if you love doing it, bet on thousands of others loving it too. When you do "What you love", prepare to face stiff competition. Who enjoys higher margins? The personal Trainer? Or the guy who starts a company to clean up crime scenes?

MJ de Marco


I couldn't agree more, not so nice professions and jobs pay much more than glamorous and nice jobs with good visibility. who wants to be a plumber? everybody wants to be a executive with a nice suit.....

there are many reasons why Do what you love is a bad advice

1.If you Do what you love pretty soon you are not going to love it anymore. If you hobby becomes a job pretty soon you will have another Hobby. Do what you love can kill your love.

2.If you Do what you love you narrow your focus and compress your possibilities. If you do what the world needs you can do anything.

3.I don't care if a CHEF loves to cook if the food is horrible no love can compensate. You should do something that you have an advantage an edge.

My advice do what the world needs.




0 comentários:

I am not Ok with this

Friday, November 19, 2021 Francisco 1 Comments


I am not a kid and I don't like to be treated like one.

It's better for my health not to smoke but government warns of the risks and I decide. Tobacco can have side effects on other non smokers despite this it's not illegal to smoke. It's your decision. Tobacco is a big cost to Healthcare but people can decide what to do.

No one wants a risk free world, a risk free world is a prison

I don't want to live in a Prison

People can eat until they die it's ok

People can sky dive it's ok

People can drink until they die it's ok

People should live their lives as they seem fit. The Government can warn of the risks but it's all.


Every experiment of letting Goverment decide what is best has been a disaster and don't forget Government has the Monopoly of violence. Government should be limited, Government must be contained. That was the reason for the Constitution. But if constitution can be suspended is worth zero.


Difficult to figure out what to do.


“When injustice becomes law, resistance becomes duty.”
― Thomas Jefferson



1 comentários:

Genius is 1% talent and......

Thursday, November 18, 2021 Francisco 0 Comments

 

"Genius is 1% talent and 99% percent hard work..."
— Albert Einstein





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Message to socialists

Monday, November 15, 2021 Francisco 0 Comments

 Message to socialists -

"Fair share" of tax means a flat tax (same %) for all taxpayers who pay tax. It does NOT mean fleecing the super wealthy by confiscating their wealth. After income tax/capital gains tax/wealth tax and inheritance tax, some nations take 65-70% of wealth.

PURU


No one wants fair share, what fair share means is confiscation, is to take everything until everybody is the same. 

0 comentários:

Not yet

Wednesday, November 10, 2021 Francisco 0 Comments

 

Bubbles go much further than anyone expects



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What the wise man does in the beginning......

Monday, November 08, 2021 Francisco 0 Comments

 

The greatest of all investment adages states that “what the wise man does in the beginning, the fool does in the end.” 


However if you really have to be in Crypto now looks like a good time not to look fool.





0 comentários:

self-education will make you a fortune

Friday, November 05, 2021 Francisco 0 Comments

 

“Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young.”
― Henry Ford


“Formal education will make you a living; self-education will make you a fortune.”
― Jim Rohn




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NO ENREGY; NO PARTY .......

Wednesday, November 03, 2021 Francisco 0 Comments

Energy Transition? What

Unfortunately, the more fundamental evidence doesn’t support that hope that global energy use will decline meaningfully in the foreseeable future. The global population increases by about 1.1% each year. Each of those 80+ million people uses energy. The standard of living differential between economically less developed countries and the more advanced economies is stark, and standards of living do rise, which entails more energy consumption.

Murray Stahl. Chairman/CEO/Chief Invsmt Ofcr, Horizon Kinetics LLC 

My Take:

Unless we are going to change the way we live, or we will prevent to poor to improve their lives we will need all sources of Energy. ALL

Even on 2020 the world consumed 91 million oil barrels a day. 91 million!!!

Steve St.Angelo says the world to consume 100 million barrels a day is like driving a car at 100 miles an hour, you can but it's not good for your car and your safety. We are going too fast. The world is going too fast.

