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Nigel said:
Short term bias
Has the seemingly cooler weather this summer in some States contributed to climate change being seen as a less important issue? Headlines of lower temperates and higher rainfall / flooding have replaced those of bushfires and sustained exteme temperatures. Seemingly, more emphasis is being placed on more recent observations. Perhaps similar can be said for investing – is undue emphasis placed on recent observations at the expense of medium to longer term trends?
Friday, March 5th, 2010