Team Biden: Full Steam Ahead on Politicized Investing
Fans of ESG might be in for a rude awakening as their rhetorical dream becomes a mandatory reality.
ESG
The Capital Note: Volatility Delivers Victory for Goldman Sachs
On the menu today: Volatility boosts bank profits, ESG (again), a defense of the financial media, and why studying economics will make you rich.
The Capital Note: Treasuries & ESG
On the menu today: the Treasury market, ESG, and vaccine expectations.
Defending Pensions
Comments on a proposed Labor Department rule change regarding ESG & ERISA.
Milton Friedman’s Shareholder Primacy Stands the Test of Time and Helps Many Stakeholders 50 Years Later
Joe Biden and CEOs emphasize helping non-shareholder stakeholders, but they ignore how Friedman’s shareholder primacy theory does exactly that.
Capital Note: Stock-Market Selloff & the Fate of the Euro Zone
Big-tech stocks are selling off, Euro Zone retail sales, around the web, ESG investing, and more.
ESG and Its Contradictions
International investing can, under certain circumstances, be tricky for those marketing the ethical approach baked into their investment process.
ESG on a Tear, But No Boohoo (Maybe)
The attempt to legislate for society via shareholder resolution rather than old-fashioned elections trundles on.
ESG Investing and the Use of ‘Risk’
ESG investment strategies are riskier than advertised.
Panic on ESG Street
The Department of Labor should stick with its proposed new rule.