I’m not sure what to make of this. But the Church of England is investing in Al Gore’s oh-so-green investment firm. And that’s green as in “socially responsible,” not necessarily as in actually making money.
In fact, Al Gore’s comments sound suspiciously like excuses to lose money.
Institutional investors in his fund are “more attracted to the strategy we follow are managing long-term assets toward long-term goals.”
"Those looking for a quick hit in the market place, to skim the cream and go somewhere else, those are not the investors attracted to this strategy,” Mr Gore said, according to wire service reports.
Well, personally, I like to make money long and short term, and I’m not attracted at all, thank you.
Without getting into a discourse on socially responsible investing, I think wise donations of one’s obscene profits are a more effective way to change the world, certainly more effective than investing with Al Gore.