Is investing itself the problem?
Our lives are split between living every day and accumulating money for our future. We have over $100 trillion invested, more than the size of the global economy, and the planet can no longer produce enough to keep this growing. There is no other way to say it - our savings are killing the planet. But we need the money. We need it to support us as we age. We fear not having enough, of becoming destitute.
This book tells the stories of how we got here and why we are stuck. What can we do about it? How do we reimagine our future and choose between living for a pool of money or purposeful life?
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Dr David Ko started in investment management in 1994 with LTCM as one of the first people to be employed by the hedge fund. Before this, he was a university lecturer in physics at Oxford University. Its meteoric rise, with the Dream Team of market wizards, central bankers, and Nobel academics, triggered other market participants to jump on the bandwagon of its strategies until the collective demise came to within a hair's breadth of global financial Armageddon. It was his first and constant reminder that investing for profit has devastating consequences.
After a successful career in investment management, he sidestepped the Global Financial Crisis by taking a sabbatical running Science Investigators to deliver hands-on workshops to schools. He later returned to investment management and worked since 2017 with Richard looking at sustainable investing. This led them to recognise that the problem is we simply have too much money invested for the planet to provide the returns without destroying it.
Chapter 1: The sustainability myth
Chapter 2: It's our money, stupid!
Chapter 3: A deal with the devil
Chapter 4: Once in a lifetime - Well... how did I get here?
Chapter 5: Interventions - We just can't help ourselves
Chapter 6: The California Gold Rush
Chapter 7: The GFC - A short lesson in reflexivity
Chapter 8: Investments - The age of asset management
Chapter 9: Sustainable investing
Chapter 10: Choices
Chapter 11: Good vs evil
Chapter 12: Reimagining the future
Chapter 13: Experimentation - A way forward
Chapter 14: All the money in the world
Chapter 15: Happily ever after
About the Authors