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  1. #9
    ShareTrader Legend Beagle's Avatar
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    Jul 2010
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    Quote Originally Posted by Beagle View Post
    Unfortunately, as per my previous post on this on 18 May, with the ever increasing effects of climate change extremely unusual weather events like the rain affecting Canterbury this weekend are going to be more and more frequent to the point where they become so regular they become normal. Not a good sector in my opinion.

    I can't take any credit for this insight as I was very fortunate to have a very loyal client who worked on contract for Metservice for over 50 years. Lovely old chap and the last time I saw him when he retired he told me, don't believe all this one in 100 year weather event nonsense. You'll get at least one, more often two of these so called one in one hundred year weather events every year. He went on and told me some other really scary stuff....basically the amount of methane now being released from ice sheet melting means we are on an irreversible road to catastrophic climate change irrespective of what we do with CO2 emissions. Beagle 30/05/21 https://cage.uit.no/2021/04/28/metha...ng-ice-sheets/
    Looks like Maurice was wrong. So called 1 in 100 year weather events seem to be happening almost every month. Too hard to make money in this sector.

    Really sad situation https://www.nzherald.co.nz/nz/dead-c...ZIZMSUK5YCAUY/
    Last edited by Beagle; 19-07-2021 at 01:26 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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