| Revision as of 05:13, 26 November 2023 view sourceSandizer (talk | contribs)Extended confirmed users1,240 editsm →Another Endowment question: to wide on mobile← Previous edit | Latest revision as of 17:09, 5 January 2025 view source Lowercase sigmabot III (talk | contribs)Bots, Template editors2,299,652 editsm Archiving 1 discussion(s) to User talk:Jimbo Wales/Archive 252) (bot | ||
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| | title = Misplaced Pages Editors Very Mad About Jimmy |
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| | url = https://www.vice.com/en/article/qjbkvm/wikipedia-editors-very-mad-about-jimmy-waless-nft-of-a-wikipedia-edit | | url = https://www.vice.com/en/article/qjbkvm/wikipedia-editors-very-mad-about-jimmy-waless-nft-of-a-wikipedia-edit | ||
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== ''The Signpost'': 24 December 2024 == | ||
| ⚫ | <div lang="en" dir="ltr" class="mw-content-ltr"><div style="column-count:2;"> {{Misplaced Pages:Misplaced Pages Signpost/2024-12-24}} </div><!--Volume 20, Issue 18--> <div class="hlist" style="margin-top:10px; font-size:90%; padding-left:5px; font-family:Georgia, Palatino, Palatino Linotype, Times, Times New Roman, serif;"> * ''']''' * ] * ] * ] (]) 00:01, 25 December 2024 (UTC) <!-- Sent via script (]) --></div></div> | ||
| Greeting, Jimbo. I find you seldom replied to the comment on your talk page on meta-wiki, you may want to leave a redirect there to here? ] 16:29, 18 November 2023 (UTC) | |||
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| == ''The Signpost'': 20 November 2023 == | |||
| Happy New Year Jimbo Wales! Wish you luck in 2025! ] (]) 03:13, 1 January 2025 (UTC) | |||
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| == Another Endowment question == | |||
| Happy New Year Jimbo!!! I hope all is well with you and your team. | |||
| Could you or your page watchers help me with ]? The draft has been declined and tagged up. It was then deleted years ago. I had it restored today after I came across one of his photos. I think he and his photography are fascinating for capturing aspects of New Zealand's transportation and industrial history. His work is in museum and library collections. At least one of his photographs has been used in a book. He photographed Maori sites. | |||
| Currently the Foundation has about $255 million in cash and short-term investments, while the Endowment has about $119 million in long-term investments. Should the Foundation transfer some to the Endowment to presumably secure a larger and safer return? If so, how much? Presumably this would be done after getting the Endowment out of Tides; so my third question is when is that expected to occur? ] (]) 19:14, 21 November 2023 (UTC)11 | |||
| :We are entirely out of Tides. details the current investment policy. | |||
| :The question of moving money from WMF and into the endowment is different from the question of how money currently with WMF should be invested. I think there's merit in the idea of periodically moving money out of WMF and into the Endowment, with the caveat that we shouldn't run a high risk that WMF might need to dip into the Endowment for an emergency caused by running too short a balance within WMF. I think that using the Endowment to cover shortfalls shouldn't be something that anyone gets comfortable with. | |||
| :The question of whether all of WMF's money that's currently in cash and short-term investments should stay that way is also valid. One way that I would approach the question is to start to match the duration of some of the investments to the expected timeline of expenditures, as opposed to simply blindly moving into equity or longterm bonds. (When interest rates rise, long term bonds get crushed, but if the intention is to hold some securities to maturity to meet some expected future expenditure, the the interest rate risk is less relevant. Measures of duration serve a similar function.)--] (]) 15:58, 22 November 2023 (UTC) | |||
| ::Jimmy, regarding the ], I note that the Investment Policy you linked us to mentions this:<blockquote>"The Wikimedia Endowment was invested through the Tides Foundation, which is committed to achieving an impact-driven portfolio. The Wikimedia Endowment is invested only in funds that had been reviewed by Tides and meet its environmental, social, and governance (ESG) factors."</blockquote>Does that mean that the Wikimedia Endowment continues to invest '''ONLY''' in Tides-approved ESG investments? If so, why?! Wikimedia has its own unique objectives, specifically pertaining to the Open Knowledge movement. Although impact-driven investing generally results in lower returns and can have higher risks, it sounds like the WMF Endowment has already committed to that in its Investment Policy. Let's take that as a given; however, an impact-driven portfolio consistent with the goals of the Open Knowledge movement are different than those of Tides. Tides is a donor-fund aggregator whose mission aligns with its investment policy:<blockquote>“Tides conduct its investment management process with the recognition that its responsibility includes not only the traditional goals of maximizing return and minimizing risk, but also a focus on utilizing its investment capital to achieve a world of shared prosperity and social justice, founded on equality and human rights, a sustainable environment, healthy individuals and communities, and quality education.”</blockquote>WMF Endowment's impact-driven investing should '''NOT''' be exclusively determined by the goals and values of Tides as stated above. '''We are not a Tides subsidiary.''' | |||
| ::I see that the choice of investment holdings is based on Morningstar Sustainability Ratings per your linked description. Why are we using the identical percentage distribution as Tides. Was there a review conducted where that was determined to be best for our Foundation money? | |||
