Lately, everything I look at is going up. I look at stocks of tech companies in US and they are going up. I look at various stock market exchange indexes and they are going up, both in India and in US at least. Crypto-currencies are going up for the last year or so. And not just up, some of these assets are going up in a crazy fashion, doubling 10x in a year. It was becoming hard for me to even understand what I was doing and made investing even more risky.
For a long period of time, until recently, I used to believe that net result of every transaction is 0. If you are spending money, someone is earning money. So if you make money in the stock market, someone should be losing money. That is what the conventional wisdom in my head said. Continue reading
It’s one of those topics that has divided the world for years and probably will continue to do so for years to come. It is not easy to accept that change is here and your way of life is in danger. It is equally difficult to accept responsibility for something that you cannot see or touch or feel right in front of you. Even if you can, it is hard to correlate your acts of keep the air conditioning on to the freak hurricane that hits you.
So I can understand why people do not believe in climate change. I can also understand the situation where people believe in it but they feel they are too small and trivial to do anything about it. I think this is the real reason for a lot of climate change deniers. It is easy to deny something than accept it even though you think you can’t take action.