Every once in a while I receive feedback from readers of this column inquiring why I spend so much time talking about macro events and not about individual “Green” stocks.
The answer is pretty simple: The Macro events in the world today, especially in Europe are dominating every investment thesis. In addition, in the US we face a potential crisis as our debt looms larger to the point where it may be unsustainable without a sharply weaker Dollar or lower Yuan.
These are issues that are so large, larger than most of us have ever faced in our lifetime that they overwhelm any individual stock analysis, including those of “Green” stocks. Plus, for years I’ve been warning against Alt energy names that relied upon government support. Only a nitwit could fail to see the link between shrinking budget outlays and the high risk that support for Green projects could disappear.
Investing should be viewed though the lens of a realist not through one jaded by hope or wishful thinking.
Our retirements deserve no less.
Eventually this time will pass which will allow us to focus on individual stock selection but in the meantime if you wish to entertain yourself there are a number of website solely devoted to Green Stocks. Just keep this in mind: We eat our own cooking at RMHI.
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