1. Can someone please explain what the GREATER GOOD is exactly defined to be. 2. Who exactly is setting the moral standard of the greater good. 3. How does ESG guarantee maximized returns for the long-term. 4. Why should I relinquish my individual responsibility to do good and allow some vague group of people determine that for me? I know, I know...." Shut up and get on board mister!!!"
You may not be sacrificing returns right now as people are still buying into these funds pushing prices higher, but eventually returns has to be driven by company fundamentals and just momentum of the ESG hype, so I expect people will be giving up some returns in the longrun.
Please also mention that ESG ETFs are 2-5x time more expensive in management fees, and when you compare this in long term perspective it actually plays a huge role.
Publications need to stop quoting bill gates for these kinds of pieces, its been proven time and time again he doesn't actually know what hes talking about. PS: he also had a large short position on Tesla, and didnt believe in electric cars could happen anytime soon.
So this is like a virtue signalling investment guide…that doesn’t even take profitability into account!!! 0:35 - “there is a third group of investors that use ESG who want to protect their portfolio from negative impacts” - this means bad press and exposure from woke media…!!!
"you don't have to sacrifices performance while doing good" What actually is the good I am doing when buying a ESG stock or ETF? With my money I buy shares from a seller, someone who wants to disinvest. My money goes to that seller, who maybe anyone. The company that issued the share is not receiving any money for investment. So where is the good I am doing?
@@tamtaratam Sorry. I really meant what firm offers the fund. For example, buying a Blackrock ESG fund is not going to be nearly as environmentally beneficial as buying one from say, Green Century or Walden or Boston Common or Trillium. The latter are smaller and more involved in actual ESG activism at AGMs and engagement with companies. Because they are smaller, whether or not you invest in their funds can actually make a difference to their solvency, whereas Blackrock will probably do just fine whether or not you invest in their funds. The activist funds a;so tend to be cleaner, whereas Blackrock's (or state street, vanguard, etc.) aren't.
Not as simple as Wolfie statement. It may seem like it is no longer a cold financial calculation and that esg muddies the water, but it's driven by people as always. Example: companies with good social/governance (correct accordingly) esg have retained more of their valuable staff during the pandemic as those treated well were more loyal in a time of crisis. These 'sustainable' esg values build companies in many other ways today - it is SUSTAINABLE after all - which you can see if you take time to research it.
This is what happens when you don't correctly educate the young. Machiavelli rightfully observed that the most magnanimous and benevolent of princes will be undone by the most ruthless and unscrupulous. This is why ESG cannot work.
@@Vanguardkl The cogitation, articulation and execution of your argument has perfectly demonstrated my point. I thank you and I'd like to assure other readers that this is not a set up, 'O K' spontaneously made this comment unprompted!!
@@wolfiestreet6899, and there was me thinking that O K should be put in charge of setting the moral compass for all ESGs and also setting the thresholds for all the various "bars".
1. Can someone please explain what the GREATER GOOD is exactly defined to be.
2. Who exactly is setting the moral standard of the greater good.
3. How does ESG guarantee maximized returns for the long-term.
4. Why should I relinquish my individual responsibility to do good and allow some vague group of people determine that for me?
I know, I know...." Shut up and get on board mister!!!"
Esg is an agenda in sheeps clothing.
All your questions have one answer: Jews.
You may not be sacrificing returns right now as people are still buying into these funds pushing prices higher, but eventually returns has to be driven by company fundamentals and just momentum of the ESG hype, so I expect people will be giving up some returns in the longrun.
Please also mention that ESG ETFs are 2-5x time more expensive in management fees, and when you compare this in long term perspective it actually plays a huge role.
Doing an extended essay for my degree on sustainable finance, thank you for this v helpful
Sustainable = tyranny
Sorry, who gets to decide what is ethical? Who gets to decide priorities? It won't be democratic, that's for sure.
That's the point
Publications need to stop quoting bill gates for these kinds of pieces, its been proven time and time again he doesn't actually know what hes talking about.
PS: he also had a large short position on Tesla, and didnt believe in electric cars could happen anytime soon.
@Simon Katz, you're not at all creepy.
So this is like a virtue signalling investment guide…that doesn’t even take profitability into account!!!
0:35 - “there is a third group of investors that use ESG who want to protect their portfolio from negative impacts” - this means bad press and exposure from woke media…!!!
Nobody is talking about how it affect my work and my work environment.
The problem is that the bar to qualify as esg positive is too low. Yes the video is right but it's far too basic.
You should just about understand it then.
Just like traitor kerry's carbon tax , how much credit score can you afford ?
"you don't have to sacrifices performance while doing good"
What actually is the good I am doing when buying a ESG stock or ETF? With my money I buy shares from a seller, someone who wants to disinvest. My money goes to that seller, who maybe anyone. The company that issued the share is not receiving any money for investment. So where is the good I am doing?
it depends on who you buy it from.
@@kenlandon6130 sure, but on the stock market we just do not know with whom we are trading
@@tamtaratam Sorry. I really meant what firm offers the fund. For example, buying a Blackrock ESG fund is not going to be nearly as environmentally beneficial as buying one from say, Green Century or Walden or Boston Common or Trillium. The latter are smaller and more involved in actual ESG activism at AGMs and engagement with companies. Because they are smaller, whether or not you invest in their funds can actually make a difference to their solvency, whereas Blackrock will probably do just fine whether or not you invest in their funds. The activist funds a;so tend to be cleaner, whereas Blackrock's (or state street, vanguard, etc.) aren't.
Corporatism. It means Corporatism
Good
I miss Brooke on Charts that count..
It means introducing fanaticism and irrational emotions into financial markets valuations.
nothing new
@@RejectedGlobe What's new is that it becomes official policy.
Not as simple as Wolfie statement. It may seem like it is no longer a cold financial calculation and that esg muddies the water, but it's driven by people as always. Example: companies with good social/governance (correct accordingly) esg have retained more of their valuable staff during the pandemic as those treated well were more loyal in a time of crisis. These 'sustainable' esg values build companies in many other ways today - it is SUSTAINABLE after all - which you can see if you take time to research it.
Only fund managers make money off of ESG, it’s a bloody joke
Just like traitor kerry's carbon tax , how much credit score can you afford ?
Just think positive about the future impact on the environment. Great reporting 🙏
Emrah Safa Gürkan
ESG cool
Miningming
ESG ia ruining entertainment industry
Is that dust under the kitchen cabinets?
Exactly, Tesla is not completely Green
Technically bitcoin mining is pushing energy production in a better direction. Also anything gained is somebody's loss, mostly the earth's
Technically eating candy is pushing my diet efforts in a better direction too!
Spoken like a fanatic.
This is what happens when you don't correctly educate the young.
Machiavelli rightfully observed that the most magnanimous and benevolent of princes will be undone by the most ruthless and unscrupulous.
This is why ESG cannot work.
Hey boomer . You're the reason why old people are stupid
@@Vanguardkl The cogitation, articulation and execution of your argument has perfectly demonstrated my point.
I thank you and I'd like to assure other readers that this is not a set up, 'O K' spontaneously made this comment unprompted!!
@@wolfiestreet6899, and there was me thinking that O K should be put in charge of setting the moral compass for all ESGs and also setting the thresholds for all the various "bars".