srvo

im tagged in this image and i don't like it

The fastest growing carbon pool in Colorado is dead trees.

We will either get hip to recognizing their value or used to breathing in the >2.5μm particulates they emit when they burn.

Strong agree -- lobbying spend is a huge signal of corporations associated with preventable harms. We use it extensively at ethical capital.

"He believed that making people fall in love with another species might do more for the ocean than any policy paper ever could."

This got my wheels turning. Charismatic megafauna (like whales) already drive the top of the funnel for ecological awareness. Imagine what the cetacean equivalent of the staples baddie could do.

I think that stake is called taxes. As for the shares, they're supposed to come in the form of government services.

Thanks for clarifying! I misspoke there, but from my standpoint (portfolio manager/equities investor) that's better.

Wafer fabs are capital intensive, complex, and need constant retooling. The bulk of the commercial value lives in the stuff you do on your whiteboard.

From a geopolitical standpoint, I'll concede there's value in having the ability to actually make the stuff without acceding to the duopoly. But I'd still rather see the capital invested in basic research which might change the capital dynamics of the industry in the intermediate to long term.

The problem here isn't that the government gets involved in businesses. That has always been something they do.

The problem is that these days they do it capriciously, without any sort of plan or intention.

The government played a foundational role in supporting the early stage research that enabled companies like Intel to emerge. Underwriting that sort of long-term investment that wouldn't easily attract commercial capital is a great place for them to be.

Meanwhile, is it even the case that the American chip industry is declining? Apple, Nvidia, and Google all have significant chip manufacturing operations. And this isn't an industry I even follow particularly closesly.

the corporate credit rating scale is different from the sovereign one. That said, msft credit has traded through govt bonds multiple times. So arguably the market-based rating system agrees with you (even though the ratings agencies dont neccessarily)

This is the way that foundations and endowments should operate.

Too many well-intentioned organizations wind up milquetoast tax-exempt hedge funds aimed primarily at self-preservation because the received wisdom is that they should focus on building endowments and keep their withdrawal rates below 4% in order to achieve immortality.

I'm a big believer in research-driven philanthropy and mission-driven organizations. But i've seen the institutional desire for self-preservation supersede essential purposes at a few of them, with disastrous implications for their effectiveness.

The Gates foundation probably controls ~5% of the ~$2T that charitable foundations have in endowments globally. If the majority of these organizations adopted these sorts of depletion goals, their program budgets could probably more than double.

Thank you for coming to my TED talk.

I probably have terminal "investor brain," but whenever this stuff happens my first thought is "my favorite store is having a sale."

Then I think about everyone that's getting hurt by this and kick myself for giving into my lizard brain.

Honestly, the fact that J.P. Morgan employees are even pondering this credibly enough for it to get picked up by Barron's is a watershed moment for the labor rights movement in the U.S.

Yeah, some places have an unwritten "just write us and we'll do it" policy. It's nice to know they're up for it, but the cognitive load of reaching out is like 100x higher than just putting it in your preferences. I know there's no good solution here though, so I guess i'll just shout at the sky.