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Impact Investing

Essay by   •  October 20, 2017  •  Coursework  •  384 Words (2 Pages)  •  1,005 Views

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  1. Make sure what the priority is

In Sandel’s book “what money can’t buy”, he advocates that we should have a market economy instead of being a market society. This is extremely important when it comes to the natural disaster. In my point of view, “Financial-first” is certainly not a great idea when you see so many people suffer hunger and cold. So “impact-first” becomes my priority before using my impact investing fund.

  1. Learn about what people really need
  1. Monitor local news reports

it’s the most quickest way to get to know the condition of a disaster since the condition is so urgent and the Field Survey would take too long .

Like in this case,  

Hurricane Harvey was an extremely destructive Atlantic hurricane. The resulting floods inundated hundreds of thousands of homes, displaced more than 30,000 people.

By October 14, the fires had burned more than 210,000 acres while forcing 90,000 people to evacuate from their homes

  1. Form a think tank including local people

A regional problem needs a regional solution. That’s what I learn from Julianne Zimmerman’s presentation. Context is of vital importance. So if we can get some experts or volunteers who are local or who are familiar with this area to form a think tank. Then we may get more clear on what are the immediate needs. Also, we can keep in touch with the local government.

2.  Define our goal and opportunity

1)  define the goal

What Katherine Collins said in her book really leaves a deep impression in my mind, “Invest with the goal of elegant simplicity. You don’t need to complicate things.”

So it is obvious that after we figuring out the immediate need, addressing the need would be our goal. For example, it may be the Emergency treatment or the housing problems.

  1. Make the opportunity clear

Then it’s important for us to evaluate ourselves to make our goals detailed. Evaluating the financial assets means considering the size of the monetary assets I have and the best way to deploy them. We should also evlauate the non-monetary assets like our mobility, team and net work. After evaluating, we may detailed our goal as “build how many emergency shelters in which specific area”. Then things like the financial returns and the co-investors may also put into our consideration at the end.

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