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JBL: Three for the Road

Stock quotes in this article: TSCM , WWE  

I have come to firmly believe a few things over the past couple of years that will dominate my investments in the next decade and probably longer.

First, water is our rarest commodity.

The aquifer in England is at one-third the normal level. The aquifer in west Texas is 400 feet below normal; in Chicago it is as much as 900 feet below normal levels. Also, water infrastructure is horribly antiquated. As much as 30% of piped water is lost due to dilapidated infrastructure. ...

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