With recent Tweets, President Trump started a firestorm from the scientific community explaining the difference between climate change and weather. In this ColoradoBiz Magazine article, Kevin McNab explains how climate change, weather, and investing are similar.
On Jan. 30, I got a text from my sister in Kalamazoo, Michigan. Stuck in the middle of the polar vortex, her thermometer read 38 degrees below zero. I gave her some sympathy, but mockingly replied (as brothers will do) with a picture of the sunny, 48-degree day we were experiencing in Denver.
Just two days earlier, President Donald Trump tweeted, “In the beautiful Midwest, windchill temperatures are reaching minus 60 degrees, the coldest ever recorded. In coming days, expected to get even colder. People can’t last outside even for minutes. What the hell is going on with Global Warming? Please come back fast, we need you!”
This caused the scientific community and news organizations to vigorously explain the difference between weather and climate. As this was going on, it occurred to me that the psychology of investing is very similar to our climate and weather…READ MORE!