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What Good Is Impact Investing?

Harvard Business Review

With something like the Riker’s Island social impact bond (which finances behavioral therapy for 16-to-18-year-old jail inmates in New York), the fact that Bloomberg Philanthropies provides a guarantee to that bond is very, very smart because it does two things. Noble: It’s not going to be that all investing is impact investing.

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Why Those Guys Won the Economics Nobels

Harvard Business Review

[A mini-glossary: beta is the amount that an individual stock fluctuates relative to the overall stock market, and the equity premium is the difference in expected return between stocks and a “riskless” asset such as Treasury bonds.]. That is, potentially amazing technology if you can only figure out how it works.

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