Transparent investing practices needed at University
Complicity. It is in the clothes we wear, the food we eat and the investments we make. Ralph Waldo Emerson wrote in his 1860 essay, "Fate," "You have just dined, and, however scrupulously the slaughterhouse is concealed in the graceful distance of miles, there is complicity." And yet even today, as more and more investors and companies recognize the value of Socially Responsible Investing (SRI), the slaughterhouse is still very much hidden carefully out of sight of consumers and investors alike.The admirable goal of PCAIR (Princeton Coalition Advocating Investor Responsibility) is to educate the University community about the implications of its endowment investments and ensure that our values as a community, whatever they may be, are at least taken into consideration when endowment managers decide investment strategy.Why shouldn't we attempt to know more about how the University's endowment is being spent?




