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Some Thoughts on Investing from My Recent Interview

Curious Cat

Yet, I don’t see the current political parties having any interest in addressing the problems. Hopefully it is meaningfully addressed but it is very hard to make that case given the behavior of the political parties the last 3 or 4 decades on this huge problem. And the other strengths of the USA economy allow that to continue.

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Two Forces Moving Business Closer to Climate Action

Harvard Business Review

The We Mean Business report cites an internal rate of return of 81% (that’s a ridiculous payback) on energy efficiency in the U.S., The CEO leaders of the parade, like Richard Branson and Unilever’s Paul Polman, took the stage at The Climate Group’s climate week launch event in New York on Monday.

IRR 8
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Capitalism’s Future Is Already Here

Harvard Business Review

Ronald Reagan and Margaret Thatcher gave the idea political cover. The tight focus on generating returns drove many gains. In 1976, Professors Meckling and Jensen put a finer point on things with their economic rationale for maximizing shareholder value. Very quickly, shareholder value became the gospel of capitalism.

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American CEOs Should Stop Complaining About Uncertainty

Harvard Business Review

The US economy has among the most fluid capital markets, the largest investment base, the most stable political system and the broadest base of consumers of any country in the world. They distinguish short term political winds from long term growth trends, and are prepared to deploy capital based on that distinction.

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3 Emerging Market Risks Companies Should Watch for in 2018

Harvard Business Review

When it comes to risk in Mexico, companies are paying attention to the fraught NAFTA negotiations, but not the domestic politics that could damage business plans far sooner than any NAFTA changes. Leftist presidential candidate Andrés Manuel López Obrador is well ahead in the polls.

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As More People Worry About Monopolies, an Economist Explains What Antitrust Can and Can’t Do

Harvard Business Review

If we conclude that an industry is a natural monopoly, so competition in that industry just cannot work, we need to resort to price or rate-of-return regulation; we do this for utilities. For over 100 years there have been political tendencies to protect small companies. Other laws do that. That seems fine.