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Game Changer?…Better Place Opens FIRST Battery Swap Station in Israel

This week, Better Place, the innovative electric car company, opened up their very first commercial battery swap station. The concept of swapping out depleted batteries for fresh charged ones is what distinguishes Better Place in the burgeoning EV market. You’ll never need to wait to charge your car—you just pull into one of the battery swap stations, robots switch out the batteries, and in three minutes you pull away. It’s really no different than a full service fill-up of 93 octane.

Say goodbye to range anxiety…..Just take a look at this video:

http://www.youtube.com/watch?v=4lp_6VyIeSY&feature

Bronfer explains how it works:

The battery switch process itself is thoroughly unexciting, which must mean great praise for Better Place’s work in developing the concept. The driver only needs to flash his Better Place RFID card at the machine, drive into the rather narrow tunnel and find something to occupy himself with during the upcoming 3 minutes. The car slides into position, slightly lifted – then an underground robot grabs the battery, disappears – and returns with a fresh one. All of this is invisible to the technologically impaired driver, while the geekier amongst us can watch the entire process streamed live on a TV planted outside.

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Recently Discovered Video Interview with Seth Klarman

For those who don’t know Seth Klarman, here’s some brief info from Jacob Wolinsky at Valuewalk:

Seth Klarman is undoubately one of the greatest investors of our time. Klarman manages Baupost Group, the 11th largest Hedge Fund in the US, with over $20 billion in assets.  There is a rumor that Buffett, (a big fan of Klarman) keeps a copy of Klarman’s out of print and super expensive book Margin of Safety, by his bed. Seth Klarman’s Baupost fund has produced returns of approximately 20% annually since inception in 1983. Klarman has produced phenomenal returns despite the fact that he usually holds huge amounts of cash.

According to a lecture given by Bruce Greenwald: Warren Buffett says that when he retires, there are three people he would like to manage his money. First is Seth Klarman of the Baupost Group, who you will hear from later in the course. Next is Greg Alexander. Third is Li Lu.

Below are the videos (6 in total), enjoy:

[youtube=http://www.youtube.com/watch?v=u0aRiDI1wnk&feature=related&w=400&h=300]

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UN: Radiation to Hit U.S. By Friday

     A United Nations forecast of the potential path of the radioactive plume coming from crippled Japanese reactors shows it churning across the Pacific and touching the Aleutian Islands on Thursday before hitting Southern California late Friday.

     However, the weather (more importantly the wind) has been just as volatile and inconsistent as the markets themselves.  Over the next few days wind will be one of the most important variables being factored into the markets.                 

**  CLICK TO SEE VIDEO OF FORECASTED RADIATION PATH   **

     According to the New York Times, A forecast by the Comprehensive Nuclear Test Ban Treaty Organization shows how weather patterns this

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