The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Thomas: Black business owners average one-seventh the equity of white peers
“African American business owners have on average about one seventh of the equity in their businesses of their white male counterparts.”
Thomas: Emerging private market managers outperform on average despite fewer assets
“One of the counterintuitive things in private markets is I have invested a fair amount with emerging managers. Now, the irony is empirically, it says it makes sense. Like on average, even though they have a lot less in the way of assets, they outperform, but i…”
Thomas: Under 2% of VC goes to women and diverse-owned firms
“When we look at markets like venture capital, and you say less than two percent of that capital is allocated to women in diverse-owned firms, but women and ethnically diverse people make up 70% of the population in expanding, that's a huge disconnect.”
Thomas: Most global impact capital focuses on environmental rather than social issues
“Because even if you think about impact investing, a lot of the emphasis in dollars globally Have really focused on the environmental side of the equation and not as much on the social impact side.”
Thomas: Lower middle market has higher proportion of diverse-led companies
“And by the way, if you also have an interest in focusing on economic inclusion, You're going to have a higher percentage of those firms be actually diverse, owned, or led on a relative basis.”
Thomas: Black Americans Face 46% of US Drug Convictions Despite 13% Usage
“If I look at Blacks, we make up 13% or so, depending on when the last time you did the census of the population, 13, 14%, that make up the same percentage of drug users. But we make up 36% of arrest for drug conviction and 46% of drug convictions.”
Thomas: Northern Trust had $170B dedicated to sustainable investing strategies
“I mean, we got to the point of our 1.3 trillion at the time in assets, we had a hundred and seventy billion just dedicated. To a different sustainable investing strategies.”