VALUE(S) BUILDING A BETTER WORLD FOR ALL - Mark Carney

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ISBN: 978-0-00-842109-0

Verdict: 👍👍👍👍

I really enjoyed this book from Mark Carney, a former G7 central banker, governor of the Bank of Canada and more recently the Bank of England, so he brings a wealth of financial experience and insights into this book.
This book address values and the value using past economic crisis, cryptocurrencies, covid and the net zero goals / initiatives and brings some advice with a very much financial lens.
 
The book does make one and reflect on things e.g.  the value of Amazon (the company) in relation to the Amazon Region where Amazon has a $1.5 trillion equity valuation, whilst the Amazon Region does not appear on any ledger yet the costs to both climate and biodiversity of destroying the rainforest has greater value to the planet – Makes you think! This example and others set the tone.

Here are some of favourite bits – however unless you read the book the context is lost but worthy of mention.
1.     “In matters of money, there is no room for doubt.” P63
2.     “Cryptocurrencies are not the future of money. But that is not to dismiss them.” p114
3.     “More equal societies are more resilient, they are more likely to invest for the many not for the few, and to have robust political institutions and consistent policies’” p125
4.     “We put a value on pain when, through the market, we set the price for ibuprofen and a value on pleasure when we set the price for a Pepsi” p231
5.     “Society’s response to Covid has revealed much about people’s relationship to the state and the values of society” p235
6.     “Attention has turned to the very real opportunities the crisis has already revealed: in teleworking, e-health, distance learning and the acceleration across our economies from moving atoms to shifting bits.” P259
7.     “We are all in the same storm, but we are not all in the same boat” p 387 
8.     “When a social need can be tackled with a profitable business model, the magic of capitalism is unleashed.” p453
9.     “Integrity can neither be bought not legislated”. P 481 

This book of  500+ pages has some great suggestions for individuals, companies, investors and world leaders top consider with suggestions on how we can manage, control and even regulate investments in net zero portfolios. So worth a read !

 

Location: London, UK

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