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July 1, 2008

The Trouble with Social Investing

I like this quote from Andy Rappaport of August Capital about social investing -- the idea that you can do good via investing in social funds:

A lot of socially responsible funds have this idea that they’ll provide a social return, but you’ll have to accept a below-average financial return. I disagree. Once you give a business an opportunity to make a below-average return, you make it more likely it will.

Right on.

[via VCJ]

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