If that happens, "people won't build really low because it is a hassle, " Auer says.
"Everyone is building close to the water, building in vulnerable areas, " NOAA's Auer says.
"Flooding wouldn't need to be a problem if people moved further back from the water, " Auer says.
These three principles should protect shareholders from surprise shocks whenever jolting news shatters the stock market, says Auer.
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Portfolio manager Bob Auer buys stocks that he hopes will double in months.
But the stock is still cheap, says Auer, as the company continues to post record sales and earnings results.
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The scene at the conservatory's Leopold Auer studio is less cheerful.
When walls are built between homes and beaches or wetlands, to protect development, they actually put the homes in more danger in the long run, Auer contends.
Auer expects JPM to raise its dividends sometime this year.
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Auer says shares of such companies usually outperform the market.
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Bob Auer : We are not market timers, so we are very upfront with telling our clients and our advisors we have no idea what the market is going to do.
Both Auer and Mount say that in the United States, people need to think carefully about where they are building, and about which areas could become flood zones in the future.
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