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> Does this work in liquid markets though? Well, I think the idea is to try to the make the market for these stocks less liquid. And it might work, because th
by olau 7y ago
> Does this work in liquid markets though?
Well, I think the idea is to try to the make the market for these stocks less liquid.
And it might work, because the long run you're talking about isn't actually looking too bright due to the technological developments with renewables and electric vehicles. These stocks are not retirement stocks, unless you're retiring in a couple of years.
- solveit 7y agoThe point is that it takes near universal coordination to actually hurt liquidity. Otherwise, you're just funneling money to amoral investors.
- graeme 7y agoFurther to this: a key point of South African divestment was people didn't buy products from South Africa, or form partnerships with their institutions. Depending on how liquid a product was, this type of action can have real consequences. Eg: * boycotting a specific type of industrial product mainly bought in Europe = big impact * Boycotting wheat = small impact, this is easily sold elsewhere * Boycotting sports term = big impact. Often only one league matters Shared are quite liquid. Likewise, a boycott of a specific oil company would do little to thwart oil use. Not buying oil itself actually has some impact, by shifting the demand curve.