You may have seen the recent 'Mood of the Boardroom' insert in the NZ Herald, in which there was a story reporting on Adrian Orr’s willingness to debate ‘inclusive capitalism’. The Herald may have felt the headline was rhetorical but we have taken up the challenge.
As it happens the New Zealand Superannuation Fund has being doing some work on what investing in value means. It is part of a body of work they are doing on investing for the long term and trying to get out of the focus of short-termism! For example, a focus on stock markets whims (how many celphones were sold in the last quarter!) and in companies that if they were to extract a heap of gains now would be dead in the longer term because they will have depleted the environment, caused too much social chaos or simply created an economy that is untenable.
Rishab Sethi is on the staff of the Fund and has sent the attachments below here as examples of the work they have produced to develop these arguments. He will speak to the session on the work they are doing.
Reading the following is important background to Rishab's presentation:
- Inclusive Capitalism -- The Single Biggest Barrier
- Responsible Investment Framework
- Unshakable belief in the long term
- White Paper - The Advantages of Being a Long-Term Investor
This event segues nicely into the ethical investment workshop on Saturday 26th of September.
Auckland Polish Society
Morningside
Auckland, AUK 1025
New Zealand