Commentary here on the Deep Green issue has included hysterical...

Commentary here on the Deep Green issue has included hysterical exaggeration. Certainly one would hesitate to invest in something offensive to many peoples environmental concerns but these were not so common several years ago - at that time it probably would have looked like a worthwhile punt, albeit one I would not have taken. To conflate it with the Melbourne IT disaster is nonsense. Even without the benefit of hindsight a massive investment in an illiquid stock was absurd but I don't remember a lot of criticism before the Melbourne IT share price collapsed. Karl's disclosures of the TMC situation should have been clearer but we now know that the Deep Green holding has been profitable and with the share price today about 20% below the asset backing I will probably increase my holding. I would still favour spinning off TMC if possible because activists may be unwilling to invest in a fund with a significant environmentally questionable component.