Many times in the past, I have suggested that you consider a Dessert Buffet as a model for investing in the Stock Markets. As you walk through the line, you might take a large piece of chocolate cake or apple pie; but, when it comes to the strange dish at end of the line, perhaps you will take a small sliver, because you can always go back for more.
When it comes to investing, you may focus on large well-known companies, with a strong track record and that are market leaders in their industries. But, when it comes to new start-ups or ones from a Developing Market, you might wish to limit your investment to a small amount until you feel more comfortable with it. Once again, you can always go back for more shares, if you wish.
So, what does chocolate cake and developing markets have to do with snowstorms? No, I haven’t been smoking something strange, honestly. Today, much of the Deep South woke up with, what to our neighbors up north, would amount to just “a few inches of snow”. Keep in mind, however, that much of the south doesn’t have adequate resources for something that happens only once in a blue, blue moon.
I believe that the Governor of Georgia and the Mayor of Atlanta truly blew-it in their, perhaps, non-existed preparations for today’s snowstorm. Unless your TV is broken, you surely have seen a considerable amount of coverage of the massive traffic standstill throughout Metropolitan Atlanta.
Truckers and bus passengers–including thousands of school children–were stranded on roads for as long as thirty hours, at last count. Why weren’t they better prepared? Keep in mind that The Weather Channel, CNN and TBS are all headquartered in Atlanta. THE WEATHER CHANNEL!
To me, the various leaders, and agencies, should have considered what were the areas that could be most effected by any storms and where were the storm(s) expected to hit? Now, Atlanta is by-far the largest city, the largest Population Center and the Economic Hub for the surrounding area–not just Georgia–but surrounding states, as well. So, at least some additional resources should have been brought into the Atlanta Area just in case.
Then, you consider what the weather forecast is for the region. The Governor said that the National Weather Service predicted that the storm would hit south of Atlanta. Miami’s Hurricane Center always provides multiple impact models for hurricanes, showing different potential courses. Why can’t Georgia consider the other possible storm tracks? That’s where you keep some resources ready to be sent to the eventual impact area.
And, if the storm did move to the south and Atlanta was not hit, the additional resources could have been sent to the effected area. Let’s face it, the only large Georgia city, south of Atlanta, is Savannah which, would have nowhere near the economic impact–and, being on the Atlantic Coast, would not be expected to see such a dramatic weather impact.