Capital Allocators – Inside the Institutional Investment Industry Tom Steyer – Investing to Save Humanity (Climate Solutions EP.1, Capital Allocators EP. 300)
Mar 6, 2023
Tom Steyer, founder of Farallon Capital Management and climate activist, shares his journey from Wall Street to advocating for climate solutions. He discusses the urgency of investing in renewables and innovative technologies like battery storage and nuclear fusion. Steyer reflects on his presidential run, emphasizing the moral responsibility of addressing climate change and systemic reform. He highlights the importance of capital allocation in combating environmental challenges and the need for a proactive approach to sustainable investing.
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Early Investing Interest
- Tom Steyer's interest in investing began organically while working on a cattle ranch.
- He observed that equipment manufacturers profited most, leading him to buy John Deere and International Harvester stock.
Choosing Goldman Sachs
- Tom Steyer chose Goldman Sachs' risk-arb group over General Atlantic.
- He was drawn to their successful track record during the inflationary 1970s.
Decision-Making and Investment Philosophy
- Make decisions as a team, but once a decision is made, everyone commits fully.
- Be open to adjusting based on new information, but avoid unnecessary complexity in investments.