Climate change doesn’t care what we think about it

EARLY in my investment career a senior colleague said to me, “Stocks don’t care what you think about them,” – meaning that my opinion on a stock had no bearing on how it was going to behave.

That was an extremely valuable insight because all too often individuals think that their opinions influence real-world outcomes, leading to very serious mistakes.

Climate change is the same. What individuals think about it is not going to change the fact that we can observe, in real time, that climate change has real-world consequences.