View source for Investment

[[File:Stora Kopparberg 1288.jpg|thumb|{{center|''Investment is most intelligent when it is most'' businesslike''.<br> - [[Benjamin Graham]], 1973''}}]]
'''[[w:Investment (disambiguation)|Investment]]''' is a term with varying meanings in economic, financial and military contexts; in economics, investment is related to saving and deferring consumption, and being involved in managing resources of time, energy, materials and efforts in many areas of an economy.
__NOTOC__
:<small>'''CONTENT'''</small> : [[#A - F|A - F]] , [[#G - L|G - L]] , [[#M - R|M - R]] , [[#S - Z|S - Z]] , [[#See also|See also]] , [[#External links|External links]]

== Quotes ==
(arranged alphabetically by author)

=== A - F ===
*The UK government’s overseas development bank has bowed to calls to end fossil fuel financing abroad by promising to invest only in companies that align with the [[W:Paris climate agreement|Paris climate agreement]]. The CDC Group revealed its new climate strategy, which will end support for the most polluting fossil fuel projects, including the production of oil and coal, and channel almost a third of its spending towards climate finance.  The publicly owned investor, which supports job-creating sectors in Africa and south Asia, will end financing for coal mining, and oil and gas production, as well as new or existing power plants and refineries that use coal or heavy oil.  The UK government is under growing pressure to end its support for overseas fossil fuel projects after campaigners revealed that more than £3bn in public money was used to support polluting projects abroad since the Paris climate agreement was signed... 
**[https://www.theguardian.com/environment/2020/jul/02/uk-governments-development-bank-to-end-fossil-fuel-financing UK government development bank to end fossil fuel financing: CDC Group’s climate strategy will stop support for most polluting projects in developing countries, by Jillian Ambrose,]  ''The Guardian'' (2 Jul 2020)

*The decision to curb support follows an exodus of major institutional investors from the coal industry in recent years, including Goldman Sachs and Blackrock.  Investors are wary of supporting industries that contribute to the climate crisis, and may risk the financial stability of their funds. Norway’s $1.19tn (£950bn) sovereign wealth fund, the largest in the world, has decided to reduce its exposure to oil and gas investments too.
**[https://www.theguardian.com/environment/2020/jul/02/uk-governments-development-bank-to-end-fossil-fuel-financing UK government development bank to end fossil fuel financing: CDC Group’s climate strategy will stop support for most polluting projects in developing countries, by Jillian Ambrose,]  ''The Guardian'' (2 Jul 2020)

*The UK’s biggest pension fund, the government-backed National Employment Savings Trust (Nest) scheme with nine million members, is to begin divesting from fossil fuels in what climate campaigners have hailed as a landmark move for the industry.   The fund will ban investments in any companies involved in coal mining, oil from tar sands and arctic drilling. But the move puts Nest – a public corporation of the Department for Work and Pensions – potentially at odds with the current pensions minister, Guy Opperman, who earlier this month condemned divestment as “counter productive”.  Nest, which handles much of the pensions of workers saving under the government’s “auto enrolment” scheme, will shift £5.5bn into “climate aware” investments as it anticipates a green economic recovery from coronavirus.  
**[https://www.theguardian.com/environment/2020/jul/29/national-employment-savings-trust-uks-biggest-pension-fund-divests-from-fossil-fuels UK's biggest pension fund begins fossil fuels divestment: National Employment Savings Trust to shun firms involved in coal, tar sands or arctic drilling, Patrick Collinson and Jillian Ambrose,] ''The Guardian'',  (29 Jul 2020) 

*The ban will mean that some of the world’s biggest mining companies, such as BHP, can never be part of Nest’s share holdings, as long they derive profits from digging coal. It said it will sell its final holdings in BHP by 3 August.  Nest will also seek to reduce its carbon-intensive holdings, such as with the traditional oil giants, while investing more money in renewable energy infrastructure. The fund’s chief investment officer, Mark Fawcett, said Nest was sending a strong and clear message about the seriousness of climate change.
**[https://www.theguardian.com/environment/2020/jul/29/national-employment-savings-trust-uks-biggest-pension-fund-divests-from-fossil-fuels UK's biggest pension fund begins fossil fuels divestment: National Employment Savings Trust to shun firms involved in coal, tar sands or arctic drilling, Patrick Collinson and Jillian Ambrose,] ''The Guardian'',  (29 Jul 2020)

