Climate Investing: $3B Hedge Fund Lessons + “Free the Money” for Impact

Discover how Howard Fischer went from hedge fund titan to climate impact evangelist — moving capital from spreadsheets to soul to fund game-changing climate solutions.

My guest today is Howard Fischer, the Chief Evangelist at Gratitude Railroad and CEO of Basso Capital Management.

Gratitude Railroad's mission is to support investors in moving capital from traditional finance to impact investments that create deep social and environmental impact, without compromising financial returns.

His bio on the GR website is delightful in its brevity and insight into who he is. And I quote:

“Uphill over downhill; Snow over sand; Read over watch; Trees over skyscrapers; Pizza over steak; Conversation over gossip; Disagree over agree; Instinct over spreadsheets; Relationship over contract.”

In this episode, we talked about:

• His 40 years in hedge funds
• How his rebirth in 2013 while not religious was like a metaphorical move from Gordon Gekko to Dalai Lama
• His financial reckoning during the 2008 financial crisis when his hedge fund went from $3B to $300M
• The risks in wearing the golden handcuffs of fat paychecks from big-brand employers
• How philanthropy is broken and government is not a great problem solver
• Why we have to move more profit-driven capital to the climate sector
• Examples of the climate investments they’ve made at Gratitude Railroad, including a focus on organic waste management
• His theme of “Free the Money” and related investments in Climate First Bank and First Women’s Bank
• Why we can’t ask people to eat their broccoli (sorry, you have to listen to understand what this means)
• Some of his favorite books, such as The Book of Joy: Lasting Happiness in a Changing World, Soulcraft: Crossing into the Mysteries of Nature and Psyche, and The Nutmeg’s Curse: Parables for a Planet in Crisis
• And lots more

Hope you enjoy.

And give Howard a shout-out on LinkedIn or Twitter by sharing this podcast with your people.

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