| ::I note that 10% of our Endowment will be invested in "funds rated a “three-E;” these funds have an ESG mandate and their lower rating may be due to companies in the fund not being covered by Morningstar analysts (especially in ex-US markets)". That doesn't sound good! Why would we want '''any''' of our money to be invested in overseas companies that Morningstar analysts don't even cover? Also, 10% of the Endowment will be invested in "funds that are not rated by Morningstar but have an ESG mandate". So, that means that as of the most current financial statement, approximately $10 million of Endowment funds will be holdings of ESG mutual funds that aren't even rated by Morningstar and another $10 million might be invested in overseas companies that Morningstar doesn't rate. An ESG mandate is not well-defined, i.e. social justice, sustainable environment, and quality education can mean one thing to Tides and something else entirely to others. It would be unfortunate if $20 million of WMF Endowment money were invested with so little control by the WMF.--] (]) 23:08, 25 November 2023 (UTC) | |||
| I'm sorry I haven't been able to work the draft up enough to get it admitted to mainspace. It does make me wonder about what we do and don't include, our notability criteria, Articles for Creation (AfC) process, and collaborative ethos. Thanks so much for any help or guidance you can offer! Have a great 2025 and beyond. Thanks again. ] (]) 17:57, 4 January 2025 (UTC) | |||
| :Hello, ]. I don't think that the Endowment funds and Wikimedia Foundation funds are readily transferable, i.e. the Endowment isn't generally intended for supporting day-to-day operating costs of WMF. See :<blockquote>"During times of prosperity, the Wikimedia Endowment will serve as a springboard for growth and innovation. During tough economic times, the Endowment will help fund the most critical operations that keep the Wikimedia projects functioning.</blockquote> | |||
| :Jimmy's reply to you is good, as it shows that he is cognizant of responsible corporate governance practices:<blockquote>"I think that using the Endowment to cover shortfalls shouldn't be something that anyone gets comfortable with."</blockquote> | |||
| :Your point is well-taken though. I too noticed that 2023 WMF salaries and benefits total over $100 million per year, a 20% year-on-year increase, whereas server costs are merely $3.1 million, up from $2.7 million last year.--] (]) 23:08, 25 November 2023 (UTC) | |||
| ::{{re|FeralOink}} What is your opinion of the optimal ratio of Foundation cash and investments to Endowment investments? | |||
| ::I also want to ask your opinion about the Morningstar ESG ratings. but I wonder how much of that is due to a circular self-fulfilling prophesy due to I'm not sure it's a great idea to have put 500 Toronto analysts in charge of such a large fraction of the world's equity and corporate debt markets. However, I used to be far more skeptical before Morningstar acquired ], back when the weights of the issues contributing to the ESG rating were whereas now they publish them on | |||
| <center> | |||
| {| class="wikitable" | |||
| |+ Issues driving Morningstar ESG Risk Ratings | |||
| ! Category | |||
| ! Issue | |||
| ! Contribution to ESG Risk Rating | |||
| |- | |||
| | rowspan="5" | Environmental<br>50.8% | |||
| | Carbon - Own Operations | |||
| | 19.2% | |||
| |- | |||
| | Resource Use | |||
| | 10.3% | |||
| |- | |||
| | Emissions, Effluents and Waste | |||
| | 7.1% | |||
| |- | |||
| | Occupational Health and Safety | |||
| | 7.5% | |||
| |- | |||
| | Environmental and Social Impact<br>of Products and Services | |||
| | 6.7% | |||
| |- | |||
| | rowspan="5" | Governance<br>49.2% | |||
| | Human Rights | |||
| | 22.8% | |||
| |- | |||
| | Corporate Governance | |||
| | 11.9% | |||
| |- | |||
| | Business Ethics | |||
| | 6.7% | |||
| |- | |||
| | Human Capital | |||
| | 4.0% | |||
| |- | |||
| | Community Relations | |||
| | 3.8% | |||
| |} | |||
| </center> | |||
| ::If you were ], how would you weight those issues? | |||
| ::As for Foundation staff and budget allocation, my greatest hope is they keep adding more engineers assigned to the Community Wishlist, which has been a breath of fresh air recently. I think governance issues, such as why the Foundation is committed to so much secrecy that they can't lead a letter writing campaign for the jailed Aribic Misplaced Pages admins, are far more important than staff vs. server infrastructure spending. ] (]) 04:05, 26 November 2023 (UTC) | |||
Latest revision as of 17:09, 5 January 2025
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Happy New Year Jimbo Wales! Wish you luck in 2025! Gooners Fan in North London (talk) 03:13, 1 January 2025 (UTC)
Albert Percy Godber
Happy New Year Jimbo!!! I hope all is well with you and your team.
Could you or your page watchers help me with Draft:Albert Percy Godber? The draft has been declined and tagged up. It was then deleted years ago. I had it restored today after I came across one of his photos. I think he and his photography are fascinating for capturing aspects of New Zealand's transportation and industrial history. His work is in museum and library collections. At least one of his photographs has been used in a book. He photographed Maori sites.
I'm sorry I haven't been able to work the draft up enough to get it admitted to mainspace. It does make me wonder about what we do and don't include, our notability criteria, Articles for Creation (AfC) process, and collaborative ethos. Thanks so much for any help or guidance you can offer! Have a great 2025 and beyond. Thanks again. FloridaArmy (talk) 17:57, 4 January 2025 (UTC)
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