Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.

The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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Tuesday, September 22, 2015

A presentation by James Hansen

James Hansen was one of the first people to point out the probability of global warming.  He's the author of Storms of my Grandchildren, a compelling analysis of global warming and carbon pollution.

This a presentation he made recently.  It's long, but worth every minute.  Though Hansen seems to favour it, I doubt that nuclear is the answer but on the other hand it is undoubtedly better than the "business as usual" approach.  Hansen's comments on the likely rise in the sea level are truly scary.

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