*'''SWA Magazine''': How about orbital space colonies? Do you see these facilities being built or is the government going to cut back on projects like this?
:'''Asimov''': Well, now you've put your finger right on it. In order to have all of these wonderful things in space, we don't have to wait for technology - we've got the technology, and we don't have to wait for the know-how - we've got that too. All we need is the political go-ahead and the economic willingness to spend the money that is necessary. It is a little frustrating to think that if people concentrate on how much it is going to cost they will realize the great amount of profit they will get for their investment. Although they are reluctant to spend a few billions of dollars to get back an infinite quantity of money, the world doesn't mind spending $400 billion every years on arms and armaments, never getting anything back from it except a chance to commit suicide.
:* [[Isaac Asimov]] [http://americanindian.net/asimov.html "An Interview with Isaac Asimov"] by Phil Konstantin, ''Southwest Airlines Magazine'', (1979).

* The owners of savings not finding, in adequate quantities, their usual kind of investments, rush into anything that promises speciously, and when they find that these specious investments can be disposed of at a high profit, they rush into them more and more. The first taste is for high interest, but that taste soon becomes secondary. There is a second appetite for large gains to be made by selling the principal which is to yield the interest. So long as such sales can be effected the mania continues; when it ceases to be possible to effect them, ruin begins.
** [[Walter Bagehot]], ''Lombard Street: A Description of the Money Market'' (1783)

*The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. '''There's a problem, though: They are dancing in a room in which the clocks have no hands.'''
** [[Warren Buffett]], Berkshire Hathaway [http://www.berkshirehathaway.com/letters/2000.html 2000 Chairman's Letter]

{{Anchor|Sir Isaac Newton}}
* Long ago, Sir [[Isaac Newton]] gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the [[w:South Sea Company|South Sea Bubble]], explaining later, “I can calculate the movement of the stars, but not the madness of men.” If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: ''For investors as a whole, returns decrease as motion increases''.
** [[Warren Buffett]], {{cite web|title=Chairman's Letter - 2005|website=Berkshire Hathaway|date=February 28, 2006|url=https://www.berkshirehathaway.com/letters/2005ltr.pdf}}

* ... there are three connected realities that cause investing [[success]] to breed [[failure]]. First, a good record quickly attracts a torrent of [[money]]. Second, huge sums invariably act as an anchor on investment performance: What is easy with millions, struggles with billions (sob!). Third, most managers will nevertheless seek new money because of their ''personal'' equation – namely, the more funds they have under management, the more their fees.
** [[Warren Buffett]], {{cite web|title=Chairman's Letter - 2016|website=Berkshire Hathaway|date=February 25, 2017|url=https://www.berkshirehathaway.com/letters/2016ltr.pdf}}

* With all the clever brains in America it would be great to see more investment and focus on this essential research!
** [[Louise Burfitt-Dons]] Video message sent to Joe Biden in response to his suggestions for green jobs (2009).

* Every child in American should have access to a well-stocked school library. … An investment in libraries is an investment in our children's future.
** [[Laura Welch Bush]] As quoted in ''Biography Today : Profiles of People of Interest to Young Readers'', Vol. 12, Issue 2 : ''Laura Bush'' by Joanne Mattern (2003), p. 34.

