“Green” investors have learned a harsh lesson on investing based on a feel-good narrative, instead of using fundamental or technical analysis.
It’s not easy being green in 2024 – just ask investors who bought into the hype around the “green energy revolution” years ago and are now nursing hefty losses.
“Rational decision goes out the door when in love with a thesis,” says Travis Ricciardo, host of the popular mining industry podcastDespite the utopian rhetoric around green energy, the supply of these commodities still overwhelms demand. The other green sector, uranium, has also been in meltdown despite starting the year strongly. Our three largest listed uranium stocks – Paladin, Boss Energy and Deep Yellow – have fallen 45 per cent or more from their May peaks and are now negative for the year.
“Whilst mistakes are unavoidable, holding on to mistakes can detract from recognising great investment opportunities that may present themselves. Every loss taken represents an opportunity to improve one’s investing into the future,” reminds Datt.
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