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]
