THIS MAN IS DEFINITELY NOT STUPID! BILL GATES KNOWS EXACTLY WHAT HE IS DOING.
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Bill Gates: My ‘best investment’ turned $10 billion into $200 billion worth of economic benefit.
Click on CNBC to see original article DAVOS 2020.
Gates Foundation now WHO’s biggest funder
1986 National Childhood Vaccine Injury Act
In 1986, Ronald Reagan signed the National Childhood Vaccine Injury Act (NCVIA) into law, and this law created the VICP. The VICP protects the pharmaceutical company from liability related to vaccines. If someone suffers from a vaccine injury, they can't bring a lawsuit against the manufacturer. See Article - https://en.wikipedia.org/wiki/National_Childhood_Vaccine_Injury_Act
Investing in global health organizations aimed at increasing access to vaccines created a 20-to-1 return in economic benefit, billionaire Microsoft co-founder and philanthropist Bill Gates told CNBC on Wednesday.
Over the past two decades, the Bill and Melinda Gates Foundation has donated “a bit more than $10 billion” into mainly three groups: the Global Alliance for Vaccines and Immunization, the Global Fund to Fight AIDS, Tuberculosis and Malaria, and the Global Polio Eradication Initiative. “We feel there’s been over a 20-to-1 return,” yielding $200 billion over those 20 or so years, Gates told CNBC’s Becky Quick on “Squawk Box” from the World Economic Forum in Davos, Switzerland. “Helping young children live, get the right nutrition, contribute to their countries — that has a payback that goes beyond any typical financial return.“ As a comparison, Gates echoed what he wrote in an essay in The Wall Street Journal last week under the banner “The Best Investment I’ve Ever Made,” saying that same $10 billion put into the would have grown only to $17 billion over 18 years, factoring in reinvested dividends. On vaccines, Gates also had a message for parents who fear side effects as a reason not to get their kids their shots. “It is wild that just because you get misinformation, thinking you’re protecting your kid, you’re actually putting your kid at risk, as well as all the other kids around them.”
Using measles as an example of a once-dangerous disease that’s easily preventable by a vaccine, Gates warned against complacency. “As you get a disease down to small numbers, people forget. So they back off. They think, ‘Gosh, I heard from rumor. Maybe I’ll just avoid doing it,’” he said. “As you accumulate more and more people saying that for whatever reason, eventually measles does show up. Kids get sick. And sometimes they die.”
By Bill Gates Jan. 16, 2019 7:01 pm
Technology is a boom-or-bust business, but it’s mostly busts. I’ve always assumed that 10% of my technology investments will succeed—and succeed wildly. The other 90% I expect to fail. When I made the transition from my first career at Microsoft to my second career in philanthropy, I didn’t think that my success rate would change much. I was now putting money into new ways to reduce poverty and disease. Discovering a new vaccine, I figured, would be just as hard as discovering the next tech unicorn. (Vaccines are much harder, it turns out.) After 20 years of investing in health, though, one type of investment has surprised me—because, unlike investing in a new vaccine or technology, the success rate is very high. It’s what people in the global-health business call “financing and delivery.” Decades ago, these investments weren’t sure bets, but today, they almost always pay off in a big way. In the fight against disease, big breakthroughs, like the discovery of a new drug, receive a lot of attention, and rightly so. Innovations such as penicillin and the measles vaccine have saved hundreds of millions of lives.
The author looks on as a health worker vaccinates a child, Awutu Senya District, Ghana, March 2013.
But it isn’t enough just to develop powerful new medicines. They have to make their way from the lab to the hospitals, clinics and homes where people need them. That journey doesn’t happen automatically. Buying medical supplies and getting them where they’re needed may sound easy, even boring, but it isn’t. Saving lives in developing countries often means getting medicines to remote villages and war zones.
Over the past two decades, my wife Melinda and I have put a total of $10 billion into organizations that do this challenging work, including three big ones: Gavi, the Vaccine Alliance; the Global Fund; and the Global Polio Eradication Initiative. Each of them has been extremely successful, but most people don’t know their names or what they do.
Even fewer are watching out for them, making sure they have the money they need to do their work. Without more funding over the next 18 months, all three of these institutions will have to dramatically scale back their efforts to fight disease and keep people healthy. This shouldn’t be allowed to happen. These organizations are not trivial or expendable. In fact, they are probably the best investments our foundation has ever made.
Two decades ago, the international community began to recognize that, despite great progress in public health since World War II, people in developing countries were still dying at an alarming rate, mostly from illnesses that were easily treated with basic medicine. And so a wave of institution-building began.
It started in 2000 with Gavi (the Global Alliance for Vaccines and Immunization, as it was then known), whose mission was to buy vaccines and help developing countries administer them to children. Two years later came the Global Fund to Fight AIDS, Tuberculosis and Malaria. It had a similar goal: to deliver medicines to fight those three diseases, which were the biggest killers in low-income countries
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