Episode description
Today, we are joined by Shawn Hackett, Founder of Hackett Financial Advisors, for a conversation on how changes in weather and weather volatility affects the economy and you as an investor. We discuss the role and state of agriculture and the impact of climate change, the mechanisms of the climate and why understanding the big picture of weather cycles is so important, how we are transitioning into a new weather cycle, what it means for the crop production and important indicators for predicting crop yields. We also discuss why Hackett view the value of commodities the same way he view the value of stocks and why being aware of where we are in the climate and economic cycles is critical, why long term planning is a key factor in managing risk, how to approach agriculture and commodities in general in your investment strategy and much more.
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Episode TimeStamps:
00:00 - Intro
03:07 - The state of agriculture
10:10 - How Sunspots are affecting the earth?
15:22 - What drives the climate?
19:00 - Why are the winds over the Pacific so significant?
21:18 - The World is moving into a new phase
27:39 - Predicting the weather?
36:10 - Positioning risk and classification
44:56 - The impact of currencies
49:08 - Weather Volatility - good or...