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> Funds have a huge voice If they divest, they have no voice at all.
by rootusrootus 7y ago
> Funds have a huge voice
If they divest, they have no voice at all.
- jsingleton 7y agoMost people unfortunately stick with the default investments their employers choose. So funds will still have a big vote share even if a large number of concerned people switch, however it is a signal to them.
- rootusrootus 7y agoIt may be a signal to the funds themselves, but it is not any kind of signal to the underlying companies whose stock is being held in the fund.
- eecc 7y agoSo you’re saying that now “voting with your money” doesn’t make any sense? But wasn’t that the standard liberal answer to “socialist strikes”? /s Also, does that mean that one has to pay to be heard? Isn’t that census all over again? (Not so /s)
- rootusrootus 7y ago> you’re saying that now “voting with your money” doesn’t make any sense I said no such thing. Voting with your wallet means changing who you do business with. Selling your stock in a company does exactly zero to their bottom line, you are not voting at all.
- ageofwant 7y agoValue is determined by demand. If demand drops so does value. Also bottom line and stock price are different things.