3 ms·
Water.
by anticensor 8y ago
Water.
- TuringNYC 8y agoThus the rationale behind this prescient (devious?) investment trend: https://www.wsj.com/articles/harvard-quietly-amasses-california-vineyardsand-the-water-underneath-1544456396 https://www.wsj.com/articles/harvard-quietly-amasses-califor... WSJ: Harvard Quietly Amasses California Vineyards—and the Water Underneath Making a bet on climate change, the university’s $39 billion endowment has been snapping up farmland and the related water rights
- jlarocco 8y agoI recently found out from a friend that the Walton family is (supposedly) doing a similar thing here in Colorado. Basically buying up large properties with water rights, and then sitting on them for later. I'm not thrilled about it, but at least they're not developing them.
- momentmaker 8y agoI remember at the end of the movie The Big Short, it had said Dr. Burry was investing all of his money on his next big bet: water.