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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Saturday, August 5, 2017

The Five Stages of Climate Denialism


STAGE ONE: Climate isn’t changing – you scientists are faking/cherrypicking/manufacturing the data and we will continue to investigate you until we prove it. 
STAGE TWO: Okay, climate IS changing–but not because of humans. Everyone knows it’s [insert favourite cause: natural cycles, volcanoes, the sun, cosmic rays, or we should study it more because scientists still don’t know]. 
STAGE THREE: It’s changing, and it’s us, but hey – who wouldn’t prefer warmer weather and higher carbon dioxide levels? It’s all good. Pass the margaritas. 
STAGE FOUR: It’s changing, it’s us, and some of the impacts might be bad; but it’s far more expensive to fix it than it is to live with the consequences. At least for my donors, that is. 
STAGE FIVE: Oops! It’s too late to do anything about it now. You scientists really should have tried harder to warn us. Your bad.

[From Katherine Hayhoe  via Climate Denial Crock of the Week]

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