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Gates foundation primarily spends money on stocks[0] (many of which arguably going directly against its stated goals, like John Deere) [0] https://dataroma.com
by btdmaster 4y ago
Gates foundation primarily spends money on stocks[0] (many of which arguably going directly against its stated goals, like John Deere)
[0] https://dataroma.com/m/holdings.php?m=GFT https://dataroma.com/m/holdings.php?m=GFT
- eloff 4y agoYou have to invest the money you don’t intend to spend now.
- xmprt 4y agoThat's true but that saying breaks down when you're investing money into and benefiting technology that makes the world less open and sustainable and then proceed to talk about everything you're doing to make the world more sustainable.
- eloff 4y agoDoes it? Maybe indirectly. The stock price of a company doesn’t directly translate to its power in the world. But even then the cases you’re talking about are probably not black and white. So the answer is likely a further “maybe partly, maybe indirectly”. Then if you take the profits and put it towards doing good in the world, have you done net good? Probably. It’s complicated.