Nominee For 2021 Geico Rock Award; Churn, Churn, Churn Or Buy-And-Hold? November 1, 2021

InDepthNH.org, the New Hampshire Center for Public Interest Journalism, as reported by Garry Rayno, October 26, 2021: natural gas issues could impact New England this winter. 

Federal energy regulators predict natural gas may be in short supply for New England this winter.

New England electric generators are more dependent on natural gas than any other fuel, with about 52 percent of generation produced by natural gas facilities.

According to the Federal Energy Regulatory Commission’s annual assessment of winter energy markets and reliability, in extreme winter conditions the region’s commercial and industrial sectors may have to curtail activities and there may be outages in the natural gas and electric sectors.

But the report notes there should be ample fuel supplies to produce enough power to meet demand under expected conditions.

ISO NE: spiked again to nearly $90 earlier this morning. Expensive hydro spiked at 0600 hours, or 6:00 a.m. Renewable energy doing very well contributing 15% of demand, more than the 12% provided by nuclear.

Mom-and-pop retail investors, take heart.

• Harvard University made 9.2% over the last decade
• the Nevada pension, which uses passive investment vehicles -- made 10.1% over the last decade
• the manager, Steve Edmundson, makes $127,000 / year
• the manager of the Harvard endowment makes $8.6 million / year

Bob Pisani, over at CNBC just reported the same thing last week:  

It may seem like a stock picker’s market, but long-term data still backs the buy-and-hold crowd. A majority of active managers failed to beat their passive benchmarks in the last year and only 11% of large-cap fund managers outperformed over a 10-year period, Morningstar said in a report last week.

Much, much more at the link. 

Without question, the biggest investing mistakes I've made over the years? Selling shares of stock in great companies.