Since solar & wind are so unproductive technologies we can't replace oil & nuclear even if we cover the world with solar panels. 

These Renewable energies are not renewables, everybody  knows that solar panels go to scarp every 15 years and wind blades become ineffective sooner than that. We need to mine cobalt, lithium to build these panels they are not renewables. 

Conventional oil peaked in 2005

Unconventional oil is doing things that are really not good for the envoirment , injecting water and sand and fracking etc.... productivity is falling rapidly

Deep water drilling is difficult and expensive

solar & wind are unreliable and are not renewable

If we want to keep living the way we live and permit the poor to have what we got one day we will need to:

1.Invest in saving energy technologies

2.Invest in Nuclear (but nuclear needs lot's of rare materials & huge investment )

3.Invest in small solar & wind 

4.Invest in fossil 

Despite this I believe we are going to slow down , yes we are going to slow down. No Energy no party, you can invest in all the energies with high EROI that you will make money. Even in wind and Solar very low EROI you might make some money.


how is this going to happen? The price of energy is going up if we try to stop investments in the most productive energy (oil, nuclear etcc... ) it will be faster. 








0 comentários:

Play every match like it may be your last

Tuesday, November 02, 2021 Francisco 0 Comments

 “Play every match like it may be your last,”

Novak Djokovic


"How ridiculous and how strange to be surprised at anything which happens in life"

Marcus Aurelius (Meditations)


From Ron Baron quarterly letter

“The Blink of an Eye.” Rabbi Elliott J. Cosgrove. Park Avenue Synagogue. 


Rosh Hashanah. Jewish New Year. 5782. September 7, 2021. On Rosh Hashanah, the Jewish New Year 5782, the Rabbi of New York City’s Park Avenue Synagogue where many of my friends are members, delivered a “who shall live, who shall die” sermon several thought I should read. The sermon encompassed two chilling stories that illustrate the fragility of life and make you ask “Why?” and “What if?” In the first story, a rising college senior and member of that congregation was in a car accident in Chicago. The accident was so serious he had to be taken from his vehicle with the “jaws of life.” Miraculously, the young student escaped with only bruises! Regardless, he was taken to a nearby hospital for an MRI to be certain there was no concussion, which proved to be the case. However, the MRI, unexpectedly, detected a rapidly growing brain tumor that would have soon become inoperable threatening that young man’s chances to survive. The student was operated upon and was in the Rabbi’s congregation in September. If the student had not been in the accident, it is unlikely he would still be alive. In the second story, two weeks after the accident in the first story, a rising college junior, also in Chicago, was in his car driving when he was hit by a stray bullet. The bullet severed his spinal cord from which there could be no recovery. Three days later that young student lay paralyzed in a hospital bed, unable to breathe without a ventilator and able to communicate “yes” or “no” only by blinking his eyes responding to an alphabet board. With his family and friends at his bedside, he signaled his mom by blinking that he was ready to die. The Rabbi then told his congregation that it was hard to understand the meaning of these random events for which only seconds meant the difference between life and death. In the first instance, were it not for the accident, the tumor would not have been discovered, and the student probably would have died. In the second, if the student had taken an extra second to tie his shoelace, fumbled for his keys, or taken a call on his cell phone, he would still be alive!

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Freedom is

Friday, October 29, 2021 Francisco 0 Comments

 


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Work will work when nothing else is working

Thursday, October 28, 2021 Francisco 0 Comments

 






Work will work when nothing else is working
 Shay Carl

You realize that you will never be the best looking person in the room, you’ll never be the smartest person in the room. You’ll never be the most educated, the most well versed. You can never compete on those levels. But what you can always compete on, the true egalitarian aspect of success, is hard work. You can always work harder than the next guy
 Casey Neistat


Nothing works like work. i have seen it it's good to be smart but you can outwork almost everybody. I have noticed that what differentiates people is not what they do at work on normal job hours because everybody does the same, what you do at night makes a big difference.

 people think that the smart people with the highest IQ win but that is not true work + action always ultimately win.

