3 ms·
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 inv
by 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 agoNot 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 agoIt'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 agoI'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 agoHmmm. 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.