Definite Maybe

The Cambridge English Dictionary defines definite maybe as something that you think you might do, but are not certain about.  This may be an apt take away from the recently concluded Glasgow climate summit.  All of the world’s leaders, except two of the most important, who couldn’t bother to even come, made all sorts of declarations and promises that they are not in a position to keep in the real world of politics.  Historically, most climate promises have fared badly.  It is easy and popular for politicians to issue grave warnings, followed by grand promises and then stumble when it’s time to ask the voters to pay.

Coincidentally, most of the promises do not come due until these leaders are out of office and/or among the dearly departed.

We will have some additional thoughts about climate, climate summits and the implications for investors in future blogs.

All comments and suggestions are welcome.

Walter J. Kirchberger, CFA