Tuesday, 21 October 2014
Last updated 8 hours ago
Feb 27 2009 | 7:55am ET
Peter Diamandis, founder of the X Prize Foundation, the self-proclaimed mission of which is to “bring about radical breakthroughs for the benefit of humanity,” says philanthropists, rather than government, may be best positioned to tackle climate change.
“It’s great that governments the world over have woken up to the need for finding new ways to generate energy and extract carbon from the atmosphere,” Diamandis told the BBC, “The question is will they take the kind of risks needed because to have a fundamental breakthrough requires real risk taking.”
Diamandis was speaking on the sidelines of the Cleantech Forum in San Francisco, a gathering of nearly 800 industry leaders representing about $3 trillion in capital.
"The day before something is really a breakthrough,” said Diamandis, “It’s a crazy idea.”
Diamandis told the BBC he believed a growing army of billionaire philanthropists might be best placed to take the necessary risks.
“There are more than 1,000 individual billionaires who all of a sudden have the power to change the world for the better.
“These are people trying to transition from success to significance and now they can use that capital to try and change the world,” said Diamandis.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...