España
Los planes de pensiones me convencen entre cero y nada. Muy susceptibles de ser objeto de demagogia populista en el contexto del agotamiento del modelo público de pensiones. En la situación socio-política de este país y la clase dirigente que de ella emana, les veo más riesgo que a un bogavante en la sede de UGT.
Investing is where you find few great companies & then sit on your ass - Munger
Our country’s electric utilities need a massive makeover. The effort will absorb all of BHE’s earnings for decades to come. Let me tell you about one of BHE’s endeavors – its $18 billion commitment to rework and expand a substantial portion of the outdated grid that now transmits electricity throughout the West. BHE began this project in 2006 and expects it to be completed by 2030 – yes, 2030.
Historically, the coal-based generation of electricity that long prevailed was located close to huge centers of population. The best sites for the new world of wind and solar generation, however, are often in remote areas. When BHE assessed the situation in 2006, it was no secret that a huge investment in western transmission lines had to be made. Very few companies or governmental entities, however, were in a financial position to raise their hand after they tallied the project’s cost.
Though it will be many years before our western transmission project is completed, we are today searching for other projects of similar size to take on. Whatever the obstacles, BHE will be a leader in delivering ever-cleaner energy.
Investing is where you find few great companies & then sit on your ass - Munger
Investing is where you find few great companies & then sit on your ass - Munger