Monday, April 22, 2013

First the Giving Pledge and now the Investing Pledge

Which Leading Investors are Seeking Profit and 100% Impact by 2020?:

If Bill Gates and Warren Buffett are willing to eventually give away all of the wealth through philanthropy, just image the positive impact they could create if they agreed to make all of their investments reflect their values and philanthropic goals.

Future of Impact Investing from Sir Ronald Cohen

Is impact investing the Next Big Thing?  I hope so as we work through how to move capital into this strategy/asset class/sector.  Sir Cohen sees the foundation community's endowments as critical to the shift.

Future of Impact Investing

Thursday, April 18, 2013

Gabrielle Giffords' Powerful Message to our Shameful U.S. Senate

I think Gabrielle Giffords' op-ed piece on the shameful behavior of our U.S. Senate is the most powerful message I have heard about the need to control gun violence in our country. I hope you read it.

http://www.nytimes.com/2013/04/18/opinion/a-senate-in-the-gun-lobbys-grip.html?smid=pl-share

Tuesday, April 9, 2013

If all politics are local, how can we ever hope to solve global challenges like climate change?

In this article on the History of Earth Day, it becomes clear that the strategy of environmental organizations to engage with corporations to support climate change legislation in the U.S. did not work in the absence of a grassroots movement.  It's not about messaging.  It is about exercising political power through democratic structures - sounds naive but there doesn't appear to be a better substitute.
 
http://www.newyorker.com/arts/critics/atlarge/2013/04/15/130415crat_atlarge_lemann

Saturday, April 6, 2013

Mixing Economics and Philosophy Over Lunch

Harvard Philosopher Michael Sandel's critical take on Imperial Economists like Larry Summers and how we can begin to challenge our prevailing "culture of the transaction" makes for an interesting FT Lunch article.

http://www.ft.com/intl/cms/s/2/bd509112-9c55-11e2-9a4b-00144feabdc0.html#axzz2Ph2kofNJ

Thursday, April 4, 2013

Physics Envy on Wall Street?

A fascinating story about the fallacy behind the rigor of Wall Street Quants and regulators' feeble attempts to manage them.  John Breit, the former head of Risk Management at Merrill Lynch, explains why successful risk management requires human spies gathering intelligence more that quantitative models which try to ape the hard sciences like physics.  It also includes a damning portrayal of how disconnected and isolated the senior management of financial institutions are from the real risk taking activities of the firms they lead.

http://dealbook.nytimes.com/2013/04/03/uncovering-the-human-factor-in-risk-management-models/?smid=pl-share

BRIGHTON: Social Impact Bonds have promise if scrutinized | The Chronicle Herald

http://thechronicleherald.ca/business/1120334-brighton-social-impact-bonds-have-promise-if-scrutinized#

Nova Scotia moving forward with first Canadian SIB



Health Impact Bond Proceeding in California


http://www.socialfinanceus.org/sites/socialfinanceus.org/files/imce/user/u104/Fresno%20Asthma%20Demonstration%20Project%20Press%20Release.pdf