Philanthropy is commonly understood, as is investing that aims to maximize returns. How does impact investing fit between those two ideas?
Andrew Carnegie started this off, what did he do with his money?
Where does impact investing fit into this paradigm?
What about risk? Modern portfolio theory says that reward is related to risk, not to impact.
Going deeper, how much money is there in philanthropy? Isn’t it enough to solve the big problems of the world? Why do we need impact investing too?
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