Focusing Capital on the Long Term

Risk and Resilience | Report

Ahead of the Curve: Factoring the Cost of Carbon Into Long-Term Decision-Making

By Allen He, CFA, FRM, Joel Paula, CAIA, Jessica Pollock

14 July 2025 - Climate change is a force reshaping the global economy—and will influence capital allocation for decades to come. Climate-related risks and externalities, especially carbon emissions, are becoming material to long-term financial decision-making.

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Podcast

Going Long Podcast: Mark Wiseman on Long-term Capital in Short-term Systems

1 December 2025 - “In the long run, most of the time, values and value converge… it doesn’t matter much what your political perspective is… it will have an impact on the long-term cash flow potential of an asset.”

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Risk and Resilience | Article

Managing Geopolitical Change is Now a Core Investment Skill

By Joel Paula, CAIA, Victoria Tellez

25 November 2025 - Which is worse: missing a major disruption that creates a new long-term equilibrium, or overreacting to a temporary event that soon reverts to prior conditions? Long-term investors dislike feeling exposed, underprepared, or unaware of potential risks. Fortunately, there are steps they can take to prepare their organizations for geopolitical turbulence.

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Investor-Corporate Engagement | Article

The Buyback Mirage: What Record Share Repurchases Are Hiding

By Allen He, CFA, FRM

26 November 2025 - Without disciplined capital allocation, buybacks can signal weakness, not strength. According to a recent MarketWatch article, analysts have labeled Apple’s $100 billion announcement “disappointing” — not because it was small, but because it failed to set a new record.

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Innovation | Podcast

Going Long Podcast: Mark Machin on The Scientific Mindset Behind Long-Term Investing

17 November 2025 - “The scientific method is pretty helpful when you think about investing — the accumulation of knowledge and insight, the fact that nothing’s ever black and white, and that you look at things on a probability-driven basis.”

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We Drive Change Through a Focus on Key Areas

Longer investment horizons

Developing strategies that companies and investors can implement to prioritize long-term growth and avoid the short-term behaviors that hinder progress.