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by mochris 2469 days ago
I've divested from oil companies, not because I think it will change corporate governance at XOM or BP, but because I like to buy things that I can hold for a decade or three, without thinking too hard about them.

I don't want to spend my time thinking about when, precisely, XOM and BP will have peaked. I'd rather just get rid of them and free up that mental space to concentrate on what's next in the world of energy generation, storage, and transmission.

1 comments

Sure, that makes a lot of sense, but what companies can you invest in that you wouldn't have to worry about for that long?
For most people that's the wrong question. If you have capital that can be applied to long term resolute ideals you likely don't have to worry about capital in general. We all know fossil fuels have have an expiration date. We can easily state that money invested in building next generation power acquisition, delivery and storage will displace them. But again, you need a stack of chips to play.
This is a good idea, unfortunately when it comes to investment it is not enough for a company to be in the right track. It also needs to dominate the market, which is more difficult. For example, lots of companies were created in the Internet bubble, but only a few survived and came to dominate the market.