Not so long ago, the acronym ESG was trendy in investment markets. The woke thing to do was to invest in ESG-friendly funds. Their popularity promised a maximum return on investment with a commitment to woke ideals. ESG stands for investing in corporations based on environmental, social and corporate-governance factors. By adopting an environmental, social … Read more
Recently, Larry Fink, CEO of Blackrock, announced that he and his organization would no longer be using the term ESG (Environmental, Social, Governance), an investment strategy geared towards ‘responsible investing,’ which Blackrock helped to pioneer and promote. ESG offers investors a way to ‘responsibly invest (at least on paper) in companies who are environmentally and … Read more
One persistent myth in today’s materialistic society is that money rules everything. Those wishing to understand why people act the way they do are told to “follow the money.” The lust for power and wealth trumps everything. However, there are more important things than money—even on Wall Street. Some liberal businessmen and investment management firms … Read more
The greatest enemy of America’s financial future is not any foreign nation, a government regulator or a dangerous ideologue. The existential threat to America today is the “woke” financial establishment. It is presently politicizing business and weaponizing investment in policies that will have a devastating effect on America and the world. Big business has always … Read more
