I second the motion, Gordy re your favourite holding. You're obviously a man of class and distinction!
I was wondering what your reasoning is for zero profits for 10 years from green fuel sales?
I suspect it is based on the assumption of the application of current technology.Please correct me if I'm wrong.
I've mentioned previously, but in my opinion are sufficiently valuable to bear repetition, the 2 greatest investor weaknesses identified in several AFR article's are:
1. Confirmation bias, where people are drawn to opinions supporting their own.
2.Investors frequently underestimate the pace of technological advancements. Most "expert" predictions are predicated on the assumption of the application of existing technology, an obviously ridiculous assumption.
Applying the second classic investor weakness to your 10 year prediction, Gordy, I respectfully suggest.....watch this space. There will be massive demands in Europe for gas replacement fuels following Putin shooting himself in the foot by brutally invading a neighbour.
Therefore in the quest for cheaper green fuels the principle of "Necessity is the mother of invention" will be a major player, only accelerating the rate of technological change. If in doubt of the principle I'm employing, just look at how the power of those little computers we carry around in our hands,aka mobile phones, are evolving exponentially every year!
Mate, the next 10 years of the second Industrial Revolution will be very exciting indeed to be a part of.
Good luck, Wes
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