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Brandon U

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Posts posted by Brandon U

  1. You can hardly blame the guy, he runs an investing business so he has to think like that 99% of the time.  A better tact in my experience is to at least start off talking about all the ways the government and the EPA protects polluters, the amount the government itself pollutes, etc.  I believe one of the original founders of green peace actually wrote a book about how the environmental movement has been taken over by corporations and turned into a front for some very un-environmental practices.

     

    I love this and it highlights the idea I've been trying to come to terms with: Do investors really care about the environment from which they derive their wealth?

     

    I personally know a couple of investors who have put money into fracking in the Western NY community. They are well meaning men, but the question I should ask and never realized until now - do you stand to make more money by preserving the land that they frack on or is it just a "one and done" scenario where you take all the resources out of the ground and move on. I assume that it would be beneficial to maintain the land as well as possible in order to extract as much resource as possible. Kind of akin to the forestry businesses who have to plant new trees in order to have trees to log in the future.

     

    Nevertheless, I think Peter Schiff did a good job breaking down basic Austrian economics that the JRE crowd can understand and appreciate. Not to speak down to the JRE crowd, I'm a member of that forum and I've learned a lot from ideas generated from that pod.

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