Monday, August 15, 2011

How to Profit from Simplification?

At the New York Times:

Can Jeremy Grantham Profit From Ecological Mayhem?


"Grantham, who is 72 and has what’s left of a British accent after living in Boston for more than four decades, outlined this wildly distressing assessment against a bland backdrop of chain décor and piped-in smooth jazz. He marked up his draft with a pen as he went along, departing from the text at times to emphasize a point. “Phosphorus makes up 1 percent of your body weight,” he said, looking up from the page to catch my eye. “It’s a basic element, the residue of exploded stars. You can’t just make more.” He also pointed out that most economists see global trade as a win-win proposition, but resource limitation turns it into a win-lose, zero-sum contest. “The faster China grows, the higher grain prices go, the more people in China or India who upgrade to meat, the higher the tendency for Africa to starve,” he said. ..."
http://www.nytimes.com/2011/08/14/magazine/can-jeremy-grantham-profit-from-ecological-mayhem.html?_r=2&ref=magazine




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