Considering Future Risks in Business

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The analysis highlights the importance of considering risks in business that have not been historically priced in, such as the health impacts of sugary drinks. Although these risks may not currently affect asset values significantly, there is a looming concern that they will eventually impact businesses. The speaker mentions the concept of the 'tragedy of the horizon' where climate change was perceived as too distant in the future to affect present asset values, leading many investors to overlook its significance. It emphasizes the need to address long-term risks, even if they may not impact asset values immediately.

In this episode, William Green chats with Bruce Usher, author of a book titled “Investing in the Era of Climate Change.” Bruce, a successful entrepreneur, investor, & Columbia Business School professor, discusses the “once-in-a-lifetime” investment opportunity created by the transition of the global economy to a low-carbon future. He explains how to protect yourself financially as environmental risks intensify, & how to profit as trillions of dollars flow into innovative climate change solutions that will change the world—from electric vehicles to solar energy.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

05:37 - Why Bruce Usher sees climate change as a huge opportunity (& risk) for investors.

08:34 - How the transition to a low-carbon future will transform the global economy.

10:53 - How extreme weather is finally altering perceptions of climate change.

13:45 - How to protect against environmental threats to your property.

20:39 - Why electric vehicles & renewable energy are key drivers of decarbonization.

33:42 - How Berkshire Hathaway is playing the energy transition.

49:05 - Why leading companies like Apple & Microsoft are serious about sustainability.

54:02 - Why it’s wise to consider environmental factors before buying any stock.

01:03:53 - How to invest in funds & ETFs that reduce your exposure to climate risk.

01:12:44 - How billionaires like Bill Gates & Jeff Bezos invest in climate change solutions.

01:23:01 - What consumers can do to reduce their negative impact on the environment.

01:27:47 - Why Bruce thinks humanity might still avoid catastrophic climate change.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Bruce Usher’s book, Investing in the Era of Climate Change.
Bruce Usher’s book, Renewable Energy: A Primer for the Twenty-First Century.
William Green’s podcast interview with Bryan Lawrence.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
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