Derek Abbott: Investment

Derek Abbott is Physicist, engineer. Explore interesting quotes on investment.

Derek Abbott: 14 quotes0 likes

“The biggest challenge [for solar power] is escaping from the economic effects of vendor lock-in where large investments in nuclear and traditional energy sources keep us 'locked-in' to feeding monsters that will bring us down an economic black hole. It's rather like the play The Little Shop of Horrors where a man-eating plant is initially fed small amounts, but then its voracious appetite sends it into a downward spiral swallowing up anyone that gets in its way.”

On energy supply and solar power

“Efficiency is not the issue when you go solar. There is so much solar that all you have to do is invest in the non-recurring cost of more dishes to drive a solar-hydrogen economy at whatever efficiency it happens to sit at.”

On energy supply and solar power

“My advice to prospective PhD students is to follow your passion and pick a topic that interests you — don't do a PhD topic that you hate, but you think will be lucrative. Because the big picture is that it is the fundamentals learned and problem solving skills gained from your PhD that will open the real career doors. Topics come in and out of fashion — it is the investment in yourself and the person you become through your PhD experience that really matters in the end. Of course, if you happen to love a topic that turns out lucrative then great — but this is hard to predict.”

Introductory profile at The University of Adelaide