*The city’s mayor signed a bill to eliminate the controversial [[Investment|investments]] by 2025.   Boston Mayor [[Michelle Wu]] has signed into law an ordinance to [[Fossil fuel divestment|divest the city from the fossil fuel]], [[tobacco]], and [[w:private prison industries|private prison industries]] by the end of 2025. The ordinance prohibits using public funds to invest in the stocks, securities, or other obligations of any company that derives more than 15% of its revenue from those industries. Under the new law, fossil fuel investments are defined as investments in any company that derives more than 15% of its revenue from the combustion, distribution, extraction, manufacture, or sale of fossil fuels, including coal, oil and gas, or fossil fuel products. It also includes electric distribution companies with corporate affiliates that derive revenue from fossil fuels.
**[https://www.ai-cio.com/news/boston-to-divest-from-fossil-fuels-tobacco-private-prisons/ Boston to Divest From Fossil Fuels, Tobacco, Private Prisons, ''Chief Investment Officer'',]  Dec 6, 2021

*Boston is among an increasing number of municipalities, universities, and private foundations that have announced plans to [[Divestment|divest]] from fossil fuels. In late October, ahead of the 2021 United Nations Climate Change Conference, better known as COP26, Auckland, New Zealand; Copenhagen, Denmark; Glasgow, Scotland; Paris; Rio de Janeiro; and Seattle announced commitments to divest from fossil fuel companies and increase investments to make cities more sustainable. Also last month, Baltimore Mayor Brandon Scott signed a bill that requires the city’s three pension funds to divest from the fossil fuel industry.  Those are in addition to divestment commitments made last year by Berlin; Bristol, England; Cape Town, South Africa; Durban, South Africa; London; Los Angeles; Milan; New Orleans; New York City; Oslo; Norway; Pittsburgh; and Vancouver, Canada. “Cities are at the forefront of tackling the climate emergency and there is real momentum to move investments away from fossil fuels and toward climate solutions,” London Mayor Sadiq Khan, who is chair-elect of C40 Cities, a network of mayors working to confront climate change, said in a statement. “I will continue to encourage more cities to join the movement, and urge national governments and private finance institutions to mobilize more finance to invest directly in cities to support a green and fair recovery.”
**[https://www.ai-cio.com/news/boston-to-divest-from-fossil-fuels-tobacco-private-prisons/ Boston to Divest From Fossil Fuels, Tobacco, Private Prisons, ''Chief Investment Officer'',]  Dec 6, 2021

=== G - L ===
* Investment is most intelligent when it is most'' businesslike''.
** [[Benjamin Graham]] (1973) ''[[w:The Intelligent Investor|The Intelligent Investor]]'' Chapter 20, "Margin of Safety": The Central Concept, p. 286.

* '''To achieve ''satisfactory'' investment results is easier than most people realize; to achieve ''superior results'' is harder than it looks.'''
** [[Benjamin Graham]] (1973) ''[[w:The Intelligent Investor|The Intelligent Investor]]'' Chapter 20, "Margin of Safety": The Central Concept, p. 287.

* The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.
** [[Kenneth Griffin]] (2008) [http://www.nytimes.com/2008/05/13/business/13sorkin.html?ref=business "A Wishlist for Fixing Wall Street," New York Times (May 13, 2008)].

*The College’s endowment will no longer be directly invested in fossil fuels and the [[Dartmouth College|Dartmouth]] Investment Office intends to allow its remaining public holdings in the sector to expire, according to an Oct. 8 announcement. Although this release marks the College’s first formal announcement of its divestment plan, the DIO banned fossil fuel holdings in 2020.   The College’s divestment approach results from two decisions made over a four-year span: a 2017 decision that barred the endowment from making any “new investments in private fossil fuel extraction, exploration and production funds” and a decision in early 2020 “for [the College’s] direct public portfolio to no longer hold investments in fossil fuel companies,” according to the announcement. The move comes after [[Harvard University]] announced a similar divestment strategy in September, after the [[w:Intergovernmental Panel on Climate Change|2021 Intergovernmental Panel on Climate Change report]] outlined the disastrous effects of continued climate inaction, after the student body presidents of the eight Ivy League schools called on the League to divest in April and after years of activism from Divest Dartmouth... According to the statement, “evidence that correlates the production of fossil fuels with the warming of the atmosphere is convincing and widely accepted.”     
**[https://www.thedartmouth.com/article/2021/10/college-announces-divestment-plans “College formally announces plan to divest from fossil fuels,  by Taylor Haber, ''The Dartmouth''], October 8, 2021 

