When the weather turns erratic, usually as seasons change, we have time to stay inside and do some serious investment research. When the weather is fine, we go for walks, do the laundry and hang it outside, and just generally play around.
Today, we’ve seen everything. Right now, an hour after an exciting bout of thunder and lightening, then a five-minute hail storm with 1/2 inch little hailstones, we are looking out our window to our deck, where there’s still a layer of hail.
Cool! The hailstones were so big we were able to pick up a few. They were very hard and we noticed the unusual shape was kind of like a little space capsule about 3/8 inch in diameter.
Speaking of weather, or um, climate, the recent OR-AMS meeting on whether people cause global warming was somewhat of a bust. It was held a couple of nights ago at Portland State University and the three speakers were arguing for the human-caused position.
At the January meeting with the “Nonsense! If there’s any warming at all, it’s not caused by humans!” side presenting, 500 people drove all the way out to the edge of the city to an airport hotel meeting room. By contrast, in the center of the city and the center of the university, housing presumably a hotbed of warmists, there were only 300 people.
Investment lesson: you can’t believe the experts, when the experts are losing their credibility. You can only rely on your own common sense and get as much information of all kinds before making up your mind about an issue. Sounds simple and obvious, doesn’t it?
Take it from Auntie IFO, it isn’t.