The only guarantees in life are death and taxes. I know this sounds a bit morbid, but it’s a common phrase used in the finance industry. The word “guarantee” is taught to be nixed from your vocabulary. And while this truth about death and taxes may be true, there are other near-certainties in life — some of which have made (and lost) investors millions of dollars over the last few centuries. One of these certainties is population growth. Every minute there are roughly 255 births worldwide, along with… Read More
The only guarantees in life are death and taxes. I know this sounds a bit morbid, but it’s a common phrase used in the finance industry. The word “guarantee” is taught to be nixed from your vocabulary. And while this truth about death and taxes may be true, there are other near-certainties in life — some of which have made (and lost) investors millions of dollars over the last few centuries. One of these certainties is population growth. Every minute there are roughly 255 births worldwide, along with about 108 deaths. That leaves 147 net additions to the world every single minute. That works out to be more than 211,000 people every day added to the world population. During 2015, the world’s population will grow by about 80 million — equal to the population of California, New York and Texas combined. My colleague Nathan Slaughter of Total Yield gave an interesting perspective on the stress that the growing global population has on the economy and the transportation industry, in particular. #-ad_banner-#Nathan discussed the drastic steps local officials have taken… Read More