Restacks
So much here to agree with here, but the flaw is analyzing ESG as equivalent to the firm’s long-term greedy perspective or its risk management. But it’s not only that. ESG = f(LT greedy, risk management, X1, X2, Political1, Political2, …). ESG is also a political agenda because different interest groups assert (prioritize) their agenda u…
Its a free country, so I'm in favor of companies doing ESG investing (If Ron DeSantis is agin' it, it must be more good than bad). I do not have a particularly warm and fuzzy feeling about it, however, as I do not see it as being particularly well directed, sort of like the relation of "organic" foods to nutrition, more virtue signaling …
Great post. All this is more than abundant proof we suffer 21st century Totalitarian Fascism.
Time to Ride or Die for Larry Fink!
The war against ESG, & for negative externalities and self-interest wrongly understood…
2023-06-27 Tu
