By Jennifer and Peter Buffett, NoVo Foundation Co-Chairs
As posted in the Economic Times
Start with the last girl.
Imagine if someone gave you one billion dollars with one condition: use the money to create positive change in the world. What would you do? That’s exactly what happened to us in 2006, when we received a fax that changed our lives. Peter’s father, Warren Buffett, had decided to award our small foundation with a pledge valued at approximately one billion dollars with that one, simple, enormous requirement.
As we determined where to focus our giving, we were reminded of Warren’s own investment philosophy: invest in companies that are undervalued in the marketplace but which have great potential for growth.
Adolescent girls—who are profoundly undervalued but have enormous potential—clearly met this standard. Girls worldwide are less educated, less healthy and offered less opportunity than their male peers. But if given a chance, they will improve their own lives – and the lives of those around them.
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It is a simple idea, and a bold one: Women and girls have thepower to lead their countries away from war to peace and prosperity. But only if we stop the violence that is holding them back.