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Students tour Liebherr during Engineers Week

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Liebherr Container Cranes showcased advanced research and development to young students during Engineers Week this week.

The Killarney based company, one of Ireland’s leading engineering firms with a global presence, took part from March 2 to today (Friday).

Engineers Week helps primary and post-primary students, their teachers and parents explore the exciting world of engineering as well as highlighting the diverse career opportunities engineering offers.

In addition to touring the facility, the students got to see an advanced container-handling crane as it was being prepared to undergo extensive research and development into autonomous driving, remote control, and alternative energy sources to supply power to the machine.

Engineers Week represents a fantastic opportunity for students to meet and chat with the engineers responsible for developing this technology, which will be deployed in ports and terminals around the world.

As they toured the factory, they saw highly skilled staff using state-of-the-art manufacturing techniques to build and assemble cranes, and witness a wide variety of engineering disciplines and trades at work to make a world-class product.

“We look forward to Engineers Week every year, where the engineers of tomorrow get to meet the engineers of today,” Charlie McCarthy, Managing Director – Engineering at Liebherr Container Cranes said.

“Visiting students learned how advanced structural, mechanical, electrical and automation engineering is used to build state-of-the-art container handling equipment for the worldwide market. At Liebherr, we are now ready to embrace the 4th industrial revolution and researching ways to use data to connect our machines and increase machine intelligence. It is an exciting time to work in our business and we have a number of programmes that have been designed to attract the best young talent including our apprenticeships, scholarship programme and graduate programmes,” he said.

 

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Lissi’s love of nature nets prize

After a successful launch year in the Isle of Man in 2020, ‘The Young Nature Blogger 2021’ went international as Kerry Biosphere and Dublin Bay Biosphere joined the competition. Open to anyone under 21, entrants were asked to write up to 500 words about their favourite experience or place in nature. Each Biosphere participating awarded […]

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After a successful launch year in the Isle of Man in 2020, ‘The Young Nature Blogger 2021’ went international as Kerry Biosphere and Dublin Bay Biosphere joined the competition.

Open to anyone under 21, entrants were asked to write up to 500 words about their favourite experience or place in nature.

Each Biosphere participating awarded local prizes with the top entry from each being submitted to the international competition between the three.

This week the two judges for the international element Author Dara McAnulty and Professor Martin Price, Chair of the UK Man and the Biosphere Committee, have unanimously chosen ‘The Otter’ by Lissi Nickelsen (Kerry) as winner of the inter-Biosphere Young Nature Blogger 2021.

“I absolutely love the observational detail in this piece,” Dara McAnulty, author of ‘Diary of a Young Naturalist’ and the youngest ever winner of The Wainright Prize for nature writing said:

“You can really feel that breathless excitement and tension of seeing an otter. The drawing shows how multimedia can be used to great effect in a blog.”

Professor Martin Price added that it “is a beautifully written blog about a very special encounter”.

“I really get the feeling of what Lissi observed so carefully, and her joy about spending time with an otter! And the drawing is wonderful too!”

Lissi will receive a young naturalist writing set from Dara McNulty, a framed otter picture from Wildlife photographer Vincent Hyland, Wild Derrynane, and a family kayak trip in the Kerry Biosphere.

The winning entry can be read on the Kerry Biosphere website www.kerrybiosphere.ie/news.

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The only certainty is uncertainty

By Michael O’Connor    “History is just one damn thing after another” – Arnold Toynbee Late last week, the emergence of a new COVID-19 variant in South Africa sent shockwaves worldwide, upending what had been a reasonably quiet week for the stock market. On Friday last, a steep sell-off left the S&P 500 and the […]

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By Michael O’Connor   

“History is just one damn thing after another” – Arnold Toynbee

Late last week, the emergence of a new COVID-19 variant in South Africa sent shockwaves worldwide, upending what had been a reasonably quiet week for the stock market. On Friday last, a steep sell-off left the S&P 500 and the Nasdaq down 2.2% and 3.5%, respectively.

This 147th twist in the pandemic tale got me thinking about how much we think we know when really, we know nothing at all.

At the start of the year nobody would have predicted that 2020 would have played out the way it did. Very few would have predicted that 2021, with promising vaccines and a return to normality would have represented so little change, but here we are.

Everyone loves to pretend like they fully understand what this all means and what will happen next. I get it; who doesn’t love the warm cozy allure of certainty. We all want to exist in a world where we know what lies around the corner.

History is a perpetual stream of mistaken opinions and unpredictable outcomes, but the predictions won’t stop. People will cast their views with deluded certainty about what to expect next by extrapolating the current conditions out into the future, but the current conditions aren’t a constant, and the game is always changing.

Unfortunately, the reality is, nobody knows what’s next, and the sooner you can discard any naive sense of conviction, the easier it will be in both life and investing. While this statement may seem morbid on the surface, loosening our grip on our need for certainty can be liberating.

Remember, while it is important to have expectations and predictions, predictions are not fact, and you will be wrong. Not always, but you will be wrong, so try not to be overly tethered to your current version of the truth.

Lean into the uncertainty

Accepting that nothing is certain can often be cast as an impotent statement in a world obsessed with knowing all the answers.

In an industry where uncertainty is the ultimate enemy, telling investors to submit to it is often met with disdain, but accepting the inevitability of uncertainty is so important if you want to avoid going stir crazy as you try and hold for the long term.

Of course, discarding uncertainty is easier said than done. Worrying about factors beyond our control is an inherent part of the human condition. However, simply being aware that the game is not predictable and nobody truly knows the final outcome may help you reduce your craving for certainty.

My advice

Stop reaching for perfection in a world of constant uncertainty. Stop obsessing about making the right decision one hundred percent of the time. Even the best investors in history have had their fair share of howlers. Ultimately you just need to be right more often than you are wrong.

The solution

Create an investment portfolio centred around what you believe to be the most probable outcome based on available information and incorporate enough diversification to function as a buffer.

In a world where anything is possible, all you can do is focus on what is most probable, allow for a margin of error to support you when your assumed outcomes don’t play out and simply let go of the rest.

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