Environment
To avoid a tragedy of the commons, we need to develop a formal method to price nature assets.
Where will oil price go from here? And how will it affect the global economy, markets, and investors' nest eggs? We have curated some expert views on this and more in this edition of Weekend Reads for Global Investors.
It was an eventful week: In their annual letter, Warren Buffett and Charlie Munger revealed to Berkshire Hathaway shareholders what has made the company such a success. Chai Jing, an investigative journalist, released a documentary on the sources of China's air pollution, which almost instantaneously attracted 100 million viewers. Read more about the letter, the documentary, and the most debated dress on the planet in this latest edition of Weekend Reads.
For astute investors who are always asking "is the price right?" we serve up some food for thought this weekend.
The best presents of the season so far came from central bankers in China and Europe. Last Friday, People's Bank of China announced its first rate cut since 2012. European Central Bank (ECB) President Mario Draghi also hinted strongly at continued quantitative easing. Investors globally responded with a holiday cheer and promptly sent markets to new highs.
Nearly half of respondents believe the best way to address environmental issues is to "consider the risks, costs and potential opportunities . . . when analyzing investments." Yet, around one-quarter of respondents think it is important to intervene earlier, and they support training in business school or in other educational programs those who want to enter the investment profession.
What are the different environmental assets in which investors can invest? A new short book, Environmental Markets: A New Asset Class, answers this question and explains the role… READ MORE ›