*A movement to [[Divestment|divest]] from [[fossil fuel]] is gaining support among foundations as activists push for funding to be shifted away from coal, oil and natural gas. The call from activists to the charitable world is simple: Ditch fossil fuels and direct your investments into climate-friendly companies and funds.   The worldwide divestment campaign has sought commitments from universities, corporations and other entities. Now, two of the biggest names in philanthropy — the Ford and MacArthur foundations — are reorienting their investments away from fossil fuels, a move that leaders of the divestment movement hope will prove to be a tipping point for the charitable world.... “We’re calling on governments and corporations to act on climate aggressively and commensurate with the science,” said Ellen Dorsey, executive director of the Wallace Global Fund and a leader in Divest-Invest Philanthropy, which is pushing the philanthropic community to dump its fossil fuel investments.... The MacArthur Foundation, an $8 billion organization known for its “genius grants,” pledged two years ago to halt new investments in oil and gas. It went further in September, saying it would switch to U.S. index funds that exclude fossil fuel companies. And it's aiming to change its global index funds to do the same within a year.
**[https://www.usnews.com/news/business/articles/2021-11-01/fossil-fuel-divestment-gains-momentum-in-philanthropy Fossil Fuel Divestment Gains Momentum in Philanthropy By Haleluya Hadero, ''Associated Press''],  Nov. 1, 2021 
[[File:Philip J. Hanlon.jpg|thumb|Our investment team’s analysis indicated that there is a continued growing global shift in demand towards renewable and clean energy,... What we’ve noticed is that investments in energy transitions are now comparable or better than the investment opportunities in fossil fuel companies...Our investment team’s analysis indicated that there is a continued growing global shift in demand towards renewable and clean energy... What we’ve noticed is that investments in energy transitions are now comparable or better than the investment opportunities in fossil fuel companies.  ~  [[W:Philip J. Hanlon|Philip J. Hanlon]]]]

*Together, these bylaws prohibit any future fossil fuel investments from entering the endowment....As the terms of these partnerships approach their legally-contracted conclusions… the [investment] managers will move through the sale processes of those assets... In the past few years... the College has found that the investment in sustainable energy companies provides great returns and also allows the College to support new technology developments and make a huge difference.... Our investment team’s analysis indicated that there is a continued growing global shift in demand towards renewable and clean energy,... What we’ve noticed is that investments in energy transitions are now comparable or better than the investment opportunities in fossil fuel companies...Our investment team’s analysis indicated that there is a continued growing global shift in demand towards renewable and clean energy... What we’ve noticed is that investments in energy transitions are now comparable or better than the investment opportunities in fossil fuel companies.
** [[W:Philip J. Hanlon|Phil Hanlon]], quoted in [https://www.thedartmouth.com/article/2021/10/college-announces-divestment-plans “College formally announces plan to divest from fossil fuels,  by Taylor Haber, ''The Dartmouth''], October 8, 2021 

* The landlord, ''qua'' landlord, performs no function in the economy of industry or of food production. He is a rent receiver; that, and nothing more. Were the landlord to be abolished, the soil and the people who till it would still remain, and the disappearance of the landowner would pass almost unnoticed. So too with the capitalist. ... By capitalist, I mean the investor who puts his money into a concern and draws profits there from without participating in the organisation or management of the business. Were all these to disappear in the night, leaving no trace behind, nothing would be changed.
** [[Keir Hardie]], ''From Serfdom to Socialism'' (1907), p. 11.

* Investment of capital, to yield its fruit in the future, must be based on expectations, of opportunities in the future. When I put this to Hayek, he told me that this was indeed the direction in which he had been thinking. Hayek gave me a copy of a paper on 'intertemporal equilibrium', which he had written some years before his arrival in London; the conditions for a perfect foresight equilibrium were there set out in a very sophisticated manner.
** [[John Hicks]], ''Money, Interest and Wages'' (1982), p. 6.

* The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.
** [[Michal Kalecki]] (1965) ''Theory of Economic Dynamics'' Chapter 3, The Determinants of Profits, p. 51.

