If you look at a petrol car, for example, for every dollar of gasoline that you put in it,

only around 20 cents actually goes towards turning the wheels. The other 80 cents is completely

wasted as heat, right? You don't get any benefit from

that whatsoever. When you're powering an electric car is almost the opposite. So for every dollar

of electricity you use, 80 cents go towards turning the wheels and only 20 cents are lost.

Now what that means is that to travel the same distance in an electric car,

you use three to four times less energy than you would in a petrol car.

So these efficiency gains from electrification are really, really, really massive.

And I think it's one of the reasons why I think this transition is just at this point inevitable. The time scale is

always debatable, but I think inevitable because we are just moving towards a much better system.

Imagine spending an hour with the world's greatest traders. Imagine learning from their

experiences, their successes and their failures. Imagine no more.

Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world,

so you can take your manager, due diligence, or investment career to the next level.

Before we begin today's conversation, remember to keep two things in mind.

All the discussion we'll have about investment performance is about the past, and past performance

does not guarantee or even infer anything about future performance. Also understand that there's

a significant risk of financial loss with all investment strategies, and you need to request

and understand the specific risks

from the investment manager about their product before you make investment decisions.

Here's your host, veteran hedge fund manager, Nealz Kostrup Larson.

For me, the best part of my podcasting journey has been the opportunity to speak to a huge range

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