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ESG is a signal that big asset owners who hold hundreds of billions of dollars are clueless in their predictions of the economic cycles, and so they resorted to
by JumpinJack_Cash 4y ago
ESG is a signal that big asset owners who hold hundreds of billions of dollars are clueless in their predictions of the economic cycles, and so they resorted to pursue social trends instead.
They mistakenly think that what they hear on the news is the sole preoccupation of their policyholders/rightholders whereas in reality when somebody is complaining about political or social themes their brain load is usually very low, and it's essentially garbage time (using sports lingo)
- sharemywin 4y agoI kind of see it the opposite. when you have that many assets to manage there's no one push the downstream effects of your products off on too. so you have to invest across sectors and industries how do you make money in one without another going down.