* Senator Menendez seems to think that tax increases create jobs and investment. I believe that private businesses create jobs, and that investment will flow to states with good economic climates and good governance, especially in a globalized economy.
** [[Tom Kean, Jr.]] On Taxes (May 12, 2006); [http://tomkean.com/today/index.cfm?e=user.about.blog&messageID=137 "Congress Agrees on Tax Relief Extension",  ''Tom's Blog'' (May 12, 2006)].

* As this State's income rises, so does the income of Michigan. As the income of Michigan rises, so does the income of the United States. '''''A rising tide lifts all the boats''''' and as Arkansas becomes more prosperous so does the United States and as this section declines so does the United States. So I regard this as an investment by the people of the United States in the United States.
** [[John F. Kennedy]] Remarks in Heber Springs, Arkansas, at the Dedication of Greers Ferry Dam. October 3, 1963[http://www.presidency.ucsb.edu/ws/index.php?pid=9455]

* Professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole.
** [[John Maynard Keynes]] (1935)  ''[[w:The General Theory of Employment, Interest, and Money|The General Theory of Employment, Interest and Money]] ''Book 4, Chapter 12, Section 5, p. 156.

* '''The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.'''
**  [[John Maynard Keynes]] (1935)  '[[w:The General Theory of Employment, Interest, and Money|The General Theory of Employment, Interest and Money]] Book 4, Chapter 12, Section 5, p. 155.

=== M - R ===
* All successful investment involves trying to get into something where it's worth more than you're paying. That's what successful investing is.
** [[Charlie Munger|Charles T. Munger]] {{cite journal|title=A Conversation with Distinguished Alumnus Charles T. Munger (CERT '44, CAVU)|date=December 17, 2020|journal=Caltech, YouTube|url=https://www.youtube.com/watch?v=WaDU1J91hY8}} (quote at 16:10 of 58:41)

* The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The “purposes of the Bank” were defined as follows: “To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors; and when private capital is not available on reasonable terms, to supplement private investments by providing, on suitable conditions, finance for productive purposes out of its own capital, funds raised by it and its other resources”
** [[Nico Perrone]] ''The international economy from a political to an authoritative drive'' p. 130.

*The Vatican urged Catholics on Thursday to disinvest from the [[Weapon|armaments]] and [[fossil fuel|fossil fuel industries]] and to closely monitor companies in sectors such as mining to check if they are damaging the environment.  The calls were contained in a 225-page manual for church leaders and workers to mark the fifth anniversary of [[Pope Francis]]’ landmark encyclical “Laudato Si” (Praised Be) on the need to protect nature, life and defenseless people.  The compendium suggests practical steps to achieve the goals of the encyclical, which strongly supported agreements to contain [[global warming]] and warned against the dangers of climate change.  The manual’s section on finance said people “could favor positive changes ... by excluding from their investments companies that do not satisfy certain parameters.” It listed these as respect for [[human rights]], bans on [[Child labour|child labor]] and [[Environmentalism|protection of the environment]]... Last month, more that 40 faith organizations from around the world, more than half of them Catholic, pledged to '''divest from fossil fuel companies'''.  The document urges Catholics to defend the rights of local populations to have a say in whether their lands can be used for oil or mineral extraction and the right to take strong stands against companies that cause environmental disasters or over-exploit natural resources such as forests.
**[https://www.reuters.com/article/us-vatican-environment/vatican-urges-catholics-to-drop-investments-in-fossil-fuels-arms-idUSKBN23P1HI Vatican urges Catholics to drop investments in fossil fuels, arms, Philip Pullella, ] ''Reuters'',  (18 June 2020)

* It is the rate of investment which governs the rate of saving, and not ''vice versa''.
** [[Joan Robinson]]  (1966) ''An Essay on Marxian Economics'' (Second Edition) Chapter VIII, The General Theory of Employment, p. 66.

* … If you want more work and investment, you hold a sale on economic activity by cutting tax rates, thereby reducing the cost of productive activity and increasing the prospect of after-tax returns on work and investment."
** [[Mike Rosen]] July 22, 2005 Rocky Mountain News column.

=== S - Z ===
* With [[w:joint-stock company|joint-stock corporation]]s, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to [[w:Diversification (finance)|diversify]] their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.
** [[Jim Stanford]] (2008) ''Economics For Everyone'' Part 2, Chapter 7, Companies, Owners, and Profit, p. 91.

