Mary Robinson: Absolute poverty

‘When I am asked, “What, in your view, is the worst human rights problem in the world today?” I reply: “Absolute poverty.” This is not the answer most journalists expect. It is neither sexy nor legalistic. But it is true.’

—Mary Robinson, 7th President of Ireland (b. 21 May 1944) .

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Kinney & Landecker: Fat pitches

“Ideally, we like to invest in growing companies with a sustainable competitive advantage and attractive economics in combination with a management team that will intelligently redeploy or redistribute excess capital. In a world where it is difficult to find good ideas, our style is to diligently and patiently search the world for fat pitches, and then swing on the rare opportunity when we think the odds are in our favor. When times are good, we hope to invest in ideas that can double over three years. Given that we are not favorably disposed to ‘cheating’ on either valuation or quality, when ideas are harder to come by, as they are now, we are more likely to have higher than average cash levels. ”

—Peter Kinney and Mark Landecker, Acacia Capital (April 2007).