Hacker News Reader

Comment by patrickg_zill | Hacker News Reader

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...

View on HN

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.

It's not new, however, it is an investment strategy. Investors at this level are very good at "talking their book." Because doing so helps their investment. I am not suggesting that giving away $1 billion won't help climate change. I'm merely suggesting that Grantham may have other motives for giving money away.

Hmmm. I think that aiming the power of capitalism at real problems is a good way to go (the cap and trade system of SO2 in the NE being the canonical example: https://en.wikipedia.org/wiki/Acid_Rain_Program ).

I agree the lede was buried, but don't have any trouble with Grantham making a boatload of money helping solve big problems.

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.

Reply on news.ycombinator.com