government incentives

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Last week, a Virgin Atlantic passenger jet traveled from London to New York powered 100% by sustainable aviation fuel, or SAF.  The low-carbon fuel came from feedstock that included used cooking oil and waste animal fats. Critics call the flight a gimmick, and to be clear, right now SAF makes up a tiny slice of the fuels airlines use to get us places. Marketplace’s Lily Jamali spoke with Louise Burke, an energy analyst and vice president of business development at Argus Media, who says that could change.

First up on VC Sunday School, J+M cover the stigma around investing in first-time founders: Is it a myth? What are the pros and cons? What really matters when evaluating a founder? (3:01) Then, Molly interviews Jay Koh of The Lightsmith Group to break down the Inflation Reduction Act's $369B climate/energy allocation. (29:08)

(0:00) Jason and Molly tee up today's segments!

(3:01) why is there a bias against investing in first-time founders?

(15:04) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist 

(16:21) Most important factors to startup success

(21:42 Jason and Molly tee up Molly's climate interview which is focused on the Inflation Reduction Act's $369B climate/energy carve-out

(27:53) MasterClass - Get 15% off an annual membership at https://masterclass.com/startups 

(29:08) Jay Koh of The Lightsmith Group joins to break down the $369B earmarked for climate/energy in the Inflation Reduction Act

(36:39) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist

(37:58) What will the $369B do for the climate VC industry?

(48:48) What will this investment do for America's standing as a global climate tech leader?

Ransomware attacks pose a growing threat to the U.S., Frank Luntz discusses getting people vaccinated via the power of language, and actor Thuso Mbedu talks about "The Underground Railroad."

Donate at http://www.dailyshow.com/TherapyAid to support the Therapy Aid Coalition's efforts in providing training and compensation to volunteer psychotherapists so people impacted by national crises can receive quality mental health care and support.

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Alex Tabarrok is a professor of economics at George Mason University and with Tyler Cowen a founder of the online education platform http://MRU.org.

I ask Alex Tabarrok about the Grand Innovation Prize, the Baumol effect, and Dominant Assurance Contracts.

Watch on YouTube, or listen on Spotify, Apple Podcasts, or any other podcast platform.

Episode website here.
Follow Alex on Twitter. Follow me on Twitter for updates on future episodes.

Alex Tabarrok's and Tyler Cowen's excellent blog: https://marginalrevolution.com/ 

Thanks for reading The Lunar Society! Subscribe to find out about future episodes!

Timestamps:

(00:00) - Intro 

(00:34) - Grand Innovation Prize 

(08:45) - Prizes vs grants 

(14:10) -Baumol effect 

(27:50) - On Bryan Caplan's case against education 

(31:35) - Scaling education online 

(48:50) - Declining research productivity 

(52:15) - Dominant Assurance Contracts 

(58:40) - Future of governance

(1:04:05) - On Robin Hanson's Futarchy

(1:06:02) - Beating Adam Smith

(1:08:35) - Our Warfare-Welfare State 

(1:19:30) - The Great Stagnation vs The Innovation Renaissance 

(1:21:40) - Advice to 20 year olds

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What is delayed gratification? 

Back in the 1970’s a psychologist named Walter Mischel performed an experiment on children to monitor their behaviour. 

He placed a marshmallow in front of them and told them if they didn’t eat that marshmallow by the time he came back in the room, they could have two. 

You may have seen something similar doing the rounds on social media with parents trying a temptation test on their children. 

The idea behind the experiment was to see if the children could resist having something pretty good right now, to gain something even better in the future. 

That’s delayed gratification. 

Here’s what to expect on this week’s property podcast episode 

Believe it or not, delayed gratification plays a part in investing today. It means having money now, and not spending it so your life can be better in the future. 

So in this week’s episode The Robs are going to share some real life examples of why it can be damaging not to delay gratification, and are also sharing their thoughts on how you can do it more successfully. 

In these real life examples we’ll hear about one family who spent every penny they had coming in. 

They would buy fancy cars, live in a big house, go on expensive holidays, but they didn’t have a savings pot for a rainy day. 

On the other hand we have a guy who’s worked hard for eight years and sometimes thought about giving up. But he didn’t, he persevered and now he has his 10th property and is financially independent. 

How can delayed gratification affect your property investment dreams? 

Unfortunately, the majority of the country works like the first example. 

We want everything handed to us, we want things quicker and we want them now. A lot of us aren’t willing to wait for the things we want, we’re a pretty impatient generation. 

And of course, social media can play a big part in this. You may see someone on social media that’s living out your property investment dreams, or it at least looks that way. But it might not actually be true. 

Sometimes your ego can get in the way of this. You may feel like you’re in competition with other people who are doing the same thing as you. And that’s where your downfall will be. 

So, how can your ego and delayed gratification affect your property investment dreams? 

Tune in to find out.

In the news

This week we’ve got two news stories for you that we couldn’t not talk about. 

The first is ‘Boris Johnson plans 95 per cent mortgage scheme’. In the latest conference a few weeks ago Boris Johnson seemed to put property at the top of the agenda and introduced generation buy. 

In a nutshell, this seems to be a rebranded Help to Buy scheme trying to encourage mortgage providers to offer 95% mortgages. 

The second news story we wanted to share is ‘House prices soar by 7.3% in September’ from the Halifax. This is the steepest annual increase since June 2016 according to their latest index.

It’s absolutely bonkers that this is happening during a pandemic and we’ll certainly be going into more detail on this in the market update in a few weeks time.

Hub Extra

For Hub Extra this week we’ve got a quote that ties in pretty well with today’s podcast topic and it’s from Abraham Lincoln.

‘Discipline is choosing between what you want now and what you want most’.

It’s all about what you want the most in the world and if you’re able to make short term sacrifices in order to obtain the thing you want the most. 

Let’s get social

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

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Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.