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Tuesday, January 30, 2007

Betting Your Retirement Savings on Al Gore

James V. DeLong’s article on TCS Daily presents a useful analytical approach to assessing the global warming hype.

Al Gore and company are betting that global warming is a 100% sure thing and that the 100% certain cause is CO2 accumulations. 

If the new Democratic Congress, as threatened, legislates on the basis of Mr. Gore’s dire predictions you will have paid for their actions with a drastic reduction in the future value of your assets, very possibly without affecting global temperatures at all.

In contrast, successful investors in assets of all kinds know that making money depends upon realistic measurement of the odds.  And the odds of anything in the real world, including Mr. Gore’s disaster predictions, are seldom anywhere near 100%.

Posted by Thomas E. Brewton on 01/30 at 02:24 AM
Junk Science • (2) Comments
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