Risky business
OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.
Electric cars and 'fake meat' were both lauded as world-changing, and lefties and progressives the world over proceedded to ram them down our necks.
However, put the last 5 years sales data of fake meat darling Beyond Meat on a chart and it looks very similar to that of EV sales - boom and bust.
Once the hype and government incentives were gone, real-world demand for both things crashed.
Investors in both categories have been burnt but hopefully learned a lesson: if actors, musicians and Green Party MPs say they've found 'the next big thing', leave your money in the bank.
