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While giving away $1 billion, Grantham’s planning to make even more money, and he’s hoping climate change offers the opportunity. The key sentence, buried half

• deleted 8y ago
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• aaronarduino 8y ago
  Not sure why this is getting downvoted. That quote does come from the article and it's is a very real concern. This article seems to be about Grantham's new investment strategy disguised as philanthropy.
  • nkassis 8y ago
    Not really new for him. He's discussing and working on climate change for a long time, go check some of his prior letters to investors.
    • aaronarduino 8y ago
      It's not new, however, it is an investment strategy. Investors at this level are very good at "talking their book." Because doing so helps their investment. I am not suggesting that giving away $1 billion won't help climate change. I'm merely suggesting that Grantham may have other motives for giving money away.
  • scottlocklin 8y ago
    I'm pretty sure this is the ultimate dream of "woke capital" -make a ton of loot while appearing to be virtuous. Probably others who are doing the same dislike the veil being lifted.
  • mooreds 8y ago
    Hmmm. I think that aiming the power of capitalism at real problems is a good way to go (the cap and trade system of SO2 in the NE being the canonical example: https://en.wikipedia.org/wiki/Acid_Rain_Program https://en.wikipedia.org/wiki/Acid_Rain_Program ). I agree the lede was buried, but don't have any trouble with Grantham making a boatload of money helping solve big problems.