Deforestation gets the chop
Heightened awareness of the role of rain forests in global supply chains, and of the related risks, has led many large investors to join initiatives calling for an end to destruction of woodlands.
What a brief encounter with Elon Musk taught me about the limits of capitalism
In 2013, on the sidelines of the Milken Conference at the Beverly Hilton, my friend and then-colleague Sean Scallan and I found ourselves in a seven-minute private conversation with Elon Musk. He was not yet the figure he is today. Tesla was struggling. SpaceX had launched but not yet proven itself. The idea of humans
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Fight ‘halo effect’ and other biases
The halo effect - a belief that people who are good at one thing excel at everything - is just one example of the behavioural biases humans must manage and overcome to be good investors.
Alaska’s plan for great partnerships
The Alaska Permanent Fund Corporation recognises three kinds of partnerships - with managers, specialised advisers and institutional peers - and has a plan for how to get the most out of each.
Tough choices before, after divestment
Whether to divest from sensitive or controversial investments such as firearms can be a difficult call for fiduciaries, and making it doesn't put an end to the tough choices.
A good DC fiduciary is no coward
The defined-contribution system needs to switch its focus from accumulation to income. This means breaking away from traditional approaches – something most fiduciaries lack the courage to do.
No choice can be the right choice
Choice is considered a good thing. But in the auto-enrolment market, offering options for defined-contribution pension schemes can end up adding no value and increasing the cost to members.
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