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A hard Day in the mountains

Thursday, October 21, 2021 Francisco 0 Comments

 

I miss the competition. 2years without a race! 


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Never forget that 95% of information is in.....

Friday, October 15, 2021 Francisco 0 Comments

 

"Never forget that 95% of information is in your trading charts." 

@MoneyTradeEdge




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Without Cheap energy we will be ......................

Friday, October 15, 2021 Francisco 0 Comments

 



 The energy transition towards renewables will be an expensive and inflationary journey for consumers. 

Chris Zhan 


0 comentários:

I jumped 3 meals in the last 48 hours

Monday, October 11, 2021 Francisco 0 Comments

 I jumped 3 meals since Sunday , zero eating only drinking


for the first time since many years I wake up without any pain. My bad foot usually hurts in the first steps. Today no pain. Zero pain. 


one thing is sure if you don't eat inflammation recedes.


If inflammation recedes you live longer. That is for sure. The way you get old is trough small inflammations every day.


I am on to something.

0 comentários:

Don’t join an easy crowd

Sunday, October 10, 2021 Francisco 0 Comments

easy way = Problems and surprises later

hard way=  no surprises later

There are 3 schools about what to study?

1.something that you like. You need to be happy.

2.something that world needs. you will be in demand for sure.

3.something difficult that prepares you to do anything . If you learn to learn , you can learn across all you life.


I did economics that now I know it's nothing, there is nothing useful in the economics course. Nothing that you can use. But I learned to read something and memorize and use it. I can pick a book and make sense what is the message. Not bad. since then I read and read all my life


Math, Engineering and Philosophy I guess prepare you to do anything in life.

Management you know a bit of tax , a bit of accounting, a bit of finance a bit of human resources a bit of programming etc... That course prepare you to be a boss but if you want to work for someone else that someone will prefer a programmer instead of you, a Finance guy instead of you , a marketing guy instead of you etc... You are not a specialist .

I don't have an advice but if I had would be this one, study something new .


Don’t join an easy crowd; you won’t grow. Go where the expectations and the demands to perform are high. — Jim Rohn

"Classifying psychology as "science" reminds me of the Reagan Administration's classification of Ketchup in school cafeterias as "vegetable". We need to declassify." - Nassim Nicholas Taleb


0 comentários:

Why you need to invest your money

Friday, October 08, 2021 Francisco 0 Comments

I work in a multi Family Office.


One client asked me why do I need you services?


I didn't have a good answer, but now after thinking a bit I see 3 reasons


1.Some clients have more things to do than spend all heir time thinking about investments.  Specialization. As the writer of SAPIENS book wrote the world improved once people start trading and become specialists. When everybody did everything we were very poor.


2.After 35 years doing investments I know some things that work.


3.Every 17 years the prices of things double. Do something with your money if you have any.







0 comentários:

The U.S. stock market is larger than the next 11 combined.

Thursday, October 07, 2021 Francisco 0 Comments

If you can buy online , you can buy the best. Normally the best is not in EM or small countries. It paid to be bold, it paid to try to be the best.

You want to book a holiday are you going to trust the travel agency or Bookng.com with comments from real people. The people who bet in the ignorance of clients are losing. The best are winning.

Everything is ok.




0 comentários:

European gas prices surge **40%**

Wednesday, October 06, 2021 Francisco 0 Comments

 When you want to force things you got some surprises. Someone decided not to invest in Fossils anymore and instead invest in very inefficient technology . Someone decided Nuclear that is very green is not the way let's put the world in a middle age technology . The results are out.  I feel that politicians are going to double down. let's do more solar & wind .Politicians are never wrong.


FRANCE'S FINANCE MIN. LE MAIRE ON NATURAL GAS: I INFORMED EU COLLEAGUES THAT WE DON'T WANT THE PRICE OF ELECTRICITY TO BE ENTIRELY DETERMINED BY THE PRICE OF GAS.


European gas prices surge **40%** . (Dutch and U.K. gas futures have jumped 60% in just two days. yes, you read that correctly.)




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