Has anyone started the, like, Let’s Destroy The Earth Fund yet? I feel like if you started a private equity fund with an explicit mandate to invest in things with the worst environmental, social and governance attributes, then you’d have two really strong marketing points:
1. There is a simple story to be told that, as investors demand ESG and shun assets with bad ESG scores, those assets will be underpriced and you can buy them cheap and get good returns; plus
2. In the U.S., there is political polarization around ESG, and you could market your fund to all the people who don’t want BlackRock Inc. to go around saving the world on their behalf.
Seems like a good business.
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I think “get the bonanza of a lifetime while also destroying the environment” is not a pitch that will appeal to everybody, but it definitely will appeal to somebody?
TBH I know almost nothing about finance and have never done even a little in that field, and can't think of any way to combine the things mentioned in this thread that wouldn't be so horribly, horribly inefficient that it would be better just to pay a bunch of random engineers to make your own shitty computer than it would to invest in it.
If I had to pick a field in which to be evil, finance is definitely the best choice
I guess what I'm saying is that "private equity" sounds like a term used by people with no concept of how the real world actually works to describe a very broad category of very complicated things
The whole idea of "private equity," with its many different types and levels of investment, is so baffling to me that I honestly don't know where to begin. If you know people who invest in private equity firms, and you can get some of their paperwork and research notes, this would be a super valuable thing to do (and I would totally read the stuff on some kind of... "Let's Destroy The Earth Fund"... )
This is pretty insightful as far as most takes go………… Thank u Frank. If investing money sucks, what thing would you invest your time or effort in?








