Apocalyptic crybabies ... greens, ALP and LNP need to tell the truth, page-193

  1. 16,571 Posts.
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    "You know investing in the stock market requires understanding of fundamentals, looking at facts, trends, data, predicting the future... "

    Not sure there is that much correlation between the making of explicit predictions of the future and successful investing.

    The most clear cut examples of this are stockbroking analysts who, despite being highly experienced and eminently qualified with all manner of highly specific and seemingly-relevant qualifications, such as the Chartered Financial Analyst degree, as well as numerous other prestigious economics degrees and financial qualifications, are notoriously inaccurate when it comes to forecasting financial performance a mere 12-months into the future using complex and sophisticated financial modelling techniques (let alone being able to forecast decades ahead in time, which so-called climate scientists purport to do).


    "....are you climate deniers as bad at investing as you are with understanding climate change?
    or are you all invested in coal?"

    Not sure what exactly you mean by "climate denier" (because that is a somewhat broad term) but if a track record of generating decent investment returns over an extended period of time forms some sort of basis that qualifies one to have a reasonable opinion on the discussion concerning climate change, then - at the risk of sounding presumptuous - I am rather quite happy to have conviction in the relevance of some of the questions that I have regarding some of the default narrative around the subject of climate change.

    Particularly when it comes to the making of long-dated predictions involving non-linear, non-planar, chaotic, open systems with indeterminate number and type of independent variables.


    And, no, I personally don't invest in coal.

    But not because I think the act of mining coal is somehow inherently heinous or evil.

    It is simply because I think that the coal mining is a business that does not create enduring value for shareholders.
    Coal mining is a capital-intensive business model with finite asset life no pricing power.

    Pretty much the same reason I don't invest in lithium, graphite, or nickel, or copper, or orange juice futures, or soy beans.
 
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