* It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American [[stock market]] into nothing more than a mechanism for transferring wealth from shareholders to management.
** [[Peter Schiff]] (2006) ''Crash Proof''.

* Mutual funds are an overrated investment heavily promoted by [[Wall Street]].
** [[Peter Schiff]] (2006) ''Crash Proof''.

* The principles of investment are involved in activities that do not pass through the marketplace, and are not normally thought of as economic. Putting things away after you use them is an investment of time in the present to reduce the time required to find them in the future. Explaining yourself to others can be a time-consuming, and even unpleasant, activity but it is engaged in as an investment to prevent greater unhappiness in the future from misunderstandings.
** Thomas Sowell, ''Basic Economics'', 4th ed. (2010), Ch. 12. Investment and Speculation

* Economic life should be [[w:financialization|definancialised]]. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).
** [[Nassim Nicholas Taleb]]  (2009) ''Ten principles for a Black Swan-proof world''.

* I wonder if those who advocate generosity for its rewards notice the inconsistency, or if what they call generosity is an attractive investment strategy.
** Nassim Nicholas Taleb, ''The Bed of Procrustes: Philosophical and Practical Aphorisms'' (2010) Preludes, p.6.

* What fools call “wasting time” is most often the best investment.
** [[Nassim Nicholas Taleb]] (2010) ''The Bed of Procrustes: Philosophical and Practical Aphorisms''p. 24.

* The writer, who as an engineer has spent most of his life in factories, is inclined to look at the basis for investment from a technological point of view... Consider … the class of industrial investments only... The situation is one of entrepreneurs and boards of [[director]]s considering, from time to time, various ’possibilities of investment’, such as extra lathes or looms, an extension to a factory, a venture in some completely new product, and so on. It is helpful to think of these ’opportunities for investment’ as existing, in a given situation, in great number and variety, whether they are at that moment under active consideration or not. When any such possibility is considered it is assessed in respect of ’expected profitability’. One may conveniently think of all possibilities of investment as ’quanta’ that can be placed in a schedule of small ranges of expected profitability according to these assessments. The placement of a given ’opportunity for investment’ on this schedule has some ’margin of uncertainty’ (a curious analogy with the case of the quanta of physics).
** [[Arnold Tustin]] (1953) ''The Mechanism of Economic Systems'' p. 103; As cited in: ''Prices Revalued as Information: Circuit Elements'', online document 2013.

*On October 27, [[W:University of Toronto|University of Toronto]] (UofT) President [[W:Meric Gertler|Meric Gertler]] announced the university’s commitment to [[Fossil fuel divestment|divest from fossil fuel companies]] within its endowment fund of $4 billion, citing findings from the [[United Nations]] and the [[World Health Organization]] on the impending [[climate crisis]] which “now demands bold actions that have both substantive and symbolic impact.” This divestment includes a pledge to divest from all direct investments in fossil fuel companies within the next 12 months... This decision follows those of many other universities across Canada and the United States in the past few years, including Concordia University in 2019 and Harvard University this past September....As of 2021, approximately 220 postsecondary institutions have divested from the fossil fuel industry.   UofT’s decision was motivated by its perceived role as a leading academic institution to meet the “urgent challenge” of the climate crisis and its [[responsibility]] for the detrimental effects that will “disproportionately fall on students and generations of future students and children around the world.”  
**[https://www.mcgilldaily.com/2021/12/uoft-divests-from-fossil-fuels/ UofT Divests from Fossil Fuels, by Elsie Yang, ''McGill Dailey''],   December 1, 2021

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== See also ==
* [[Capitalism]]
* [[Gain]]
* [[Money]]
* [[Profit]]
* [[Divestment]]
* [[Climate change denial]]
* [[Ethics]]
* [[Global warming]] 
* [[Fossil fuel divestment]]
* [[Karma]]
* [[Responsibility]]
 
==External links==
{{wikipedia}}

{{wiktionary|investment}}

[[Category:Business]]
[[Category:Economics]]
[[Category:Management]]
[[Category:Investment| ]]