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Investing Prophet Jeremy Grantham Takes Aim at Climate Change

bloomberg.com

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Re: Investing Prophet Jeremy Grantham Takes Aim at Climate Change

#31

Post by rhn_mk1 »

patrickg_zill wrote: post #22
Bucephalus355 wrote: post #17

Going to get downvoted harshly for this, and I deserve some of it. But let me say, is anyone else just slightly suspicious (don’t have to change your minds though and I agree with the science here) that investing billionaires, people who give truth to the saying “behind every great fortune is a great crime”, would actually be interested in the best possible thing for the world? Doesn’t that sound a little bit suspici…

"While giving away $1 billion, Grantham’s planning to make even more money, and he’s hoping climate change offers the opportunity. " I think that you might be on to something...

Bad/neutral people can still do good things if they take action on things that reward good deeds (with money).

That's why non-profits hire people to help reach their goals.

Re: Investing Prophet Jeremy Grantham Takes Aim at Climate Change

#34

Post by Balero »

JustSomeNobody wrote: post #12
makerofspoons wrote: post #11

Earlier quoted context omitted.

There are solutions to this- driving through eastern Colorado and west Kansas you'll find many farmers using no-till techniques and planting winter cover-crops that create topsoil and increase soil quality. Farmers have a vested economic interest in keeping the soil productive. Meanwhile from what I understand from talking with some friends in agricultural engineering in places like California where farmers expect to…

California will one day be uninhabitable by 99.999% of the population. The rich will have to fly in day workers. It would be a good time to start investing in drone taxis, I suppose.

Downvoted for hyperbole.

Current world population about 7B, 0.001 of that is 700,000. That's less than the population of San Francisco.

If we do this with just the US population, you get about 3000.

Re: Investing Prophet Jeremy Grantham Takes Aim at Climate Change

#35

Post by nkassis »

aaronarduino wrote: post #27
patrickg_zill wrote: post #21

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 halfway through the article...

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.

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.

Re: Investing Prophet Jeremy Grantham Takes Aim at Climate Change

#36

Post by dqpb »

>he gives a talk titled “Race of Our Lives”—the one between the Earth’s rapidly warming temperature and the human beings coming up with ways to fight and adapt to climate change.

Or, the race between the cause coming up with ways to fight and adapt to the effect.

It's possible that human beings are the problem and climate change is the "solution".

Re: Investing Prophet Jeremy Grantham Takes Aim at Climate Change

#37

Post by Balero »

CrackpotGonzo wrote: post #28
seren wrote: post #7

Earlier quoted context omitted.

The scary part is that even if you cannot provide food to even, let's say 3% of the human population, it will create massive destabilization, initially in the part of the world affected, then globally. I remember that at the start of the various Arab Spring revolts, protests were about the cost of food. I have never been to Egypt, and maybe I have a distorted view of the situation there, but I don't understand how it…

Isn't food instability a contributing factor to the crisis in Syria?

From what I understand it led to (young) people leaving the countryside to live in cities. This lead to large congregations of unhappy unemployed young people, all new to a particular area. These people then grouped up and protested about the ruling regime, which was the start of the current crisis.

Re: Investing Prophet Jeremy Grantham Takes Aim at Climate Change

#39

Post by jimhefferon »

WhompingWindows wrote: post #26

If he is so prophetic why does he only have a billion instead of a trillion dollars? Why must we use such a click-baity word in our headlines? Bloomberg could just say "Investor Jeremy Grantham..."

> why does he only have a billion instead of a trillion dollars?

Seriously?

Re: Investing Prophet Jeremy Grantham Takes Aim at Climate Change

#40

Post by scottlocklin »

aaronarduino wrote: post #27
patrickg_zill wrote: post #21

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 halfway through the article...

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.

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.
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