#2024/10 article describing how private equity firms are buying up skilled trades companies. Plumbers, solar panel / heat pump installers etc. A weak signal imo. Would you want private equity in real world entities? It's one thing for 'new fields' or scale-ups etc. Another when extraction hits trades we rely on (although easy enough for other entrants to help circumvent)
(via [[Chris Aldrich]])
The expansion of that thought is that many of the investment options associated with the wealthy are bad actually. Part of it is that we confuse how the wealthy invest after they’ve become wealthy with how they became wealthy. Nick Maguilli has written convincingly about thisI raise this point because there seems to be an obsession with the wealthy and how they invest their money as if their allocation decisions are what created their wealth. Of course, for some wealthy individuals this is true. Warren Buffett got rich based on how he invested his money. But many other wealthy people didn’t. They got rich as business owners or doctors or lawyers (or something else) and have since allocated their wealth to private equity and hedge funds. Keep this in mind before making any changes to your portfolio.But also: these hedge funds just aren’t that great!
Seems a good point in a lot of areas, here wealth: don't look at what successful actors do but what they did to become successful. Many wealthy people's current investments is not how they got rich, and is not all that successful. (E.g. saw in the '00s how the KM processes of Fortune 500 were touted, without acknowledging they only set those up well after becoming a Fortune 500 company..
for some large corporations, the carbon footprint from their investments and cash in banks can be their largest source of emissions; for PayPal, for example, its carbon footprint from banking in 2021 was 55 times larger than all of its other emissions combined.
for: carbon footprint of investments - example, carbon footprint - Paypal
example
For producers that choose to diversify and are looking to align with the aims of the Paris Agreement, our bottom-up analysis of cash flows in a 1.5 °C scenario suggests that a reasonable ambition is for 50% of capital expenditures to go towards clean energy projects by 2030, on top of the investment needed to reduce scope 1 and 2 emissions.
for: stats - oil and gas industry - required investments in clean energy
stats: oil and gas industry - required investments in clean energy
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Einem neuen Bericht zufolge wird sich die Produktion von Kernenergie in den nächsten 10 Jahren verdoppeln. Die Preise für Uran sind in diesem Jahr bereits um 30% gestiegen. Die größte Nachfrage kommt aus China. Eine Studie von Barclays besagt, dass der Markt für neue, modulare Kernkraftwerke bis 2050 einen Umfang von 1000 Milliarden Dollar erreichen könnte. https://www.repubblica.it/economia/2023/10/03/news/tutti_pazzi_per_luranio_le_quotazioni_ai_massimi_da_12_anni_con_il_rilancio_delle_piccole_centrali_atomiche-416623652/.
Plenisfer-Bericht: https://www.generali-investments.lu/gb/en/professional/article/plenisfer-investments-the-long-term-bull-cycle-for-uranium-and-the-role-of-utilities-in-the-2023-rally
Paul Graham argued in 2005 (just before starting YCombinator) why venture capital is traditionally unfriendly to founders, and how it sets itself bad incentives.
Chancel’s recent paper adds new insights by allocating national consumption emissions associated with capital investments to individuals within each country based on their share of asset ownership, derived from the latest wealth inequality datasets. He finds that emissions from investments make up an increasing share – up to 70% in 2019 – of the footprints of the world’s 1% highest emitters.32
Hence, High Net Worth Individual Divestment (HNWID) is definitely an important future strategy.
n 2017, the startup raised what was then a historic $137.5 million Series A funding round from a group of notable investors including Intel, Microsoft, National Bank of Canada, Development Bank of Canada (BDC), NVIDIA, and Real Ventures.
This was indeed a historic amonunt raised! Probably because of Yoshua Bengio one of the god fathers of AI!